On Feb 10, 2014, The Monetary Authority of Singapore (MAS) announced to ease the restrictive Total Debt Servicing Ratio (TDSR) on certain property buyers. What it says is that some of those who bought a residential property before the TDSR measure (introduced on June 29, 2013) will be exempted from the TDSR threshold of 60% […]
Summary of 7th round of property cooling measures
Last Friday (11th Jan 2013) evening, the Singapore Government announced a sweeping 7th round of property cooling measures since 2009, with a series of policies including: Raising Additional Buyer’s Stamp Duty (ABSD) by 5%-7% Imposing ABSD on second homes for Singaporeans and first homes for permanent residents (PR) Lowering loan-to-value limits Increasing minimum cash payments […]