{"id":47413,"date":"2017-03-10T12:14:54","date_gmt":"2017-03-10T05:14:54","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-tweaks-property-cooling-measures-for-ssd-and-tdsr\/"},"modified":"2017-03-10T12:20:52","modified_gmt":"2017-03-10T05:20:52","slug":"govt-tweaks-property-cooling-measures-for-ssd-and-tdsr","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-tweaks-property-cooling-measures-for-ssd-and-tdsr\/","title":{"rendered":"Govt tweaks property cooling measures for SSD and TDSR"},"content":{"rendered":"


\nThe government will now reduce the holding period for imposing the Seller\u2019s Stamp Duty from the current four years to three years.
\nWith effect from 11 March, the government will implement changes to the Seller\u2019s Stamp Duty (SSD) and Total Debt Servicing Ratio (TDSR) framework, but will retain the current Additional Buyer\u2019s Stamp Duty rates and loan-to-value (LTV) limits, according to a joint statement from the Ministry of Finance and Ministry of National Development on Friday (10 March).
\nCurrently, the SSD is paid by homeowners who sell their residential property within four years of purchase, at rates of between four percent and 16 percent of the property\u2019s value. However, since this measure was introduced in January 2011, the number of property sales within the four-year window has fallen significantly.
\nAs such, the government will now reduce the holding period for imposing SSD from the current four years to three years. The SSD rate will also be lowered by four percentage points for each tier. The new rates will range from four percent for properties sold in the third year to 12 percent for those sold within the first year.
\nMeanwhile, the TDSR framework will no longer apply to mortgage equity withdrawal loans with LTV
\nratios of 50 percent and below. This comes after some borrowers shared that the TDSR framework limited their flexibility to monetise their properties in their retirement years.
\nAt the same time, National Development Minister and Second Minister for Finance, Lawrence Wong, will introduce legislative changes in Parliament today implementing stamp duties for property holding companies that undertake a transfer of equity interest in an entity holding residential properties. This would be similar to what would happen if they were to buy or sell the properties directly.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Govt tweaks property cooling measures for SSD and TDSR<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The government will now reduce the holding period for imposing the Seller\u2019s Stamp Duty from...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-47413","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ckJ","jetpack-related-posts":[{"id":49342,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/making-sense-of-the-property-tweaks\/","url_meta":{"origin":47413,"position":0},"title":"Making sense of the property tweaks","date":"March 24, 2017","format":false,"excerpt":"\r View of luxury apartments in downtown Singapore. In a surprising move, the government recently eased some of the property cooling measures. Will it draw home buyers back into the market and push property prices up? We ask the analysts for their views. By Romesh Navaratnarajah On 10 March 2017,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/03\/Hari-V.-Krishnan-268x300.jpg?fit=268%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":47843,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/analysts-dont-see-significant-impact-of-tweaking-cooling-measures\/","url_meta":{"origin":47413,"position":1},"title":"Analysts don\u2019t see significant impact of tweaking cooling measures","date":"March 13, 2017","format":false,"excerpt":"\r The latest policy relaxation is seen as the beginning of the unwinding of cooling measures, an analyst said. Although analysts welcomed the move to ease the Seller\u2019s Stamp Duty (SSD) and the Total Debt Servicing Ratio (TDSR) framework, they do not expect the latest measures to have a significant\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24689,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/other-property-measures-may-be-eased-after-tdsr-tweaked-report\/","url_meta":{"origin":47413,"position":2},"title":"Other property measures may be eased after TDSR tweaked: report","date":"September 2, 2016","format":false,"excerpt":"\r Changes to the TDSR could be a precursor to further fine-tuning of the property measures. The decision by the Monetary Authority of Singapore (MAS) to revise the refinancing rules under the Total Debt Servicing Ratio (TDSR) framework is seen as a favourable move by Credit Suisse, and a possible\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47961,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-buying-frenzy-despite-easing-of-property-cooling-measures\/","url_meta":{"origin":47413,"position":3},"title":"No buying frenzy despite easing of property cooling measures","date":"March 14, 2017","format":false,"excerpt":"\r Sales at some new launches in Singapore continue to move slowly despite the recent tweaking of property curbs. The easing of some property cooling measures last week has not propelled demand for private homes, reported the Straits Times. Property agents noted that there was no buying frenzy at most\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101490,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/non-consenting-owners-of-en-bloc-properties-still-have-to-pay-stamp-duty-wong\/","url_meta":{"origin":47413,"position":4},"title":"Non-consenting owners of en bloc properties still have to pay stamp duty: Wong","date":"November 21, 2018","format":false,"excerpt":"\r Minister Lawrence Wong was responding to a query on whether the seller\u2019s stamp duty is waived for those who do not sign the collective sale agreement. (Photo: Wikimedia Commons) Homeowners who opposed the collective sale of a private residential development are still required to pay the seller\u2019s stamp duty\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48278,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-share-prices-trending-upwards\/","url_meta":{"origin":47413,"position":5},"title":"Developer share prices trending upwards","date":"March 16, 2017","format":false,"excerpt":"\r Share prices for some of Singapore\u2019s biggest developers surged after some cooling measures were eased last Friday. \u00a0 Three large property developers reported sizeable increases in their stock prices hours after the government announced the easing of two property cooling measures last Friday (10 March), reported The New Paper.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/47413"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=47413"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/47413\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=47413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=47413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=47413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}