As of 16th December 2021, new property cooling measures finally happened. The shock isn’t too great this time, as most of the market saw it coming (perhaps most expected it would have been earlier than right now). Earlier we’d speculated, based on past patterns, that cooling measures kick in when private home prices push past 10 per cent. It seems we’re only a little bit off, as private home prices are up nine per cent since Q1 2020. Here’s what you need to know:

- Loan to value ratio will now be 85% for HDB loans 75% for bank loans
- Total debt servicing ratio at 55% instead of 60%
- 17% for second and 25% ABSD for third property for Singapore citizens
- 5%, 25%, and 30% ABSD for PR
- Foreigners at 30% from 20% ABSD previously
- 35% +5% non-remissible for property developers

For the full article, please visit: https://stackedhomes.com/editorial/16-dec-2021-new-property-cooling-measures/?utm_source=youtube.com&utm_medium=description&utm_campaign=cooling_measures_2021

Chapters
0:00 - Intro
0:43 - Cooling Measures Changes
4:08 - Effect On First-Time Homebuyers
6:15 - Effect On HDB Upgraders
7:20 - Effect On Foreigners
8:18 - Effect On Developers
9:07 - Opinions From Realtors
10:51 - Outro

Follow us on our other socials, where we post more property content!

👉 Instagram: https://instagram.com/stackedhomes/

👉 Facebook: https://facebook.com/stackedhomes/

👉 Telegram: http://t.me/stackedhomes

👉 Website: https://stackedhomes.com

For other enquiries: hello@stackedhomes.com

Just want to chat about real estate? You can WhatsApp us at: http://bit.ly/stacked-whatsapp

Stacked is an online editorial aimed at helping Singapore home buyers, sellers and renters make better decisions. By regularly conducting research and publishing our findings, we hope to give our readers a much better perspective on buying, selling or renting Singapore real estate.

Editorially independent, our articles are published in-house and do not receive sponsorship. We hope to provide unbiased, reliable content that our readers can use.

#Stackedopinions #propertyinvestment #realestatesingapore