Private homes costing under $1 million may now draw keener interest among Singapore permanent residents (PRs) who have held their residency status for less than three years, and who are now blocked from buying HDB resale flats, property consultants say.
They added, however, that the shift to the private property segment by this group of buyers is unlikely to raise the number of private-home transactions significantly.
The HDB resale market recorded 25,094 transactions last year. The HDB said a fifth of resale flats are bought by PRs.
Tagged in:
Building and Construction Authority BCA
buyers stamp duty
Central Provident Fund Board CPF
Housing and Development Board HDB
Inland Revenue Authority of Singapore IRAS
Land Transport Authority LTA
loan to value limits
Loan to Value limits LTV
Maximum Loan tenure
Ministry of Education MOE
Ministry of Foreign Affairs MFA
Ministry of National Development MND
Ministry of Trade and Industry
Monetary Authority of Singapore MAS
Mortgaging Servicing Ratio MSR
Singapore City in a Garden
Singapore Urban Redevelpment Authority URA
total debt servicing ratio