Policy before and after · Macroprudential

Event

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 record Compare with another policy Create research brief

Comparison window

Comparison anchored to effective date: 30 August 2010. Before: 31 July 2010 to 29 August 2010. After: 30 August 2010 to 28 September 2010. The same 30 days on each side; the anchor day counts as after.

Before · 31 Jul 2010 to 29 Aug 2010

2 land-sales awards

9 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 28 Sep 2010

7 land-sales awards

18 land-sales steps in all
All 30 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.
2 land-sales awards in the 30 days before the effective date, and 7 in the 30 observable days after.
None of the 4 tracked series has a whole period on both sides of a 30-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

2 GLS site awards were recorded in the before window and 7 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 claim	Before	After	Change	Source
SSD holding period, extended from one yearyears	1	3	+200%	Claim 1
Minimum cash payment for affected borrowers, from 5%	5%	10%	+5 pts	Claim 3
LTV for borrowers with outstanding housing loans, from 80%	80%	70%	−10 pts	Claim 2

Observed around this event

View linked outcomes

The same statistic over the 30 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 periodic periods inside each 30-day window

Before

None

Coverage 0/30 days

After

None

Coverage 0/30 days

Difference

Not stated

No whole periodic 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 periodic period inside each 30-day window

Before

None

Coverage 0/30 days

After

None

Coverage 0/30 days

Difference

Not stated

No whole periodic 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 periodic period inside each 30-day window

Before

None

Coverage 0/30 days

After

None

Coverage 0/30 days

Difference

Not stated

No whole periodic 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

9 lines

9 land-sales steps (2 awards) · 0 archive events

From the effective date

18 lines

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

Explore concurrent events

Before (9)

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
5 August 2010 · Land sales
Punggol Drive / Punggol East: Launched for tender
Executive Condominium housing · status on 5 August 2010: Tender open
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
5 August 2010 · Land sales
Hougang Avenue 7: Launched for tender
Condominium or Flats · status on 5 August 2010: Tender open
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
11 August 2010 · Land sales
Ubi Road 1: Tender closed
Business 1 · status on 11 August 2010: Tender closed, award pending
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
18 August 2010 · Land sales
Stamford Road / North Bridge Road: Tender closed
Commercial · status on 18 August 2010: Tender closed, award pending
24 August 2010 · Land sales
Miltonia Close: Tender closed
Strata Landed or Condominium / Flats · status on 24 August 2010: Tender closed, award pending

After (18)

31 August 2010 · Land sales
Petir Road: Launched for tender
Residential · status on 31 August 2010: Tender open
31 August 2010 · Land sales
Clemenceau Avenue / Havelock Road: Tender closed
Hotel · status on 31 August 2010: Tender closed, award pending
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
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
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 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 September 2010 · Land sales
Jalan Eunos: Tender closed
Residential · status on 7 September 2010: Tender closed, award pending
8 September 2010 · Land sales
Pasir Ris Drive 1 / Elias Road: Launched for tender
Executive Condominium housing · status on 8 September 2010: Tender open
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
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
14 September 2010 · Land sales
Kaki Bukit Avenue 4: Tender closed
Business 2 · status on 14 September 2010: Tender closed, award pending
17 September 2010 · Land sales
Hougang Avenue 7: Tender closed
Condominium or Flats · status on 17 September 2010: Tender closed, award pending
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
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
22 September 2010 · Land sales
Upper Serangoon View: Launched for tender
Condominium or Flats · status on 22 September 2010: Tender open
22 September 2010 · Land sales
Woodgrove Avenue: Launched for tender
Strata Landed or Condominium / Flats · status on 22 September 2010: Tender open
23 September 2010 · Land sales
Punggol Drive / Punggol East: Tender closed
Executive Condominium housing · status on 23 September 2010: Tender closed, award pending
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

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.