A Brief Summary of Cooling Measures (Source: SRX)
1. Additional Buyer’s Stamp Duty (ABSD)
ABSD was first introduced on 7 December 2011 to cool the residential market and revised upwards on 12 Jan 2013 due to further acceleration in the escalation of residential property prices. The latest round of ABSD rate revision was introduced on 6 July 2018.

The ABSD rate will depend on the buyer profile as at the date of purchase or acquisition of the residential unit. Hide 
Note: 1Citizens of the USA, Switzerland, Liechtenstein, Norway, Iceland will be treated the same as Singapore Citizens due to FTA agreement.
2. Sellers’ Stamp Duty (SSD)
SSD is payable on all residential properties and residential lands that are bought on or after 20 Feb 2010 and sold within the holding period. Hide 
3. Loan-to-Value (LTV) Ratio
Loan to value (LTV) is the housing loan quantum a bank or financial institution is willing to offer as a percentage of the property’s valuation. Hide 
cooling measures ltv
prices of private properties in response to cooling measures

The 2 Most Important Aspects of the Jan 12 cooling measures

1) Changes to downpayment for 2nd and subsuquent properties

2)Additional Stamp Duties payable for 2nd and subsequent properties

Why pay for ABSD?

The extra ABSD that one has to pay for a 2nd property puts a hefty burden on the buyer,

but why are people still buying their 2nd/3rd property and still paying for it?

Click below to know their rationale!


Courtesy of: iMoney.sg