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The Macau Metro Monitor, January 13, 2011


NEW MEASURES FOR PROPERTY MARKET AGAIN Strait Times

New Singapore property measures, effective Friday, include:

1) Increasing the holding period for imposition of Seller's Stamp Duty (SSD) from the current three years to four years

2) Raising the SSD rates to 16%, 12%, 8% and 4% of consideration for residential properties which are bought on or after Friday, and are sold in the first, second, third and fourth year of purchase respectively

3) Lower the Loan-To-Value (LTV) limit to 50% on housing loans granted by financial institutions regulated by MAS for property purchasers who are not individuals

4) Lower the LTV limit on housing loans granted by financial institutions regulated by the Monetary Authority of Singapore from 70%to 60% for property purchasers who are individuals with one or more outstanding housing loans at the time of the new housing purchase