http://www.straitstimes.com/business...t-tdsr-relaxed
Govt eases property cooling measures: sellers' stamp duty holding period now 3 years, rates cut; TDSR relaxed
PUBLISHED9 MIN AGOUPDATED5 MIN AGO
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SINGAPORE - The Government has relaxed some property cooling measures. The new rules take effect from March 11.
The sellers' stamp duty (SSD) is currently payable by those who sell a residential property within 4 years of purchase, at rates of between 4 per cent and 16 per cent of the property's value
The changes will see SSD holding period cut to three years, down from four.
The SSD rates will also be lowered by four percentage points for each tier.
The new SSD rates will range from 4 per cent (for properties sold in the third year) to 12 per cent (for those sold within the first year).
The TDSR framework will no longer apply to mortgage equity withdrawal loans with loan-to-value ratios of 50 per cent and below.