The government has launched a slew of policies aimed at calming the HDB and private residential resale markets.
According to a joint press release from the Ministry of National Development, the Ministry of Finance, and the Monetary Authority of Singapore, the measures involve narrowing the TDSR baseline level, and reducing the LTV limit for HDB loans, and increasing Additional Buyer’s Stamp Duty (ABSD) rates.
The measures came after the statistic report since the first quarter of 2020, private house prices have climbed by around 9%. HDB resale flat values have also increased by nearly 15% over the same period, reversing a six-year downward trend.
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