Current Property Must-know
This is a summary of the major must knows that affect Singapore’s residential property segment. Please check with the various government agencies for the full list of measures. Links provided at the end of this page.
1) Total Debt Servicing Ratio – TDSR
With effect from 29 June 2013
See MAS website
The Total Debt Servicing Ratio framework is a rule enforced by the Monetary Authority of Singapore (MAS). Under this rule, any property loan extended by financial institutions must not exceed a TDSR threshold of 60%. This basically means that the percentage of total monthly debt obligations of the borrower to gross monthly income must not exceed 60%.
2) Buyer Stamp Duty – BSD
Last revised & effective from 20 January 2018
See IRAS website
The BSD is a tax payable by all buyers of residential properties. The taxable amount is dependent on the price of the property purchased. The table below shows the BSD payable.