Policy before and after · Macroprudential

Singapore extends SSD to three years and tightens financing for borrowers with outstanding housing loans

Announced 30 August 2010 · Effective 30 August 2010

Read the full event recordCompare with another policyCreate research brief

Comparison anchored to effective date: 30 August 2010. Before: 1 June 2010 to 29 August 2010. After: 30 August 2010 to 27 November 2010. The same 90 days on each side; the anchor day counts as after.

Before · 1 Jun 2010 to 29 Aug 2010

7 land-sales awards

  • 27 land-sales steps in all
  • 0 other archive events

The event

Announced 30 Aug 2010

Effective 30 Aug 2010

The effective date is the anchor.

After · 30 Aug 2010 to 27 Nov 2010

16 land-sales awards

  • 44 land-sales steps in all
  • All 90 days observable

What this comparison can and cannot show

Generated from this window's records

Recorded

  • 3 verified claims on this event record a before and an after value.
  • 7 land-sales awards in the 90 days before the effective date, and 16 in the 90 observable days after.
  • None of the 4 tracked series has a whole period on both sides of a 90-day window, so no market figure is compared.

Cannot be concluded

  • That this event moved any figure on this page. The comparison is by date; nothing here is attributed to the event.
  • A reading of the concurrent land sales and events as responses to this one. They are listed by date alone.
About this eventIssuing authority, category, affected market, primary source, summary
Announced
30 August 2010
Effective
30 August 2010
Issuing authority
Monetary Authority of Singapore, Ministry of National Development, Ministry of Finance
Category
Macroprudential
Affected market
Residential property acquired on or after 30 August 2010, and housing loans from MAS-regulated financial institutions for private residential property, executive condominiums, HUDC flats, HDB flats and DBSS flats where the purchaser already has an outstanding housing loan.
Primary source
Measures to Maintain a Stable and Sustainable Property Market. Joint press release, Ministry of National Development, Ministry of Finance and Monetary Authority of Singapore, 30 August 2010, with footnotes 1, 5 and 7.

On 30 August 2010 Singapore extended the Seller's Stamp Duty holding period from one year to three, applying the full progressive scale in year one, two-thirds in year two and one-third in year three. For purchasers with one or more outstanding housing loans, the loan-to-value limit fell from 80% to 70% and the minimum cash payment rose from 5% to 10% of the valuation limit.

In brief

In brief

  • 7 GLS site awards were recorded in the before window and 16 in the after window.

What changed

No policy matrix is recorded for this event. These are its verified claims that store a before and an after value.

As recorded in the claimBeforeAfterChangeSource
SSD holding period, extended from one yearyears13+200%Claim 1
Minimum cash payment for affected borrowers, from 5%5%10%+5 ptsClaim 3
LTV for borrowers with outstanding housing loans, from 80%80%70%−10 ptsClaim 2

Observed around this event

View linked outcomes

The same statistic over the 90 days before and after the anchor. Figures describe what was recorded in each window; they do not attribute a change to this event.

Singapore private residential transactions, all types of sale

units · Total over whole quarterly periods inside each 90-day window

Before

None

Coverage 0/90 days

After

None

Coverage 0/90 days

Difference

Not stated

No whole quarterly period of this series falls inside either window, so no comparison is stated. A longer window may contain one.

Provenance
Source
Urban Redevelopment Authority
Series kind
FLOW
Basis
Observation periods wholly inside each window, values as originally recorded.
Origin
Calculated (sum of published period values)
Shown because
Mapped to this kind of event

Private Residential Property Price Index, All Residential

index (2009Q1=100) · Value in the latest whole quarterly period inside each 90-day window

Before

None

Coverage 0/90 days

After

None

Coverage 0/90 days

Difference

Not stated

No whole quarterly period of this series falls inside either window, so no comparison is stated. A longer window may contain one.

Provenance
Source
Urban Redevelopment Authority
Series kind
INDEX
Basis
Observation periods wholly inside each window, values as originally recorded.
Origin
Source fact (latest whole period)
Shown because
Mapped to this kind of event

HDB Resale Price Index

index (2009Q1=100) · Value in the latest whole quarterly period inside each 90-day window

Before

None

Coverage 0/90 days

After

None

Coverage 0/90 days

Difference

Not stated

No whole quarterly period of this series falls inside either window, so no comparison is stated. A longer window may contain one.

Provenance
Source
Housing & Development Board
Series kind
INDEX
Basis
Observation periods wholly inside each window, values as originally recorded.
Origin
Source fact (latest whole period)
Shown because
Mapped to this kind of event

URA Private Residential Property Price Index, all residential properties, level (1Q2009 = 100)

index

Comparison unavailable: series aggregation type is unresolved.

Provenance
Source
Urban Redevelopment Authority
Series kind
Unresolved (not recorded)
Basis
Observation periods wholly inside each window, values as originally recorded.
Origin
Unresolved
Shown because
Cited by this event's own outcomes

Concurrent planning and land activity

Land sales and other archive events dated inside the windows, listed by date only. Each land-sales line shows the site as the record stood on that day.

Before the effective date

27 lines

27 land-sales steps (7 awards) · 0 archive events

From the effective date

45 lines

44 land-sales steps (16 awards) · 1 archive event

Explore concurrent events

Before (27)

  1. 2 June 2010 · Land sales

    Upper Serangoon Road / Pheng Geck Avenue: Tender closed

    Residential · status on 2 June 2010: Tender closed, award pending

  2. 8 June 2010 · Land sales

    Sembawang Road / Canberra Drive: Tender closed

    Strata Landed or Condominium / Flats · status on 8 June 2010: Tender closed, award pending

  3. 11 June 2010 · Land sales

    Sembawang Road / Canberra Drive: Awarded

    Strata Landed or Condominium / Flats · status on 11 June 2010: Awarded · awarded to MCC Land (Singapore) Pte Ltd at S$131,700,000

  4. 15 June 2010 · Land sales

    Punggol Field / Punggol Road: Tender closed

    Executive Condominium housing · status on 15 June 2010: Tender closed, award pending

  5. 15 June 2010 · Land sales

    Ubi Road 1: Launched for tender

    Business 1 · status on 15 June 2010: Tender open

  6. 15 June 2010 · Land sales

    Upper Serangoon Road / Pheng Geck Avenue: Awarded

    Residential · status on 15 June 2010: Awarded · awarded to Qingdao Construction (Singapore) Pte Ltd at S$113,737,000

  7. 17 June 2010 · Land sales

    Punggol Field / Punggol Road: Awarded

    Executive Condominium housing · status on 17 June 2010: Awarded · awarded to ChoiceHomes Investments Pte Ltd / CEL Development Pte Ltd at S$223,740,000

  8. 18 June 2010 · Land sales

    Yishun Ave 2 / Ave 7 / Canberra Drive: Tender closed

    Condominium or Flats · status on 18 June 2010: Tender closed, award pending

  9. 23 June 2010 · Land sales

    Tampines Avenue 5 / Tampines Central 8: Launched for tender

    Design, Build and Sell Scheme public housing · status on 23 June 2010: Tender open

  10. 23 June 2010 · Land sales

    Yishun Ave 2 / Ave 7 / Canberra Drive: Awarded

    Condominium or Flats · status on 23 June 2010: Awarded · awarded to Nam Hee Contractor Pte Ltd. and FCL Topaz Pte. Ltd. at S$229,400,000

  11. 24 June 2010 · Land sales

    Jurong Gateway Road: Tender closed

    White (Commercial / Hotel / Residential) · status on 24 June 2010: Tender closed, award pending

  12. 28 June 2010 · Land sales

    Clemenceau Avenue / Havelock Road: Launched for tender

    Hotel · status on 28 June 2010: Tender open

  13. 28 June 2010 · Land sales

    Jurong Gateway Road: Awarded

    White (Commercial / Hotel / Residential) · status on 28 June 2010: Awarded · awarded to Lend Lease Retail Investments 3 Pte. Ltd. and Lend Lease Commercial Investments Pte. Ltd. at S$748,888,000

  14. 2 July 2010 · Land sales

    Miltonia Close: Launched for tender

    Strata Landed or Condominium / Flats · status on 2 July 2010: Tender open

  15. 2 July 2010 · Land sales

    New Upper Changi Road / Bedok North Drive: Launched for tender

    Mixed commercial and residential · status on 2 July 2010: Tender open

  16. 19 July 2010 · Land sales

    Kaki Bukit Avenue 4: Launched for tender

    Business 2 · status on 19 July 2010: Tender open

  17. 20 July 2010 · Land sales

    Jalan Eunos: Launched for tender

    Residential · status on 20 July 2010: Tender open

  18. 30 July 2010 · Land sales

    Peck Seah Street / Choon Guan Street: Launched for tender

    White (Commercial / Hotel / Residential) · status on 30 July 2010: Tender open

  19. 3 August 2010 · Land sales

    Tampines Avenue 5 / Tampines Central 8: Tender closed

    Design, Build and Sell Scheme public housing · status on 3 August 2010: Tender closed, award pending

  20. 5 August 2010 · Land sales

    Punggol Drive / Punggol East: Launched for tender

    Executive Condominium housing · status on 5 August 2010: Tender open

  21. 5 August 2010 · Land sales

    Pasir Ris Drive 3 / Pasir Ris Drive 4: Launched for tender

    Condominium or Flats · status on 5 August 2010: Tender open

  22. 5 August 2010 · Land sales

    Hougang Avenue 7: Launched for tender

    Condominium or Flats · status on 5 August 2010: Tender open

  23. 6 August 2010 · Land sales

    Tampines Avenue 5 / Tampines Central 8: Awarded

    Design, Build and Sell Scheme public housing · status on 6 August 2010: Awarded · awarded to Sim Lian Land Pte Ltd at S$178,128,000

  24. 11 August 2010 · Land sales

    Ubi Road 1: Tender closed

    Business 1 · status on 11 August 2010: Tender closed, award pending

  25. 17 August 2010 · Land sales

    Ubi Road 1: Awarded

    Business 1 · status on 17 August 2010: Awarded · awarded to Oxley Rising Pte Ltd at S$158,100,000

  26. 18 August 2010 · Land sales

    Stamford Road / North Bridge Road: Tender closed

    Commercial · status on 18 August 2010: Tender closed, award pending

  27. 24 August 2010 · Land sales

    Miltonia Close: Tender closed

    Strata Landed or Condominium / Flats · status on 24 August 2010: Tender closed, award pending

After (45)

  1. 31 August 2010 · Land sales

    Petir Road: Launched for tender

    Residential · status on 31 August 2010: Tender open

  2. 31 August 2010 · Land sales

    Clemenceau Avenue / Havelock Road: Tender closed

    Hotel · status on 31 August 2010: Tender closed, award pending

  3. 1 September 2010 · Land sales

    New Upper Changi Road / Bedok North Drive: Tender closed

    Mixed commercial and residential · status on 1 September 2010: Tender closed, award pending

  4. 2 September 2010 · Land sales

    Miltonia Close: Awarded

    Strata Landed or Condominium / Flats · status on 2 September 2010: Awarded · awarded to Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd at S$165,000,000

  5. 3 September 2010 · Land sales

    Clemenceau Avenue / Havelock Road: Awarded

    Hotel · status on 3 September 2010: Awarded · awarded to RB Capital Hotels Pte. Ltd. at S$101,113,000

  6. 6 September 2010 · Land sales

    New Upper Changi Road / Bedok North Drive: Awarded

    Mixed commercial and residential · status on 6 September 2010: Awarded · awarded to Brilliance Residential (1) Pte. Ltd. and Brilliance Trustee Pte. Ltd. at S$788,888,888

  7. 7 September 2010 · Land sales

    Jalan Eunos: Tender closed

    Residential · status on 7 September 2010: Tender closed, award pending

  8. 8 September 2010 · Land sales

    Pasir Ris Drive 1 / Elias Road: Launched for tender

    Executive Condominium housing · status on 8 September 2010: Tender open

  9. 8 September 2010 · Land sales

    Jalan Eunos: Awarded

    Residential · status on 8 September 2010: Awarded · awarded to Tuas Technology Park Pte Ltd & OPH Marymount Limited at S$257,777,000

  10. 14 September 2010 · Land sales

    Bedok Reservoir Crescent: Launched for tender

    Design, Build and Sell Scheme public housing · status on 14 September 2010: Tender open

  11. 14 September 2010 · Land sales

    Kaki Bukit Avenue 4: Tender closed

    Business 2 · status on 14 September 2010: Tender closed, award pending

  12. 17 September 2010 · Land sales

    Hougang Avenue 7: Tender closed

    Condominium or Flats · status on 17 September 2010: Tender closed, award pending

  13. 17 September 2010 · Land sales

    Kaki Bukit Avenue 4: Awarded

    Business 2 · status on 17 September 2010: Awarded · awarded to Wee Hur Development Pte Ltd at S$76,800,000

  14. 21 September 2010 · Land sales

    Hougang Avenue 7: Awarded

    Condominium or Flats · status on 21 September 2010: Awarded · awarded to Sim Lian Land Pte Ltd at S$160,000,000

  15. 22 September 2010 · Land sales

    Upper Serangoon View: Launched for tender

    Condominium or Flats · status on 22 September 2010: Tender open

  16. 22 September 2010 · Land sales

    Woodgrove Avenue: Launched for tender

    Strata Landed or Condominium / Flats · status on 22 September 2010: Tender open

  17. 23 September 2010 · Land sales

    Punggol Drive / Punggol East: Tender closed

    Executive Condominium housing · status on 23 September 2010: Tender closed, award pending

  18. 27 September 2010 · Land sales

    Punggol Drive / Punggol East: Awarded

    Executive Condominium housing · status on 27 September 2010: Awarded · awarded to Qingdao Construction (Singapore) Pte Ltd at S$136,170,000

  19. 30 September 2010 · Land sales

    Pasir Ris Drive 3 / Pasir Ris Drive 4: Tender closed

    Condominium or Flats · status on 30 September 2010: Tender closed, award pending

  20. 6 October 2010 · Land sales

    Segar Road: Launched for tender

    Executive Condominium housing · status on 6 October 2010: Tender open

  21. 6 October 2010 · Land sales

    Tampines Avenue 8: Launched for tender

    Executive Condominium housing · status on 6 October 2010: Tender open

  22. 6 October 2010 · Land sales

    Pasir Ris Drive 3 / Pasir Ris Drive 4: Awarded

    Condominium or Flats · status on 6 October 2010: Awarded · awarded to FCL Topaz Pte. Ltd. And F.E. Lakeside Pte. Ltd. at S$151,380,000

  23. 7 October 2010 · Land sales

    Petir Road: Tender closed

    Residential · status on 7 October 2010: Tender closed, award pending

  24. 11 October 2010 · Land sales

    Petir Road: Awarded

    Residential · status on 11 October 2010: Awarded · awarded to Wincheer Investment Pte. Ltd. at S$177,396,000

  25. 12 October 2010 · Land sales

    Upper Serangoon Road: Launched for tender

    Design, Build and Sell Scheme public housing · status on 12 October 2010: Tender open

  26. 21 October 2010 · Land sales

    Pasir Ris Drive 1 / Elias Road: Tender closed

    Executive Condominium housing · status on 21 October 2010: Tender closed, award pending

  27. 25 October 2010 · Land sales

    Pasir Ris Drive 1 / Elias Road: Awarded

    Executive Condominium housing · status on 25 October 2010: Awarded · awarded to ChoiceHomes Investments Pte Ltd / CEL Development Pte Ltd at S$89,888,000

  28. 26 October 2010 · Land sales

    Seletar Road: Launched for tender

    Residential · status on 26 October 2010: Tender open

  29. 26 October 2010 · Land sales

    Punggol Central / Punggol Walk: Launched for tender

    Residential · status on 26 October 2010: Tender open

  30. 27 October 2010 · Land sales

    Stamford Road / North Bridge Road: Awarded

    Commercial · status on 27 October 2010: Awarded · awarded to Capitol Retail Management Pte. Ltd. (as trustee-manager of Capitol Retail Trust), Capitol Hotel Management Pte. Ltd. (as trustee-manager of Capitol Hotel Trust) & Capitol Residential Development Pte. Ltd. at S$250,000,000

  31. 2 November 2010 · Land sales

    Bedok Reservoir Crescent: Tender closed

    Design, Build and Sell Scheme public housing · status on 2 November 2010: Tender closed, award pending

  32. 2 November 2010 · Land sales

    Robinson Road / Boon Tat Street: Launched for tender

    Hotel · status on 2 November 2010: Tender open

  33. 3 November 2010 · Land sales

    Pioneer Road North / Soon Lee Street: Launched for tender

    Business 2 · status on 3 November 2010: Tender open

  34. 4 November 2010 · Land sales

    Bedok Reservoir Crescent: Awarded

    Design, Build and Sell Scheme public housing · status on 4 November 2010: Awarded · awarded to CEL Development Pte Ltd at S$112,688,000

  35. 4 November 2010 · Land sales

    Woodgrove Avenue: Tender closed

    Strata Landed or Condominium / Flats · status on 4 November 2010: Tender closed, award pending

  36. 9 November 2010 · Land sales

    Upper Serangoon View: Tender closed

    Condominium or Flats · status on 9 November 2010: Tender closed, award pending

  37. 10 November 2010 · Land sales

    Woodgrove Avenue: Awarded

    Strata Landed or Condominium / Flats · status on 10 November 2010: Awarded · awarded to Tampines Court Pte. Ltd at S$105,120,000

  38. 12 November 2010 · Land sales

    Upper Serangoon View: Awarded

    Condominium or Flats · status on 12 November 2010: Awarded · awarded to FCL Topaz Pte. Ltd, Far East Civil Engineering (Pte.) Limited & Sekisui House, Ltd. at S$156,800,000

  39. 15 November 2010 · Land sales

    Gopeng Street / Peck Seah Street: Launched for tender

    Hotel · status on 15 November 2010: Tender open

  40. 16 November 2010 · Land sales

    Yuan Ching Road: Launched for tender

    Design, Build and Sell Scheme public housing · status on 16 November 2010: Tender open

  41. 16 November 2010 · Land sales

    Peck Seah Street / Choon Guan Street: Tender closed

    White (Commercial / Hotel / Residential) · status on 16 November 2010: Tender closed, award pending

  42. 22 November 2010 · Land sales

    Peck Seah Street / Choon Guan Street: Awarded

    White (Commercial / Hotel / Residential) · status on 22 November 2010: Awarded · awarded to Perfect Eagle Pte. Ltd., Guston Pte. Ltd. And Belmeth Pte. Ltd. at S$1,708,080,000

  43. 22 November 2010 · Archive event

    Singapore lets the Controller of Residential Property charge housing developers for extensions of time

    Announced 22 November 2010

  44. 23 November 2010 · Land sales

    Tampines Avenue 8: Tender closed

    Executive Condominium housing · status on 23 November 2010: Tender closed, award pending

  45. 25 November 2010 · Land sales

    Tampines Avenue 8: Awarded

    Executive Condominium housing · status on 25 November 2010: Awarded · awarded to Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd & SC Wong Holdings Pte Ltd at S$187,590,000

Methodology5 rules
  • Comparison anchored to effective date: 30 August 2010. The anchor is the effective date where one is recorded, otherwise the announcement date.
  • The windows are the same number of days on each side of the anchor, and the anchor day belongs to the after window.
  • A series counts toward a window only for observation periods wholly inside it, with values as originally recorded, not as later revised.
  • Where no whole period falls inside a window, no value and no difference is stated; a day no whole period covers is missing, never zero.
  • Concurrent land sales and archive events are listed by date alone. Nothing on this page is attributed to the event.

Sources

The event's sources (3)

Primary sources3
  • Measures to Maintain a Stable and Sustainable Property Market. Joint press release, Ministry of National Development, Ministry of Finance and Monetary Authority of Singapore, 30 August 2010, with footnotes 1, 5 and 7.

    Ministry of National Development · Primary source · Published 30 August 2010

    Open original source

  • HDB Resale Price Index, quarterly official dataset, 1990-Q1 to 2026-Q2. Retrieved 14 August 2026 via the data.gov.sg datastore API. Final index values, not flash estimates.

    Housing & Development Board · Primary source · Published 14 August 2026

    Open original source

  • URA Private Residential Property Price Index By Type Of Property, quarterly, base 1Q2009 = 100. SingStat TableBuilder table M212261, Residential Properties series, 206 quarters 1975-Q1 to 2026-Q2. Retrieved 14 August 2026 via the open TableBuilder API.

    Urban Redevelopment Authority · Primary source · Published 14 August 2026

    Open original source

Event checked against its primary sources on 14 August 2026. Each claim keeps its own verification status.

Observed series come from the published statistics named on each card. Land-sales lines link to the site record and its releases.