Property market cooling 2021 (Perspective from non property salesperson)

The Government on Wednesday (Dec 15) announced a package of measures to cool the private residential and HDB resale markets.

The measures include raising Additional Buyer’s Stamp Duty (ABSD) rates, tightening the Total Debt Servicing Ratio (TDSR) threshold and lowering the Loan-to-Value (LTV) limit for loans from the Housing and Development Board (HDB), said the Ministry of Finance, the Ministry of National Development and the Monetary Authority of Singapore in a joint press release.

In this video, I will share my views on how these changes impacts the property market and whether it will affect potential buyers.