DEVELOPERS will need to provide for larger homes in non-landed projects in the Central Area from January 2023, when new guidelines from the Urban Redevelopment Authority (URA) for dwelling units kick in.From Jan 18, 2023, a minimum of 20 per cent of dwelling units (DUs) with a nett internal area of 70 square metres (sq m) will be required for all new flats, condominiums and residential components of commercial and mixed-use…

Joint MAS-MND-HDB Press release: Measures to promote sustainable conditions in the property market by ensuring prudent borrowing and moderating demand Published Date: 29 September 2022   1. Market interest rates have risen significantly. They are likely to increase further in future, which will affect borrowing costs for home purchases. To ensure prudent borrowing and avoid future difficulties in servicing home loans, the Government will tighten the maximum loan quantum limits…

  Published Date: 8 May 2022   The Government announced today that Additional Buyer’s Stamp Duty (ABSD) of 35% will apply on any transfer of residential property into a living trust[1] , where the transfer occurs on or after 9 May 2022.    2. Today, when a residential property is transferred into a living trust, Buyer’s Stamp Duty (BSD) is payable. ABSD may also be payable, depending on the profile of…