The Government has announced more measures to maintain a stable and sustainable property market, reported Channelnewsasia.com.
From Friday, the holding period for imposition of Seller’s Stamp Duty (SSD) will be raised to four years from the current three.
The SSD rates would also be raised while the Loan-To-Value (LTV) limit would be lowered to 50% on housing loans for property buyers who are not individuals.
The LTV limit would also be lowered to 60% for individual property buyers with one or more outstanding housing loans.
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