The Government has announced the easing of following property cooling measures:
1. Seller's Stamp Duty (SSD) holding period reduced to 3 years;
2. SSD rates lowered by 4% points for each tier.
3. Total Debt Servicing Ratio (TDSR) threshold will no longer apply to mortgage equity withdrawal loans with loan-to-value (LTV) ratios of 50% & below.
Jason Ow S. H.
Senior Financial Consultant