FLASH: Singapore announces new property cooling measures
With effect from 16 December 2021, Additional Buyer's Stamp Duty (ABSD) rates will be raised, and the Total Debt Servicing Ratio (TDSR) threshold will be tightened. The government will also tighten the LTV limit for loans from HDB from 90% to 85%. In addition, the government will increase public and private housing supply to cater to demand.
Full story here.
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