Type to search

Singapore Government Relaxes Property Financing Rules, Reduces Seller Stamp Duty And Amends TDSR Rules

March 10, 2017

In an unexpected move that caught many observers off guard, the ministries of National Development, Finance and Monetary Authority of Singapore released a joint press release today (10th March 2017) that relaxes several property cooling measures implemented years ago, effective tomorrow (11th March 2017)

To see how these rule changes will affect you, read more below:

For Individuals Looking To Sell Their Property

Sellers Stamp Duty (SSD) will be reduced by 4% each tier and the SSD holding period will be lowered from 4 years to 3 years.

Please see table below for more information:

Holding Period Old Sellers Stamp Duty New Sellers Stamp Duty
Up to 1 Year 16% 12%
More than 1 Year less than 2 Years 12% 8%
More Than 2 Years and up to 3 Years 8% 4%
More Than 3 Years and up to 4 Years 4% No Seller Stamp Duty
More than 4 Years No Seller Stamp Duty


For Those Looking To Refinance/ Cash Out Of Their Property

The TDSR Framework will no longer apply if you refinance/ cash out a loan value that is less than 50% of the value of your property. This will allow more individuals to refinance/ cash out easily. This has been done so as to better allow borrowers to monetise their properties in their retirement years.

Leave a comment


Gerry has spent time working in 5 different banks in various capacities, across a range of functions from back to middle and front office. After leaving banking, he spent time working on market research for consumer banking with a focus on the Chinese and Singapore market. He now serves as a home loan consultant and business manager of Easyrates.

  • 1

Leave a Comment

Your email address will not be published. Required fields are marked *