Policy before and after · Macroprudential

Event

Singapore raises ABSD, tightens housing finance and extends cooling measures to public housing, executive condominiums and industrial property

Announced 11 January 2013 · Effective 12 January 2013

Read the full event record Compare with another policy Create research brief

Comparison window

Comparison anchored to effective date: 12 January 2013. Before: 13 January 2012 to 11 January 2013. After: 12 January 2013 to 11 January 2014. The same 365 days on each side; the anchor day counts as after.

Before · 13 Jan 2012 to 11 Jan 2013

46 land-sales awards

135 land-sales steps in all
1 other archive event
Singapore private residential transactions, all types of sale: 28,685 (Q4 2012)

The event

Announced 11 Jan 2013

Effective 12 Jan 2013

The effective date is the anchor.

After · 12 Jan 2013 to 11 Jan 2014

25 land-sales awards

82 land-sales steps in all
All 365 days observable
Singapore private residential transactions, all types of sale: 14,908 (Q4 2013)

What this comparison can and cannot show

Generated from this window's records

Recorded

5 verified claims on this event record a before and an after value.
46 land-sales awards in the 365 days before the effective date, and 25 in the 365 observable days after.
3 of 4 tracked series have a whole period on both sides, so a before and after figure is stated for them.

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: 11 January 2013
Effective: 12 January 2013
Issuing authority: Monetary Authority of Singapore, Ministry of National Development, Ministry of Finance, Housing & Development Board
Category: Macroprudential
Affected market: Private residential property, HDB flats, executive condominiums and industrial property. Buyer stamp duties, housing-loan limits, mortgage servicing, public-housing ownership and subletting, EC development and sales rules, and industrial seller stamp duty.
Primary source: Additional Measures to Ensure a Stable and Sustainable Property Market. Joint press release, Ministry of Finance, Ministry of National Development, Monetary Authority of Singapore and Ministry of Trade and Industry, 11 January 2013, complete with Annex I on ABSD, Annex II on LTV and cash, Annex III on public housing and Annex IV on lease-dependent CPF and HDB loan rules.

On 11 January 2013 Singapore raised Additional Buyer's Stamp Duty on every group already subject to it and extended it to Permanent Residents buying a first residential property and citizens buying a second, reduced loan-to-value limits and raised the minimum cash payment from 10% to 25% for borrowers with an outstanding housing loan, introduced a 30% Mortgage Servicing Ratio for financial-institution loans used to buy HDB flats, cut the HDB concessionary-loan MSR from 40% to 35%, restricted Permanent Resident subletting and ownership of HDB flats, tightened executive condominium rules, and introduced Seller's Stamp Duty on industrial property for the first time.

In brief

Singapore private residential transactions, all types of sale totalled 28,685 in the whole periods inside the 365 days before the effective date (Q2 2012, Q3 2012, Q4 2012) and 14,908 in those inside the 365 days after (Q2 2013, Q3 2013, Q4 2013).
Private Residential Property Price Index, All Residential was 151.5 in Q4 2012, the latest whole period before the effective date, and 153.2 in Q4 2013, the latest whole period in the 365 days after.
46 GLS site awards were recorded in the before window and 25 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
Minimum cash for a second or subsequent housing loan, raised from 10%.	10%	25%	+15 pts	Claim 3
ABSD on foreign and entity purchases, raised from 10%.	10%	15%	+5 pts	Claim 2
Loan-to-value limits were reduced for borrowers with outstanding housing loans: second housing loan from 60% to 50%, third or subsequent from 60% to 40%, and non-individual borrowers from 40% to 20%.	40%	20%	−20 pts	Claim 6
HDB reduced the Mortgage Servicing Ratio for its concessionary loans from 40% to 35%.	40%	35%	−5 pts	Claim 5

View all 5 before-and-after values

ABSD on a citizen's second residential property, previously zero.

+7 pts

Claim 1

Observed around this event

View linked outcomes

The same statistic over the 365 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 365-day window

Before

28,685

Q2 2012, Q3 2012, Q4 2012

Coverage 275/365 days

After

14,908

Q2 2013, Q3 2013, Q4 2013

Coverage 275/365 days

Difference

-13,777

-48%

Qualified: whole periods cover 275/365 days before and 275/365 days after. Days outside a whole period are not counted and are not treated as zero.

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 365-day window

Before

151.5

Q2 2012, Q3 2012, Q4 2012

Coverage 275/365 days

After

153.2

Q2 2013, Q3 2013, Q4 2013

Coverage 275/365 days

Difference

+1.7

+1.1%

Qualified: whole periods cover 275/365 days before and 275/365 days after. Days outside a whole period are not counted and are not treated as zero.

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 365-day window

Before

146.7

Q2 2012, Q3 2012, Q4 2012

Coverage 275/365 days

After

145.8

Q2 2013, Q3 2013, Q4 2013

Coverage 275/365 days

Difference

-0.9

-0.6%

Qualified: whole periods cover 275/365 days before and 275/365 days after. Days outside a whole period are not counted and are not treated as zero.

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

136 lines

135 land-sales steps (46 awards) · 1 archive event

From the effective date

86 lines

82 land-sales steps (25 awards) · 4 archive events

Explore concurrent events

Before (136)

16 January 2012 · Land sales
Jalan Lempeng: Awarded
Condominium or Flats · status on 16 January 2012: Awarded · awarded to Multi Wealth (Singapore) Pte Ltd at S$408,000,800
16 January 2012 · Land sales
Mount Vernon Road: Awarded
Residential · status on 16 January 2012: Awarded · awarded to Intrepid Investments Pte Ltd, Sunmaster Holdings Pte. Ltd. and TID Residential Pte. Ltd. at S$388,106,106
17 January 2012 · Land sales
Sengkang West Avenue / Fernvale Road: Tender closed
Commercial · status on 17 January 2012: Tender closed, award pending
18 January 2012 · Land sales
Kovan Road / Simon Road: Tender closed
Residential · status on 18 January 2012: Tender closed, award pending
19 January 2012 · Land sales
Upper Serangoon View / Upper Serangoon Road: Launched for tender
Executive Condominium housing · status on 19 January 2012: Tender open
19 January 2012 · Land sales
Hillview Avenue: Launched for tender
Residential · status on 19 January 2012: Tender open
20 January 2012 · Land sales
Sengkang West Avenue / Fernvale Road: Awarded
Commercial · status on 20 January 2012: Awarded · awarded to Earth Holdings Pte. Ltd. at S$328,000,000
26 January 2012 · Land sales
Kovan Road / Simon Road: Awarded
Residential · status on 26 January 2012: Awarded · awarded to Hoi Hup Realty Pte Ltd, Investment Focus Pte Ltd and Oriental Worldwide Investments Inc at S$194,600,000
2 February 2012 · Land sales
Jervois Road: Tender closed
Residential · status on 2 February 2012: Tender closed, award pending
8 February 2012 · Land sales
Jervois Road: Awarded
Residential · status on 8 February 2012: Awarded · awarded to S.L. Development Pte. Limited at S$118,900,000
9 February 2012 · Land sales
Bedok South Avenue 3: Tender closed
Residential · status on 9 February 2012: Tender closed, award pending
14 February 2012 · Land sales
Bedok South Avenue 3: Awarded
Residential · status on 14 February 2012: Awarded · awarded to F.E. Lakeside Pte. Ltd., FCL Topaz Pte. Ltd. and Sekisui House Singapore Pte. Ltd. at S$345,900,000
15 February 2012 · Land sales
Fernvale Lane: Launched for tender
Executive Condominium housing · status on 15 February 2012: Tender open
15 February 2012 · Land sales
Punggol Central / Edgefield Plains: Launched for tender
Executive Condominium housing · status on 15 February 2012: Tender open
15 February 2012 · Land sales
Elias Road / Pasir Ris Drive 3: Launched for tender
Strata Landed or Condominium / Flats · status on 15 February 2012: Tender open
16 February 2012 · Land sales
Rangoon Road / Farrer Park Station Road: Launched for tender
Hotel · status on 16 February 2012: Tender open
16 February 2012 · Land sales
Sims Drive / Aljunied Road: Launched for tender
Business 1 · status on 16 February 2012: Tender open
1 March 2012 · Land sales
Upper Serangoon View / Upper Serangoon Road: Tender closed
Executive Condominium housing · status on 1 March 2012: Tender closed, award pending
6 March 2012 · Land sales
Upper Serangoon View / Upper Serangoon Road: Awarded
Executive Condominium housing · status on 6 March 2012: Awarded · awarded to Ho Lee Group Pte Ltd & Evia Real Estate Management Pte Ltd at S$141,480,000
6 March 2012 · Land sales
Hillview Avenue: Tender closed
Residential · status on 6 March 2012: Tender closed, award pending
7 March 2012 · Land sales
Hillview Avenue: Awarded
Residential · status on 7 March 2012: Awarded · awarded to Kingsford Development Pte Ltd at S$243,216,999
15 March 2012 · Land sales
Tampines Central 7 / Tampines Avenue 7 / Tampines Avenue 9: Launched for tender
Executive Condominium housing · status on 15 March 2012: Tender open
15 March 2012 · Land sales
Woodlands Avenue 5 / Woodlands Drive 16: Launched for tender
Executive Condominium housing · status on 15 March 2012: Tender open
28 March 2012 · Land sales
Tampines Avenue 10: Launched for tender
Residential · status on 28 March 2012: Tender open
29 March 2012 · Land sales
Punggol Central / Edgefield Plains: Tender closed
Executive Condominium housing · status on 29 March 2012: Tender closed, award pending
2 April 2012 · Land sales
Punggol Central / Edgefield Plains: Awarded
Executive Condominium housing · status on 2 April 2012: Awarded · awarded to Qingjian Realty (South Pacific) Group Pte Ltd at S$136,700,000
3 April 2012 · Land sales
Fernvale Lane: Tender closed
Executive Condominium housing · status on 3 April 2012: Tender closed, award pending
5 April 2012 · Land sales
Fernvale Lane: Awarded
Executive Condominium housing · status on 5 April 2012: Awarded · awarded to Peak Living Pte Ltd at S$245,000,000
10 April 2012 · Land sales
Sims Drive / Aljunied Road: Tender closed
Business 1 · status on 10 April 2012: Tender closed, award pending
11 April 2012 · Land sales
Elias Road / Pasir Ris Drive 3: Tender closed
Strata Landed or Condominium / Flats · status on 11 April 2012: Tender closed, award pending
12 April 2012 · Land sales
Sims Drive / Aljunied Road: Awarded
Business 1 · status on 12 April 2012: Awarded · awarded to Fragrance Biz Space Pte. Ltd. at S$43,388,100
13 April 2012 · Land sales
Elias Road / Pasir Ris Drive 3: Awarded
Strata Landed or Condominium / Flats · status on 13 April 2012: Awarded · awarded to Elitist Development Pte Ltd at S$165,888,333
16 April 2012 · Land sales
Sengkang Square / Compassvale Drive: Launched for tender
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 16 April 2012: Tender open
16 April 2012 · Land sales
Buangkok Drive / Sengkang Central: Launched for tender
Residential · status on 16 April 2012: Tender open
16 April 2012 · Land sales
Pasir Ris Drive 3: Launched for tender
Residential · status on 16 April 2012: Tender open
17 April 2012 · Land sales
Rangoon Road / Farrer Park Station Road: Tender closed
Hotel · status on 17 April 2012: Tender closed, award pending
19 April 2012 · Land sales
Kaki Bukit Road 5 / Kaki Bukit Avenue 6: Launched for tender
Business 2 · status on 19 April 2012: Tender open
23 April 2012 · Land sales
Rangoon Road / Farrer Park Station Road: Awarded
Hotel · status on 23 April 2012: Awarded · awarded to RB Capital Robertson City Pte. Ltd. and RB Capital Farrer Pte. Ltd. at S$151,005,000
30 April 2012 · Land sales
Boon Lay Way: Launched for tender
Residential · status on 30 April 2012: Tender open
3 May 2012 · Land sales
Woodlands Avenue 5 / Woodlands Drive 16: Tender closed
Executive Condominium housing · status on 3 May 2012: Tender closed, award pending
7 May 2012 · Land sales
Woodlands Avenue 5 / Woodlands Drive 16: Awarded
Executive Condominium housing · status on 7 May 2012: Awarded · awarded to Hao Yuan Investment Pte Ltd at S$247,000,000
10 May 2012 · Land sales
Tampines Central 7 / Tampines Avenue 7 / Tampines Avenue 9: Tender closed
Executive Condominium housing · status on 10 May 2012: Tender closed, award pending
14 May 2012 · Land sales
Tampines Central 7 / Tampines Avenue 7 / Tampines Avenue 9: Awarded
Executive Condominium housing · status on 14 May 2012: Awarded · awarded to Singxpress Property Development Pte Ltd, Creative Investments Pte Ltd and Kay Lim Realty Pte Ltd at S$233,525,655
15 May 2012 · Land sales
Pheng Geck Avenue / Tai Thong Crescent: Launched for tender
Residential · status on 15 May 2012: Tender open
17 May 2012 · Land sales
Tampines Avenue 10: Tender closed
Residential · status on 17 May 2012: Tender closed, award pending
21 May 2012 · Land sales
Tampines Avenue 10: Awarded
Residential · status on 21 May 2012: Awarded · awarded to F.E. Lakeside Pte. Ltd., FCL Topaz Pte. Ltd. and Sekisui House, Ltd. at S$252,777,000
24 May 2012 · Land sales
Farrer Drive: Launched for tender
Residential · status on 24 May 2012: Tender open
29 May 2012 · Land sales
Boon Lay Way: Tender closed
Residential · status on 29 May 2012: Tender closed, award pending
31 May 2012 · Land sales
Sengkang Square / Compassvale Drive: Tender closed
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 31 May 2012: Tender closed, award pending
31 May 2012 · Land sales
Boon Lay Way: Awarded
Residential · status on 31 May 2012: Awarded · awarded to MCL Land Limited at S$369,388,000
5 June 2012 · Land sales
Pasir Ris Drive 3: Tender closed
Residential · status on 5 June 2012: Tender closed, award pending
6 June 2012 · Land sales
Sengkang Square / Compassvale Drive: Awarded
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 6 June 2012: Awarded · awarded to EL Development Pte Ltd at S$383,333,000
11 June 2012 · Land sales
Pasir Ris Drive 3: Awarded
Residential · status on 11 June 2012: Awarded · awarded to Capital Development Pte. Ltd. at S$210,999,000
12 June 2012 · Land sales
Buangkok Drive / Sengkang Central: Tender closed
Residential · status on 12 June 2012: Tender closed, award pending
14 June 2012 · Land sales
Kaki Bukit Road 5 / Kaki Bukit Avenue 6: Tender closed
Business 2 · status on 14 June 2012: Tender closed, award pending
15 June 2012 · Land sales
Buangkok Drive / Sengkang Central: Awarded
Residential · status on 15 June 2012: Awarded · awarded to White Haven Properties Pte. Ltd. at S$301,000,000
19 June 2012 · Land sales
Kaki Bukit Road 5 / Kaki Bukit Avenue 6: Awarded
Business 2 · status on 19 June 2012: Awarded · awarded to Hock Lian Seng Holdings Limited at S$27,303,784
20 June 2012 · Land sales
Bright Hill Drive: Launched for tender
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 20 June 2012: Tender open
20 June 2012 · Land sales
Tanah Merah Kechil Road: Launched for tender
Residential · status on 20 June 2012: Tender open
21 June 2012 · Land sales
Farrer Drive: Tender closed
Residential · status on 21 June 2012: Tender closed, award pending
27 June 2012 · Land sales
Yishun Avenue 9 / Yishun Industrial Street 1: Launched for tender
Business 1 · status on 27 June 2012: Tender open
27 June 2012 · Land sales
Bukit Batok Street 23: Launched for tender
Business 1 · status on 27 June 2012: Tender open
27 June 2012 · Land sales
Farrer Drive: Awarded
Residential · status on 27 June 2012: Awarded · awarded to Singland Development Pte. Ltd. at S$113,200,000
28 June 2012 · Land sales
Pheng Geck Avenue / Tai Thong Crescent: Tender closed
Residential · status on 28 June 2012: Tender closed, award pending
4 July 2012 · Land sales
Pheng Geck Avenue / Tai Thong Crescent: Awarded
Residential · status on 4 July 2012: Awarded · awarded to Santarli Corporation Pte Ltd at S$114,800,000
23 July 2012 · Land sales
Punggol Way / Punggol Walk: Launched for tender
Executive Condominium housing · status on 23 July 2012: Tender open
23 July 2012 · Land sales
Dairy Farm Road: Launched for tender
Residential · status on 23 July 2012: Tender open
30 July 2012 · Land sales
Pheng Geck Avenue / Tai Thong Crescent: Launched for tender
Residential with Commercial at 1st storey · status on 30 July 2012: Tender open
30 July 2012 · Land sales
Farrer Road: Launched for tender
Residential · status on 30 July 2012: Tender open
31 July 2012 · Land sales
Tanah Merah Kechil Road: Tender closed
Residential · status on 31 July 2012: Tender closed, award pending
6 August 2012 · Land sales
Tanah Merah Kechil Road: Awarded
Residential · status on 6 August 2012: Awarded · awarded to Fragrance Group Limited and World Class Land Pte Ltd at S$285,215,000
7 August 2012 · Land sales
Bright Hill Drive: Tender closed
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 7 August 2012: Tender closed, award pending
10 August 2012 · Land sales
Bright Hill Drive: Awarded
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 10 August 2012: Awarded · awarded to UVD Pte. Ltd. at S$291,500,000
16 August 2012 · Land sales
Victoria Street / Jalan Sultan: Launched for tender
Hotel or Commercial & Residential · status on 16 August 2012: Tender open
22 August 2012 · Land sales
Bukit Batok Street 23: Tender closed
Business 1 · status on 22 August 2012: Tender closed, award pending
23 August 2012 · Land sales
Woodlands Avenue 6 / Woodlands Drive 16: Launched for tender
Executive Condominium housing · status on 23 August 2012: Tender open
23 August 2012 · Land sales
New Upper Changi Road / Bedok Road: Launched for tender
Residential · status on 23 August 2012: Tender open
23 August 2012 · Land sales
Prince Charles Crescent / Prince Charles Square: Launched for tender
Residential · status on 23 August 2012: Tender open
28 August 2012 · Land sales
Farrer Road: Tender closed
Residential · status on 28 August 2012: Tender closed, award pending
29 August 2012 · Land sales
Yishun Avenue 9 / Yishun Industrial Street 1: Launched for tender
Business 1 · status on 29 August 2012: Tender open
29 August 2012 · Land sales
Bukit Batok Street 23: Awarded
Business 1 · status on 29 August 2012: Awarded · awarded to Soilbuild Group Holdings Ltd at S$32,328,000
30 August 2012 · Land sales
Yishun Avenue 9 / Yishun Industrial Street 1: Tender closed
Business 1 · status on 30 August 2012: Tender closed, award pending
3 September 2012 · Land sales
Farrer Road: Awarded
Residential · status on 3 September 2012: Awarded · awarded to Far East Soho Pte. Ltd. at S$45,777,000
4 September 2012 · Land sales
Punggol Way / Punggol Walk: Tender closed
Executive Condominium housing · status on 4 September 2012: Tender closed, award pending
6 September 2012 · Land sales
Punggol Way / Punggol Walk: Awarded
Executive Condominium housing · status on 6 September 2012: Awarded · awarded to Qingjian Realty (South Pacific) Group Pte Ltd at S$189,870,000
6 September 2012 · Land sales
Pheng Geck Avenue / Tai Thong Crescent: Tender closed
Residential with Commercial at 1st storey · status on 6 September 2012: Tender closed, award pending
7 September 2012 · Land sales
Pheng Geck Avenue / Tai Thong Crescent: Awarded
Residential with Commercial at 1st storey · status on 7 September 2012: Awarded · awarded to Verwood Holdings Pte. Ltd. and Intrepid Investments Pte. Ltd. at S$245,000,000
7 September 2012 · Land sales
Yishun Avenue 9 / Yishun Industrial Street 1: Awarded
Business 1 · status on 7 September 2012: Awarded · awarded to Soon Hock Tuas Development Pte. Ltd. at S$51,388,000
18 September 2012 · Land sales
Dairy Farm Road: Tender closed
Residential · status on 18 September 2012: Tender closed, award pending
19 September 2012 · Land sales
Jurong Town Hall Road: Launched for tender
Hotel · status on 19 September 2012: Tender open
19 September 2012 · Land sales
Jalan Jurong Kechil: Launched for tender
Residential (option for retirement housing is allowed) · status on 19 September 2012: Tender open
20 September 2012 · Land sales
Prince Charles Crescent / Prince Charles Square: Tender closed
Residential · status on 20 September 2012: Tender closed, award pending
25 September 2012 · Land sales
Dairy Farm Road: Awarded
Residential · status on 25 September 2012: Awarded · awarded to First Shine Properties Pte Ltd and Meadows Bright Development Pte Ltd at S$244,318,000
25 September 2012 · Land sales
Prince Charles Crescent / Prince Charles Square: Awarded
Residential · status on 25 September 2012: Awarded · awarded to Wingstar Investment Pte. Ltd., Metro Australia Holdings Pte Ltd and Maxdin Pte Ltd at S$516,298,888
26 September 2012 · Land sales
Pasir Ris Drive 3 / Pasir Ris Rise: Launched for tender
Executive Condominium housing · status on 26 September 2012: Tender open
26 September 2012 · Land sales
Sengkang West Way / Fernvale Link (Parcel B): Launched for tender
Executive Condominium housing · status on 26 September 2012: Tender open
26 September 2012 · Land sales
Yishun Avenue 9 / Yishun Industrial Street 1: Tender closed
Business 1 · status on 26 September 2012: Tender closed, award pending
3 October 2012 · Land sales
Yishun Avenue 9 / Yishun Industrial Street 1: Awarded
Business 1 · status on 3 October 2012: Awarded · awarded to Soilbuild Group Holdings Ltd. at S$31,688,000
4 October 2012 · Land sales
Thomson Road / Irrawaddy Road: Launched for tender
White · status on 4 October 2012: Tender open
5 October 2012 · Archive event
MAS caps financial-institution residential loan tenures at 35 years and tightens LTV limits
Announced 5 October 2012
9 October 2012 · Land sales
Woodlands Avenue 6 / Woodlands Drive 16: Tender closed
Executive Condominium housing · status on 9 October 2012: Tender closed, award pending
11 October 2012 · Land sales
Victoria Street / Jalan Sultan: Tender closed
Hotel or Commercial & Residential · status on 11 October 2012: Tender closed, award pending
15 October 2012 · Land sales
Punggol Field Walk / Punggol East: Launched for tender
Executive Condominium housing · status on 15 October 2012: Tender open
15 October 2012 · Land sales
Bishan Street 14: Launched for tender
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 15 October 2012: Tender open
16 October 2012 · Land sales
Woodlands Avenue 6 / Woodlands Drive 16: Awarded
Executive Condominium housing · status on 16 October 2012: Awarded · awarded to Opal Star Pte. Ltd. & Binjai Holdings Pte. Ltd. at S$150,180,000
16 October 2012 · Land sales
New Upper Changi Road / Bedok Road: Tender closed
Residential · status on 16 October 2012: Tender closed, award pending
16 October 2012 · Land sales
Victoria Street / Jalan Sultan: Awarded
Hotel or Commercial & Residential · status on 16 October 2012: Awarded · awarded to Forward Land Pte Ltd at S$331,336,000
22 October 2012 · Land sales
New Upper Changi Road / Bedok Road: Awarded
Residential · status on 22 October 2012: Awarded · awarded to Sherwood Development Pte Ltd at S$434,550,000
30 October 2012 · Land sales
Sembawang Crescent / Sembawang Drive: Launched for tender
Executive Condominium housing · status on 30 October 2012: Tender open
7 November 2012 · Land sales
Alexandra Road / Alexandra View: Launched for tender
Residential · status on 7 November 2012: Tender open
8 November 2012 · Land sales
Sengkang West Way / Fernvale Link (Parcel B): Tender closed
Executive Condominium housing · status on 8 November 2012: Tender closed, award pending
12 November 2012 · Land sales
Sengkang West Way / Fernvale Link (Parcel B): Awarded
Executive Condominium housing · status on 12 November 2012: Awarded · awarded to Verspring Properties Pte. Ltd. at S$135,000,000
15 November 2012 · Land sales
Jurong West Street 41: Launched for tender
Residential · status on 15 November 2012: Tender open
15 November 2012 · Land sales
Ang Mo Kio Avenue 2 / Ang Mo Kio Street 13: Launched for tender
Residential · status on 15 November 2012: Tender open
15 November 2012 · Land sales
Jalan Jurong Kechil: Tender closed
Residential (option for retirement housing is allowed) · status on 15 November 2012: Tender closed, award pending
20 November 2012 · Land sales
Jurong Town Hall Road: Tender closed
Hotel · status on 20 November 2012: Tender closed, award pending
22 November 2012 · Land sales
Pasir Ris Drive 3 / Pasir Ris Rise: Tender closed
Executive Condominium housing · status on 22 November 2012: Tender closed, award pending
22 November 2012 · Land sales
Jalan Jurong Kechil: Awarded
Residential (option for retirement housing is allowed) · status on 22 November 2012: Awarded · awarded to World Class Developments (North) Pte Ltd at S$73,800,000
23 November 2012 · Land sales
Jurong Town Hall Road: Awarded
Hotel · status on 23 November 2012: Awarded · awarded to Tamerton Pte Ltd at S$238,200,000
26 November 2012 · Land sales
Pasir Ris Drive 3 / Pasir Ris Rise: Awarded
Executive Condominium housing · status on 26 November 2012: Awarded · awarded to Hao Yuan Investment Pte Ltd at S$207,000,000
27 November 2012 · Land sales
Yishun Ring Road / Yishun Avenue 9: Launched for tender
Mixed commercial and residential · status on 27 November 2012: Tender open
29 November 2012 · Land sales
Bishan Street 14: Tender closed
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 29 November 2012: Tender closed, award pending
3 December 2012 · Land sales
Bishan Street 14: Awarded
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 3 December 2012: Awarded · awarded to Allamanda Residential Development Pte. Ltd. at S$505,100,000
4 December 2012 · Land sales
Punggol Point: Launched for tender
Food & Beverage with or without retail use · status on 4 December 2012: Tender open
4 December 2012 · Land sales
Thomson Road / Irrawaddy Road: Tender closed
White · status on 4 December 2012: Tender closed, award pending
6 December 2012 · Land sales
Punggol Field Walk / Punggol East: Tender closed
Executive Condominium housing · status on 6 December 2012: Tender closed, award pending
7 December 2012 · Land sales
Thomson Road / Irrawaddy Road: Awarded
White · status on 7 December 2012: Awarded · awarded to Hoi Hup Realty Pte Ltd, Sunway Developments Pte. Ltd. and Hoi Hup J.V. Development Pte Ltd at S$492,500,000
10 December 2012 · Land sales
Punggol Field Walk / Punggol East: Awarded
Executive Condominium housing · status on 10 December 2012: Awarded · awarded to Sing Holdings Limited at S$162,100,000
11 December 2012 · Land sales
Alexandra Road / Alexandra View: Tender closed
Residential · status on 11 December 2012: Tender closed, award pending
13 December 2012 · Land sales
Sembawang Crescent / Sembawang Drive: Tender closed
Executive Condominium housing · status on 13 December 2012: Tender closed, award pending
17 December 2012 · Land sales
Sembawang Crescent / Sembawang Drive: Awarded
Executive Condominium housing · status on 17 December 2012: Awarded · awarded to JBE Holdings Pte Ltd at S$211,920,000
17 December 2012 · Land sales
Alexandra Road / Alexandra View: Awarded
Residential · status on 17 December 2012: Awarded · awarded to Singland Homes Pte. Ltd. at S$332,680,000
18 December 2012 · Land sales
Commonwealth Avenue: Launched for tender
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 18 December 2012: Tender open
19 December 2012 · Land sales
Venture Avenue: Launched for tender
Commercial (with minimum component for office use) · status on 19 December 2012: Tender open
8 January 2013 · Land sales
Ang Mo Kio Avenue 2 / Ang Mo Kio Street 13: Tender closed
Residential · status on 8 January 2013: Tender closed, award pending
9 January 2013 · Land sales
Ang Mo Kio Avenue 2 / Ang Mo Kio Street 13: Awarded
Residential · status on 9 January 2013: Awarded · awarded to Pinehill Investments Pte. Ltd. at S$550,000,048

After (86)

24 January 2013 · Land sales
Yishun Ring Road / Yishun Avenue 9: Tender closed
Mixed commercial and residential · status on 24 January 2013: Tender closed, award pending
29 January 2013 · Land sales
Jurong West Street 41: Tender closed
Residential · status on 29 January 2013: Tender closed, award pending
31 January 2013 · Land sales
Yishun Ring Road / Yishun Avenue 9: Awarded
Mixed commercial and residential · status on 31 January 2013: Awarded · awarded to CEL Property Pte Ltd at S$212,100,000
31 January 2013 · Land sales
Jurong West Street 41: Awarded
Residential · status on 31 January 2013: Awarded · awarded to MCL Land (Prestige) Pte. Ltd. at S$438,888,000
31 January 2013 · Planning
Singapore's Land Use Plan sets out up to 700,000 new homes and 76,600 hectares of land by 2030
Announced 31 January 2013
5 February 2013 · Land sales
Commonwealth Avenue: Tender closed
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 5 February 2013: Tender closed, award pending
7 February 2013 · Land sales
Commonwealth Avenue: Awarded
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 7 February 2013: Awarded · awarded to Intrepid Investments Pte Ltd, Verwood Holdings Pte. Ltd. and Hong Realty (Private) Limited at S$562,818,171
26 February 2013 · Land sales
Punggol Point: Tender closed
Food & Beverage with or without retail use · status on 26 February 2013: Tender closed, award pending
28 February 2013 · Land sales
Sengkang West Way: Launched for tender
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 28 February 2013: Tender open
28 February 2013 · Land sales
Kim Tian Road: Launched for tender
Residential · status on 28 February 2013: Tender open
7 March 2013 · Land sales
Punggol Point: Awarded
Food & Beverage with or without retail use · status on 7 March 2013: Awarded · awarded to Fragrance Group Limited at S$11,368,800
12 March 2013 · Land sales
Venture Avenue: Tender closed
Commercial (with minimum component for office use) · status on 12 March 2013: Tender closed, award pending
13 March 2013 · Land sales
Venture Avenue: Awarded
Commercial (with minimum component for office use) · status on 13 March 2013: Awarded · awarded to Sim Lian JV (Vision) Pte Ltd at S$701,078,147
28 March 2013 · Land sales
Woodlands Avenue 5 / Woodlands Avenue 6: Launched for tender
Executive Condominium housing · status on 28 March 2013: Tender open
11 April 2013 · Land sales
Sengkang West Way: Tender closed
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 11 April 2013: Tender closed, award pending
12 April 2013 · Land sales
Sengkang West Way: Awarded
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 12 April 2013: Awarded · awarded to Secure Development Pte. Ltd. at S$262,100,000
15 April 2013 · Land sales
Anchorvale Crescent: Launched for tender
Executive Condominium housing · status on 15 April 2013: Tender open
15 April 2013 · Land sales
Fernvale Close: Launched for tender
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 15 April 2013: Tender open
15 April 2013 · Land sales
Faber Walk: Launched for tender
Residential · status on 15 April 2013: Tender open
18 April 2013 · Land sales
Kim Tian Road: Tender closed
Residential · status on 18 April 2013: Tender closed, award pending
23 April 2013 · Land sales
Kim Tian Road: Awarded
Residential · status on 23 April 2013: Awarded · awarded to Harvestland Development Pte Ltd at S$550,280,000
29 April 2013 · Land sales
Punggol Central / Edgedale Plains: Launched for tender
Executive Condominium housing · status on 29 April 2013: Tender open
9 May 2013 · Land sales
Woodlands Avenue 5 / Woodlands Avenue 6: Tender closed
Executive Condominium housing · status on 9 May 2013: Tender closed, award pending
13 May 2013 · Land sales
Woodlands Avenue 5 / Woodlands Avenue 6: Awarded
Executive Condominium housing · status on 13 May 2013: Awarded · awarded to Qingjian Realty (South Pacific) Group Pte Ltd. at S$216,000,000
15 May 2013 · Land sales
Tampines Avenue 10: Launched for tender
Residential · status on 15 May 2013: Tender open
28 May 2013 · Land sales
Woodlands Industrial Park E9: Launched for tender
Business 2 with an integrated Heavy Vehicle Park · status on 28 May 2013: Tender open
30 May 2013 · Land sales
Anchorvale Crescent: Tender closed
Executive Condominium housing · status on 30 May 2013: Tender closed, award pending
31 May 2013 · Land sales
Anchorvale Crescent: Awarded
Executive Condominium housing · status on 31 May 2013: Awarded · awarded to Qingjian Realty (South Pacific) Group Pte Ltd at S$245,577,000
13 June 2013 · Land sales
Fernvale Close: Tender closed
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 13 June 2013: Tender closed, award pending
14 June 2013 · Land sales
Fernvale Close: Awarded
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 14 June 2013: Awarded · awarded to FCL Topaz Pte. Ltd., Far East Orchard Limited and Sekisui House, Ltd. at S$256,980,000
17 June 2013 · Land sales
Yuan Ching Road / Tao Ching Road: Launched for tender
Executive Condominium housing · status on 17 June 2013: Tender open
17 June 2013 · Land sales
Punggol Drive / Edgedale Plains: Launched for tender
Executive Condominium housing · status on 17 June 2013: Tender open
18 June 2013 · Land sales
Cecil Street / Telok Ayer Street: Launched for tender
Commercial and open space (residential use will not be allowed) · status on 18 June 2013: Tender open
18 June 2013 · Land sales
Faber Walk: Tender closed
Residential · status on 18 June 2013: Tender closed, award pending
20 June 2013 · Land sales
Faber Walk: Awarded
Residential · status on 20 June 2013: Awarded · awarded to World Class Land Pte Ltd at S$156,688,000
28 June 2013 · Land sales
Yishun Avenue 2 / Yishun Central 1: Launched for tender
Mixed commercial and residential · status on 28 June 2013: Tender open
28 June 2013 · Land sales
Mount Sophia: Launched for tender
Residential · status on 28 June 2013: Tender open
28 June 2013 · Archive event
MAS introduces Total Debt Servicing Ratio framework for property loans
Announced 28 June 2013
16 July 2013 · Land sales
Tampines Avenue 10: Tender closed
Residential · status on 16 July 2013: Tender closed, award pending
19 July 2013 · Land sales
Tampines Avenue 10: Awarded
Residential · status on 19 July 2013: Awarded · awarded to MCC Land (Singapore) Pte Ltd at S$289,700,000
23 July 2013 · Land sales
Woodlands Industrial Park E9: Tender closed
Business 2 with an integrated Heavy Vehicle Park · status on 23 July 2013: Tender closed, award pending
29 July 2013 · Land sales
Woodlands Industrial Park E9: Awarded
Business 2 with an integrated Heavy Vehicle Park · status on 29 July 2013: Awarded · awarded to Incorporated Woodlands Pte Ltd at S$72,690,000
30 July 2013 · Land sales
Yuan Ching Road / Tao Ching Road: Tender closed
Executive Condominium housing · status on 30 July 2013: Tender closed, award pending
30 July 2013 · Land sales
Punggol Drive / Edgedale Plains: Tender closed
Executive Condominium housing · status on 30 July 2013: Tender closed, award pending
30 July 2013 · Land sales
Punggol Central / Edgedale Plains: Tender closed
Executive Condominium housing · status on 30 July 2013: Tender closed, award pending
2 August 2013 · Land sales
Yuan Ching Road / Tao Ching Road: Awarded
Executive Condominium housing · status on 2 August 2013: Awarded · awarded to Evia Real Estate (5) Pte Ltd, BBR Development Pte Ltd, CNH Investment Pte Ltd and OKP Land Pte Ltd at S$272,838,888
2 August 2013 · Land sales
Punggol Drive / Edgedale Plains: Awarded
Executive Condominium housing · status on 2 August 2013: Awarded · awarded to Peak Square Pte. Ltd. at S$312,800,000
2 August 2013 · Land sales
Punggol Central / Edgedale Plains: Awarded
Executive Condominium housing · status on 2 August 2013: Awarded · awarded to Master Contract Services Pte Ltd / Keong Hong Construction Pte Ltd at S$156,000,000
15 August 2013 · Land sales
Cecil Street / Telok Ayer Street: Tender closed
Commercial and open space (residential use will not be allowed) · status on 15 August 2013: Tender closed, award pending
19 August 2013 · Land sales
Cecil Street / Telok Ayer Street: Awarded
Commercial and open space (residential use will not be allowed) · status on 19 August 2013: Awarded · awarded to FC Commercial Trustee Pte. Ltd. (as Trustee-Manager of Aquamarine Star Trust) at S$923,952,040
27 August 2013 · Archive event
Singapore tightens HDB loan rules and introduces a three-year PR wait-out period
Announced 27 August 2013
29 August 2013 · Land sales
Gambas Crescent: Launched for tender
Business 1 · status on 29 August 2013: Tender open
29 August 2013 · Land sales
Gambas Crescent: Launched for tender
Business 1 · status on 29 August 2013: Tender open
5 September 2013 · Land sales
Yishun Avenue 2 / Yishun Central 1: Tender closed
Mixed commercial and residential · status on 5 September 2013: Tender closed, award pending
9 September 2013 · Land sales
Yishun Avenue 2 / Yishun Central 1: Awarded
Mixed commercial and residential · status on 9 September 2013: Awarded · awarded to North Gem Development Pte. Ltd. & FC North Gem Trustee Pte. Ltd. (as Trustee-Manager of North Gem Trust) at S$1,428,880,000
10 September 2013 · Land sales
Mount Sophia: Tender closed
Residential · status on 10 September 2013: Tender closed, award pending
12 September 2013 · Land sales
Mount Sophia: Awarded
Residential · status on 12 September 2013: Awarded · awarded to Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and S C Wong Holdings Pte Ltd at S$442,280,000
18 September 2013 · Land sales
Havelock Road: Launched for tender
Hotel · status on 18 September 2013: Tender open
30 September 2013 · Land sales
Upper Serangoon View: Launched for tender
Residential · status on 30 September 2013: Tender open
30 September 2013 · Land sales
Upper Serangoon View: Launched for tender
Residential · status on 30 September 2013: Tender open
17 October 2013 · Land sales
Gambas Crescent: Tender closed
Business 1 · status on 17 October 2013: Tender closed, award pending
17 October 2013 · Land sales
Gambas Crescent: Tender closed
Business 1 · status on 17 October 2013: Tender closed, award pending
23 October 2013 · Land sales
Gambas Crescent: Awarded
Business 1 · status on 23 October 2013: Awarded · awarded to Grow-Tech Properties Pte Ltd at S$44,777,000
23 October 2013 · Land sales
Gambas Crescent: Awarded
Business 1 · status on 23 October 2013: Awarded · awarded to Grow-Tech Properties Pte Ltd at S$46,333,000
31 October 2013 · Land sales
Westwood Avenue: Launched for tender
Executive Condominium housing · status on 31 October 2013: Tender open
31 October 2013 · Land sales
Gambas Crescent: Launched for tender
Business 1 · status on 31 October 2013: Tender open
12 November 2013 · Land sales
Havelock Road: Tender closed
Hotel · status on 12 November 2013: Tender closed, award pending
18 November 2013 · Land sales
Anchorvale Crescent: Launched for tender
Executive Condominium housing · status on 18 November 2013: Tender open
18 November 2013 · Land sales
Canberra Drive: Launched for tender
Executive Condominium housing · status on 18 November 2013: Tender open
18 November 2013 · Land sales
Upper Paya Lebar Road: Launched for tender
Residential · status on 18 November 2013: Tender open
18 November 2013 · Land sales
Havelock Road: Awarded
Hotel · status on 18 November 2013: Awarded · awarded to I Hotel Pte. Ltd. at S$30,090,000
22 November 2013 · Land sales
East Coast Road: Launched for tender
Hotel · status on 22 November 2013: Tender open
28 November 2013 · Land sales
Upper Serangoon View: Tender closed
Residential · status on 28 November 2013: Tender closed, award pending
28 November 2013 · Land sales
Upper Serangoon View: Tender closed
Residential · status on 28 November 2013: Tender closed, award pending
2 December 2013 · Land sales
Upper Serangoon View: Awarded
Residential · status on 2 December 2013: Awarded · awarded to Kingsford Development Pte Ltd at S$258,800,000
2 December 2013 · Land sales
Upper Serangoon View: Awarded
Residential · status on 2 December 2013: Awarded · awarded to Kingsford Development Pte Ltd at S$201,630,000
9 December 2013 · Archive event
Singapore cuts the EC cancellation fee to 5%, adds a resale levy for second-timers and caps MSR at 30% on EC bank loans
Announced 9 December 2013
10 December 2013 · Land sales
Gambas Crescent: Tender closed
Business 1 · status on 10 December 2013: Tender closed, award pending
13 December 2013 · Land sales
Gambas Crescent: Awarded
Business 1 · status on 13 December 2013: Awarded · awarded to Grow-Tech Properties Pte Ltd at S$39,333,000
16 December 2013 · Land sales
Choa Chu Kang Grove (Parcel A): Launched for tender
Executive Condominium housing · status on 16 December 2013: Tender open
16 December 2013 · Land sales
Choa Chu Kang Grove (Parcel B): Launched for tender
Executive Condominium housing · status on 16 December 2013: Tender open
16 December 2013 · Land sales
Yishun Avenue 9 / Yishun Avenue 6: Launched for tender
Residential · status on 16 December 2013: Tender open
16 December 2013 · Land sales
Geylang East Avenue 1: Launched for tender
Residential · status on 16 December 2013: Tender open
17 December 2013 · Land sales
Woodlands Square: Launched for tender
Commercial · status on 17 December 2013: Tender open
30 December 2013 · Land sales
Sims Drive: Launched for tender
Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 30 December 2013: Tender open
7 January 2014 · Land sales
Westwood Avenue: Tender closed
Executive Condominium housing · status on 7 January 2014: Tender closed, award pending

Recorded relationships

Singapore cuts the EC cancellation fee to 5%, adds a resale levy for second-timers and caps MSR at 30% on EC bank loans has as its direct predecessor this event.

Methodology5 rules

Comparison anchored to effective date: 12 January 2013. 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 (5)

Primary sources4

Additional Measures to Ensure a Stable and Sustainable Property Market. Joint press release, Ministry of Finance, Ministry of National Development, Monetary Authority of Singapore and Ministry of Trade and Industry, 11 January 2013, complete with Annex I on ABSD, Annex II on LTV and cash, Annex III on public housing and Annex IV on lease-dependent CPF and HDB loan rules.
Ministry of Finance · Primary source · Published 11 January 2013
Open original source
MAS Notice 825, Residential Property Loans (Finance Companies), issued 27 August 2013, effective 28 August 2013. Cited as the current consolidated version, last revised 21 August 2025.
Monetary Authority of Singapore · Primary source · Published 27 August 2013
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

Supporting sources1

Knight Frank Singapore Residential Research Quarterly Bulletin, Q1 2013. Supporting industry source for monthly developer-sales figures and contemporaneous market interpretation.
The Business Times · Secondary source · Published 1 April 2013
Original source link unavailable

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.