Singapore 16 Dec 2021 Property Cooling Measures

The Singapore Government announced on 15 December 2021 a package of measures to cool the private residential and HDB resale markets. These includes raising the Additional Buyer’s Stamp Duty (ABSD) rates, tightening the Total Debt Servicing Ratio (TDSR) threshold as well as the Loan-to-Value (LTV) limit for loans from the Housing and Development Board (HDB).
This higher ABSD rates measure aims to promote housing affordability particularly from those buying property for investment instead of own occupation.
Tightened Total Debt Servicing Ratio (TDSR) measure aimed at tightening financial conditions for both private and public housing will encourage greater financial prudence
At the mean time the Government will also increase the supply of both public and private housing to meet housing demand. The measures undertaken in this cooling package will help promote a stable and sustainable property market. The Government remains vigilant to the risk of a sustained increase in prices relative to income trends.
The number of units available under the confirmed list of the H1 2022 Government Land Sales (GLS) Programme will go up 40% from H2 2021, Minister for National Development Desmond Lee announced. 
Build-to-order (BTO) supply will launch up to 23,000 flats per year in 2022 and 2023 to meet demand from Singaporean households. This will be a 35% increase from 17,000 flats launched in 2021.
16 Dec cooling measure