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Government Eases up On Seller Stamp Duty, Relaxes TDSR Rule For Retirees Needing Cash Loans

    Certain residential property measures related to the sellers’ stamp duty (SSD) as well as the total debt servicing ratio framework (TDSR) has been relaxed. However, there would still be no change to the additional buyers’ stamp duty (ABSD) charge, as well as the loan-to-valuation (LTV) limits. The SSD is currently payable by those who sell a residential property within 4 years of purchase, at rates of between 4% and 16% of the property’s value. The changes will see the SSD holding period cut to 3 years instead of 4Read More

What assets make up Singapore’s reserves?

Reader Stanley Ong wrote in to askST about Singapore’s reserves. He is curious to know what these reserves are: “Do they take the form of bank deposits, or are they made up of assets such as stocks, bonds and unit trusts?” Senior correspondent Goh Eng Yeow answers: Like a listed company, the Government has a balance sheet made up of assets and liabilities. In a nutshell, these reserves that you have asked about would be the total assets minus the liabilities on the Government’s balance sheet. On the asset side,Read More