Government eases property cooling measures: sellers’ stamp duty holding period now 3 years, rates cut; TDSR relaxed for retirees needing cash

The Government has relaxed some property cooling measures on the sellers’ stamp duty (SSD) front as well as the total debt servicing ratio framework (TDSR). The new rules take effect from March 11.

The SSD is currently payable by those who sell a residential property within 4 years of purchase, at rates of between 4 per cent and 16 per cent of the property’s value

– The changes will see the SSD holding period cut to three years, down from four.

– The SSD rates will also be lowered by four percentage points for each tier.

– The new SSD rates will range from 4 percent (for properties sold in the third year) to 12 per cent (for those sold within the first year).

The rates apply to all homes bought on and after March 11.


The TDSR framework will no longer apply to mortgage equity withdrawal loans with loan-to-value ratios of 50 percent and below. These refer to loans where borrowers in their retirement years will borrow against the value of their properties to obtain more cash.

MND, MAS and MOF said in a statement this morning that the current set of property measures remain necessary to promote a sustainable residential property market and financial prudence among households.




For the latest property market updates, please visit