Singapore announces new property cooling measures: Higher ABSD rates, tighter loan limits

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The government unveiled a set of steps to calm the private residential and HDB resale sectors on Wednesday (Dec 15).

According to a joint public statement from the Ministry of Finance, Monetary Authority of Singapore, and the Ministry of National Development, the measures include increasing ABSD rates, clamping the TDSR threshold, and reducing the Loan-to-Value (LTV) cap for HDB loans.

Source: https://www.channelnewsasia.com/singapore/property-cooling-measures-absd-tdsr-ltv-loan-hdb-2382301

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