How does the New Cooling Measure (wef 12 Jan 2013) affect you as a buyer/seller?

As soon as the cooling measure took place, several clients call me to enquire on the new measure.

After gathering all the information, let me summarize and let you know
How does the New Cooling Measure going to affect you??

1)  Residential Property:  Seller Stamp Duty (SSD) (wef 14012011)

• Within the 1st year: 16% of price or market valuation, whichever is higher
• 1st year - 2nd year : 12% of price or market valuation, whichever is higher
• 2nd year - 3rd year : 8% of price or market valuation, whichever is higher
• 3rd year - 4th year : 4% of price or market valuation, whichever is higher

2) Residential Property: Additional Buyer Stamp Duty (ABSD) before and after Cooling Measure (wef 12012013).

3) Residential Property: How does the Loan To Valuation ( LTV) affect you? (wef 12012013)

4) HDB: Mortgage Servicing Ratio (MSR) (wef 12012013)Bank Loan : MSR capped at 30% of borrower's gross monthly income
HDB loan: MSR lowered from 40% to 35%


5) Industrial Property:  How does  the Seller Stamp Duty (SSD) affect you? (wef 12012013)

• Within 1st year: 15% of price or market valuation, whichever is higher
• 1st - 2nd year: 10% of price or market valuation, whichever is higher
• 2nd - 3rd year: 5% of price or market valuation, whichever is higher

If you have any question unsolved, you can either get me via my Mobile at 9 1 7 6 7 9 7 0 or email me at den@housingmatters.com.sg or even drop a comment below :

Den Ng
Housing Matters
http://www.housingmatters.com.sg