What are the new property cooling measures and how will they affect you?

TL;DR Here's all the key changes to take note of:

• Singapore citizens to pay 17% ABSD for their 2nd residential property (up from the previous 12%), and 25% for their 3rd and subsequent property (up from 15%).
• Permanent Residents to pay 25% ABSD for 2nd property and 30% for 3rd or subsequent property, up from 15% previously.
• Additional Conveyance Duties for buyers of equity interest property-holding entities will be raised from up to 34% to a maximum of 44%.
• The TDSR threshold will be tightened from 60% to 55%.
• Reduced LTV limit for HDB loans from 90% to 85%.

Changes to apply for cases where OTP is granted from 16th Dec onwards

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https://seedly.sg/opinions/what-are-the-new-pro...