Policy before and after · Cooling measure
Singapore raises property-loan stress-test floors, cuts the HDB housing-loan LTV limit to 80%, and introduces a temporary 15-month HDB resale wait-out
Announced 29 September 2022 · Effective 30 September 2022
Read the full event recordCompare with another policyCreate research briefView Medium-term interest rate floor, bank loans policy evolutionView HDB loan eligibility interest rate floor policy evolutionView Loan-to-value limit, HDB loans policy evolutionView Loan-to-value limits, bank loans policy evolutionView Total Debt Servicing Ratio policy evolutionView Mortgage Servicing Ratio policy evolutionView Wait-out period policy evolution
Comparison window
Comparison anchored to effective date: 30 September 2022. Before: 30 September 2021 to 29 September 2022. After: 30 September 2022 to 29 September 2023. The same 365 days on each side; the anchor day counts as after.
Before · 30 Sep 2021 to 29 Sep 2022
11 land-sales awards
- 37 land-sales steps in all
- 4 other archive events
- Singapore private residential transactions, all types of sale: 20,079 (Q2 2022)
The event
Announced 29 Sep 2022
Effective 30 Sep 2022
The effective date is the anchor.
After · 30 Sep 2022 to 29 Sep 2023
9 land-sales awards
- 42 land-sales steps in all
- All 365 days observable
- Singapore private residential transactions, all types of sale: 13,097 (Q2 2023)
What this comparison can and cannot show
Generated from this window's records
Recorded
- 10 policy parameters recorded with a before and an after value on this event.
- 11 land-sales awards in the 365 days before the effective date, and 9 in the 365 observable days after.
- 8 of 8 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
- 29 September 2022
- Effective
- 30 September 2022
- Issuing authority
- Monetary Authority of Singapore, Ministry of National Development, Housing & Development Board
- Category
- Cooling measure
- Affected market
- FOUR distinct instruments with different scopes, stored separately and never represented as a single tightening measure: (a) medium-term interest-rate floors for property loans granted by financial institutions; (b) an interest-rate floor for determining the eligible amount of an HDB-granted housing loan; (c) the loan-to-value limit for HDB-granted housing loans; (d) a temporary eligibility restriction on purchases of non-subsidised HDB resale flats by private residential property owners and former owners.
- Primary source
- Joint MAS/MND/HDB media release: Measures to Promote Sustainable Conditions in the Property Market by Ensuring Prudent Borrowing and Moderating Demand
On 29 September 2022 MAS, MND and HDB jointly announced a four-instrument package effective 30 September 2022. Financial institutions' medium-term interest-rate floors for property loans rose from 3.5% to 4.0% for residential purchase loans and mortgage-equity withdrawal loans, and from 4.5% to 5.0% for non-residential. HDB introduced a NEW floor for determining the eligible HDB housing-loan amount, set at the higher of 3.0% or 0.1 percentage point above the prevailing CPF Ordinary Account rate; the rate HDB actually charged remained 2.6%. The maximum HDB housing-loan LTV fell from 85% to 80%. Finally, private residential property owners and former owners generally had to wait 15 months after disposing of their private property before buying a non-subsidised HDB resale flat, reversing the previous sequence in which they could buy first and dispose within six months. Singapore Citizens aged 55 and above, including their spouses, right-sizing to a 4-room or smaller flat were exempt. TDSR remained 55% and MSR remained 30%: the package changed the assumed interest rate used in the affordability calculation, not the ratio thresholds. The wait-out was expressly temporary and was removed with effect from 28 July 2026.
In brief
In brief
- FI_MEDIUM_TERM_RATE_FLOOR, purchase or mwl, residential: increased from 3.5% to 4%.
- FI_MEDIUM_TERM_RATE_FLOOR, purchase or mwl, non residential: increased from 4.5% to 5%.
- 4 of the 10 recorded parameters changed; 4 did not.
- Singapore private residential transactions, all types of sale totalled 20,079 in the whole periods inside the 365 days before the effective date (Q4 2021, Q1 2022, Q2 2022) and 13,097 in those inside the 365 days after (Q4 2022, Q1 2023, Q2 2023).
- 11 GLS site awards were recorded in the before window and 10 in the after window.
What changed
| Policy parameter | Before | After | Change |
|---|---|---|---|
| FI_MEDIUM_TERM_RATE_FLOOR · purchase or mwl, residential | 3.5% | 4% | Increased |
| FI_MEDIUM_TERM_RATE_FLOOR · purchase or mwl, non residential | 4.5% | 5% | Increased |
| HDB_LOAN_ELIGIBILITY_FLOOR · fixed component | Unknown | 3% | Not stated |
| HDB_LOAN_ELIGIBILITY_FLOOR · formula component, cpf oa rate plus 0.1pp | Unknown | Unknown | Not stated |
| HDB_LTV · max ltv hdb granted loans | 85% | 80% | Decreased |
| FI_LTV · headline max no outstanding housing loan | 75% | 75% | Unchanged |
| TDSR · threshold | 55% | 55% | Unchanged |
| MSR · threshold | 30% | 30% | Unchanged |
View all 10 parametersHide the other 2
| WAIT_OUT · PPO AND EX PPO, non subsidised hdb resale | 0 months | 15 months | Increased |
| WAIT_OUT · PPO AND EX PPO, subsidised housing | 30 months | 30 months | Unchanged |
Where these values come from
- Source
- Recorded on this event's policy matrix in Prevo's archive. The event's primary source: Joint MAS/MND/HDB media release: Measures to Promote Sustainable Conditions in the Property Market by Ensuring Prudent Borrowing and Moderating Demand.
- Primary source published
- 29 September 2022
- Validity
- In force from the event's effective date, 30 September 2022. The row records no date of its own; the date is the event's.
- Basis
- Archive record. The matrix row carries no source reference of its own; the event's sources are listed below.
Observed around this event
View linked outcomesThe 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
20,079
Q4 2021, Q1 2022, Q2 2022
Coverage 273/365 days
After
13,097
Q4 2022, Q1 2023, Q2 2023
Coverage 273/365 days
Difference
-6,982
-34.8%
Qualified: whole periods cover 273/365 days before and 273/365 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
180.9
Q4 2021, Q1 2022, Q2 2022
Coverage 273/365 days
After
194.4
Q4 2022, Q1 2023, Q2 2023
Coverage 273/365 days
Difference
+13.5
+7.5%
Qualified: whole periods cover 273/365 days before and 273/365 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
Private residential units sold, all segments (uncompleted plus completed)
units · Total over whole quarterly periods inside each 365-day window
Before
7,240
Q4 2021, Q1 2022, Q2 2022
Coverage 273/365 days
After
4,073
Q4 2022, Q1 2023, Q2 2023
Coverage 273/365 days
Difference
-3,167
-43.7%
Qualified: whole periods cover 273/365 days before and 273/365 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
Uncompleted private residential units launched, all segments
units · Total over whole quarterly periods inside each 365-day window
Before
4,844
Q4 2021, Q1 2022, Q2 2022
Coverage 273/365 days
After
4,190
Q4 2022, Q1 2023, Q2 2023
Coverage 273/365 days
Difference
-654
-13.5%
Qualified: whole periods cover 273/365 days before and 273/365 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
HDB Resale Price Index
index (2009Q1=100) · Value in the latest whole quarterly period inside each 365-day window
Before
163.9
Q4 2021, Q1 2022, Q2 2022
Coverage 273/365 days
After
176.2
Q4 2022, Q1 2023, Q2 2023
Coverage 273/365 days
Difference
+12.3
+7.5%
Qualified: whole periods cover 273/365 days before and 273/365 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
- Cited by this event's own outcomes
Price index of non-landed private residential properties, Core Central Region
index (2009Q1=100) · Value in the latest whole quarterly period inside each 365-day window
Before
141.2
Q4 2021, Q1 2022, Q2 2022
Coverage 273/365 days
After
146.5
Q4 2022, Q1 2023, Q2 2023
Coverage 273/365 days
Difference
+5.3
+3.8%
Qualified: whole periods cover 273/365 days before and 273/365 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
- Cited by this event's own outcomes
Price index of non-landed private residential properties, Outside Central Region
index (2009Q1=100) · Value in the latest whole quarterly period inside each 365-day window
Before
208.4
Q4 2021, Q1 2022, Q2 2022
Coverage 273/365 days
After
225
Q4 2022, Q1 2023, Q2 2023
Coverage 273/365 days
Difference
+16.6
+8%
Qualified: whole periods cover 273/365 days before and 273/365 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
- Cited by this event's own outcomes
Price index of non-landed private residential properties, Rest of Central Region
index (2009Q1=100) · Value in the latest whole quarterly period inside each 365-day window
Before
193.3
Q4 2021, Q1 2022, Q2 2022
Coverage 273/365 days
After
208.6
Q4 2022, Q1 2023, Q2 2023
Coverage 273/365 days
Difference
+15.3
+7.9%
Qualified: whole periods cover 273/365 days before and 273/365 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
- 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
41 lines
37 land-sales steps (11 awards) · 4 archive events
From the effective date
46 lines
42 land-sales steps (9 awards) · 4 archive events
Explore concurrent eventsHide concurrent events
Before (41)
30 September 2021 · Land sales
Lentor Hills Road (Parcel A): Launched for tenderResidential · status on 30 September 2021: Tender open
30 September 2021 · Land sales
Lentor Hills Road (Parcel B): Released on the Reserve ListResidential · status on 30 September 2021: On the Reserve List
30 September 2021 · Land sales
Jalan Tembusu: Launched for tenderResidential · status on 30 September 2021: Tender open
11 October 2021 · Land sales
Slim Barracks Rise (Parcel A): AwardedResidential with commercial at 1st storey · status on 11 October 2021: Awarded · awarded to EL Development Pte Ltd at S$320,100,000
11 October 2021 · Land sales
Slim Barracks Rise (Parcel B): AwardedResidential with commercial at 1st storey · status on 11 October 2021: Awarded · awarded to Gao Xiuhua at S$162,388,000
21 October 2021 · Land sales
Dairy Farm Walk: Launched for tenderResidential · status on 21 October 2021: Tender open
27 October 2021 · Archive event
Singapore introduces the Prime Location Public Housing (PLH) model, with a 10-year MOP and resale limited to BTO-eligible buyersAnnounced 27 October 2021
30 November 2021 · Land sales
Pine Grove (Parcel A): Released on the Reserve ListResidential · status on 30 November 2021: On the Reserve List
30 November 2021 · Land sales
Pine Grove (Parcel B): Released on the Reserve ListResidential · status on 30 November 2021: On the Reserve List
15 December 2021 · Archive event
Singapore raises ABSD, tightens TDSR to 55% and lowers HDB loan LTV to 85%Announced 15 December 2021
23 December 2021 · Land sales
Bukit Batok West Avenue 8: Launched for tender, Confirmed ListExecutive Condominium housing · status on 23 December 2021: Tender open
18 January 2022 · Land sales
Jalan Tembusu: Tender closedResidential · status on 18 January 2022: Tender closed, award pending
18 January 2022 · Land sales
Lentor Hills Road (Parcel A): Tender closedResidential · status on 18 January 2022: Tender closed, award pending
26 January 2022 · Land sales
Jalan Tembusu: AwardedResidential · status on 26 January 2022: Awarded · awarded to CDL Triton Pte. Ltd. at S$768,000,000
26 January 2022 · Land sales
Lentor Hills Road (Parcel A): AwardedResidential · status on 26 January 2022: Awarded · awarded to Intrepid Investments Pte. Ltd., GuocoLand (Singapore) Pte. Ltd. and TID Residential Pte. Ltd. at S$586,591,288
24 February 2022 · Land sales
Pine Grove (Parcel A): Launched for tenderResidential · status on 24 February 2022: Tender open
8 March 2022 · Land sales
Dairy Farm Walk: Tender closedResidential · status on 8 March 2022: Tender closed, award pending
8 March 2022 · Land sales
Bukit Batok West Avenue 8: Tender closedExecutive Condominium housing · status on 8 March 2022: Tender closed, award pending
11 March 2022 · Land sales
Dairy Farm Walk: AwardedResidential · status on 11 March 2022: Awarded · awarded to Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd at S$347,001,000
14 March 2022 · Land sales
Dunman Road: Launched for tender, Confirmed ListResidential · status on 14 March 2022: Tender open
14 March 2022 · Land sales
Kampong Bugis: Removed from the Reserve ListWhite site · status on 14 March 2022: Removed from the Reserve List
22 March 2022 · Land sales
Bukit Batok West Avenue 8: AwardedExecutive Condominium housing · status on 22 March 2022: Awarded · awarded to CNQC-OS (2) Pte. Ltd. and SNC Realty Pte. Ltd. at S$266,000,000
4 April 2022 · Planning
URA tightens the conditions on CBD Incentive and Strategic Development Incentive redevelopments, leaving the incentives unchangedAnnounced 4 April 2022
8 May 2022 · Archive event
Singapore imposes 35% ABSD on residential property transferred into a living trustAnnounced 8 May 2022
17 May 2022 · Land sales
Lentor Central (13,444.3 sqm parcel): Launched for tender, Confirmed ListResidential · status on 17 May 2022: Tender open
17 May 2022 · Land sales
Lentor Gardens: Released on the Reserve ListResidential · status on 17 May 2022: On the Reserve List
17 May 2022 · Land sales
Lentor Hills Road (Parcel B): Launched for tender, Confirmed ListResidential · status on 17 May 2022: Tender open
2 June 2022 · Land sales
Pine Grove (Parcel A): Tender closedResidential · status on 2 June 2022: Tender closed, award pending
2 June 2022 · Land sales
Dunman Road: Tender closedResidential · status on 2 June 2022: Tender closed, award pending
14 June 2022 · Land sales
Pine Grove (Parcel A): AwardedResidential · status on 14 June 2022: Awarded · awarded to United Venture Development (No. 5) Pte. Ltd. at S$671,500,800
14 June 2022 · Land sales
Dunman Road: AwardedResidential · status on 14 June 2022: Awarded · awarded to Sing-Haiyi Jade Pte. Ltd. at S$1,283,888,998
28 June 2022 · Land sales
Bukit Batok West Avenue 5: Launched for tender, Confirmed ListResidential (Executive Condominium units) · status on 28 June 2022: Tender open
31 August 2022 · Land sales
Bukit Timah Link: Launched for tenderResidential · status on 31 August 2022: Tender open
31 August 2022 · Land sales
Hillview Rise: Launched for tenderResidential · status on 31 August 2022: Tender open
13 September 2022 · Land sales
Lentor Hills Road (Parcel B): Tender closedResidential · status on 13 September 2022: Tender closed, award pending
13 September 2022 · Land sales
Lentor Central (13,444.3 sqm parcel): Tender closedResidential · status on 13 September 2022: Tender closed, award pending
13 September 2022 · Land sales
Bukit Batok West Avenue 5: Tender closedResidential (Executive Condominium units) · status on 13 September 2022: Tender closed, award pending
19 September 2022 · Land sales
Lentor Hills Road (Parcel B): AwardedResidential · status on 19 September 2022: Awarded · awarded to TID Residential Pte. Ltd. at S$276,360,000
19 September 2022 · Land sales
Lentor Central (13,444.3 sqm parcel): AwardedResidential · status on 19 September 2022: Awarded · awarded to Forsea Residence Pte. Ltd., Soilbuild Group Holdings Ltd. and UED Alpha Pte. Ltd. at S$481,028,300
28 September 2022 · Land sales
Bukit Batok West Avenue 5: AwardedResidential (Executive Condominium units) · status on 28 September 2022: Awarded · awarded to CDL Zenith Pte. Ltd. at S$336,068,000
29 September 2022 · Land sales
Parry Avenue: Launched for Concept and Price tenderPrivate assisted living and Health and Medical Care · status on 29 September 2022: Tender open
After (46)
31 October 2022 · Land sales
Lentor Gardens: Launched for tender, Confirmed ListResidential · status on 31 October 2022: Tender open
31 October 2022 · Land sales
Lentor Central (14,703.2 sqm parcel): Released on the Reserve ListResidential · status on 31 October 2022: On the Reserve List
3 November 2022 · Land sales
Hillview Rise: Tender closedResidential · status on 3 November 2022: Tender closed, award pending
3 November 2022 · Land sales
Bukit Timah Link: Tender closedResidential · status on 3 November 2022: Tender closed, award pending
15 November 2022 · Land sales
Hillview Rise: AwardedResidential · status on 15 November 2022: Awarded · awarded to Far East Civil Engineering (Pte.) Limited and Sekisui House, Ltd. at S$320,777,000
15 November 2022 · Land sales
Bukit Timah Link: AwardedResidential · status on 15 November 2022: Awarded · awarded to Bukit One Pte. Ltd. at S$200,001,888
25 November 2022 · Land sales
Clementi Avenue 1: Released on the Reserve ListResidential · status on 25 November 2022: On the Reserve List
25 November 2022 · Land sales
Jalan Tembusu (20,572.1 sqm parcel): Released on the Reserve ListResidential · status on 25 November 2022: On the Reserve List
25 November 2022 · Land sales
Senja Close: Released on the Reserve ListExecutive Condominium residential · status on 25 November 2022: On the Reserve List
5 December 2022 · Land sales
Marina Gardens Lane: Launched for tenderResidential with commercial at 1st storey · status on 5 December 2022: Tender open
23 December 2022 · Land sales
Tampines Avenue 11: Launched for tender, Confirmed ListMixed commercial and residential, integrated with a bus interchange, community club and hawker centre · status on 23 December 2022: Tender open
23 December 2022 · Land sales
Plantation Close: Launched for tender, Confirmed ListExecutive Condominium housing · status on 23 December 2022: Tender open
14 February 2023 · Archive event
Singapore raises the top marginal Buyer's Stamp Duty rates to 6% for residential and 5% for non-residential propertyAnnounced 14 February 2023
14 March 2023 · Land sales
Jalan Tembusu (20,572.1 sqm parcel): Launched for tenderResidential · status on 14 March 2023: Tender open
14 March 2023 · Land sales
Tampines Street 62 (Parcel B): Launched for tenderExecutive Condominium residential · status on 14 March 2023: Tender open
21 March 2023 · Land sales
Parry Avenue: Tender closed, concept and pricePrivate assisted living and Health and Medical Care · status on 21 March 2023: Tender closed, award pending
4 April 2023 · Land sales
Lentor Gardens: Tender closedResidential · status on 4 April 2023: Tender closed, award pending
12 April 2023 · Land sales
Lentor Central (14,703.2 sqm parcel): Launched for tender, Confirmed ListResidential · status on 12 April 2023: Tender open
12 April 2023 · Land sales
Lentor Gardens (20,640.8 sqm parcel): Released on the Reserve ListResidential · status on 12 April 2023: On the Reserve List
13 April 2023 · Land sales
Lentor Gardens: AwardedResidential · status on 13 April 2023: Awarded · awarded to GuocoLand (Singapore) Pte. Ltd. and Intrepid Investments Pte. Ltd. at S$486,800,222
26 April 2023 · Archive event
Singapore raises ABSD, doubling foreign-buyer rate from 30% to 60%Announced 26 April 2023
25 May 2023 · Land sales
Champions Way: Launched for tender, Confirmed ListResidential · status on 25 May 2023: Tender open
25 May 2023 · Land sales
Lorong 1 Toa Payoh: Released on the Reserve ListResidential · status on 25 May 2023: On the Reserve List
25 May 2023 · Land sales
Punggol Walk: Released on the Reserve ListCommercial · status on 25 May 2023: On the Reserve List
20 June 2023 · Land sales
Parry Avenue: Awarded, concept and pricePrivate assisted living and Health and Medical Care · status on 20 June 2023: Awarded · awarded to Pre 20 Pte. Ltd. at S$71,988,000
22 June 2023 · Land sales
Jurong Lake District Master Developer site: Launched for Concept and Price tenderWhite site · status on 22 June 2023: Tender open
27 June 2023 · Land sales
Marina Gardens Lane: Tender closedResidential with commercial at 1st storey · status on 27 June 2023: Tender closed, award pending
27 June 2023 · Land sales
Tampines Avenue 11: Tender closedMixed commercial and residential, integrated with a bus interchange, community club and hawker centre · status on 27 June 2023: Tender closed, award pending
27 June 2023 · Land sales
Plantation Close: Tender closedExecutive Condominium housing · status on 27 June 2023: Tender closed, award pending
30 June 2023 · Land sales
Marina Gardens Crescent: Launched for tender, Confirmed ListPlot 1 White site; Plot 2 Open Space; Plots 3 and 4 subterranean link plots · status on 30 June 2023: Tender open
30 June 2023 · Land sales
Media Circle: Launched for tender, Confirmed ListResidential with commercial at 1st storey · status on 30 June 2023: Tender open
11 July 2023 · Land sales
Marina Gardens Lane: AwardedResidential with commercial at 1st storey · status on 11 July 2023: Awarded · awarded to Kingsford Huray Development Pte. Ltd., Obsidian Development Pte. Ltd. and Polarix Cultural & Science Park Investment Pte. Ltd. at S$1,034,480,000
11 July 2023 · Land sales
Tampines Avenue 11: AwardedMixed commercial and residential, integrated with a bus interchange, community club and hawker centre · status on 11 July 2023: Awarded · awarded to Topaz Residential Pte. Ltd. and Topaz Commercial Pte. Ltd. at S$1,206,390,880
18 July 2023 · Land sales
Jalan Tembusu (20,572.1 sqm parcel): Tender closedResidential · status on 18 July 2023: Tender closed, award pending
18 July 2023 · Land sales
Tampines Street 62 (Parcel B): Tender closedExecutive Condominium residential · status on 18 July 2023: Tender closed, award pending
19 July 2023 · Archive event
Singapore brings foreign purchases of Commercial and Residential zoned land under Residential Property Act approval, with transitional exemptionsAnnounced 19 July 2023
10 August 2023 · Land sales
Jalan Tembusu (20,572.1 sqm parcel): AwardedResidential · status on 10 August 2023: Awarded · awarded to Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd at S$828,800,000
15 August 2023 · Land sales
Clementi Avenue 1: Launched for tenderResidential · status on 15 August 2023: Tender open
15 August 2023 · Land sales
Pine Grove (Parcel B): Launched for tenderResidential · status on 15 August 2023: Tender open
20 August 2023 · Archive event
Singapore introduces the Standard, Plus and Prime flat classification for new BTO flats, with a 10-year MOP and subsidy recovery for Plus and PrimeAnnounced 20 August 2023
5 September 2023 · Land sales
Lorong 1 Toa Payoh: Launched for tenderResidential · status on 5 September 2023: Tender open
11 September 2023 · Land sales
Plantation Close: AwardedExecutive Condominium housing · status on 11 September 2023: Awarded · awarded to Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd at S$348,500,000
12 September 2023 · Land sales
Lentor Central (14,703.2 sqm parcel): Tender closedResidential · status on 12 September 2023: Tender closed, award pending
12 September 2023 · Land sales
Champions Way: Tender closedResidential · status on 12 September 2023: Tender closed, award pending
18 September 2023 · Land sales
Lentor Central (14,703.2 sqm parcel): AwardedResidential · status on 18 September 2023: Awarded · awarded to Intrepid Investments Pte. Ltd., GuocoLand (Singapore) Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd. at S$435,166,426
18 September 2023 · Land sales
Champions Way: AwardedResidential · status on 18 September 2023: Awarded · awarded to CDL Stellar Pte. Ltd. at S$294,889,000
Recorded relationships
- Singapore removes the 15-month wait-out for private-property owners buying non-subsidised HDB resale flats without an HDB housing loan partly reverses this event.
- This event has as a structural ancestor MAS introduces Total Debt Servicing Ratio framework for property loans.
- This event has as its direct predecessor Singapore raises ABSD, tightens TDSR to 55% and lowers HDB loan LTV to 85%.
- This event has as a structural ancestor Singapore raises ABSD by 5 to 10 points and tightens LTV limits.
- Singapore lowers the HDB housing-loan LTV limit from 80% to 75% has as its direct predecessor this event.
Methodology5 rules
- Comparison anchored to effective date: 30 September 2022. 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 (4)
Primary sources4
Joint MAS/MND/HDB media release: Measures to Promote Sustainable Conditions in the Property Market by Ensuring Prudent Borrowing and Moderating Demand
Ministry of National Development · Primary source · Published 29 September 2022
HDB reproduction of the 29 September 2022 joint release (HDB page displays 28 September 2022; the announcement was 29 September and the measures took effect 30 September, the same webpage-metadata pattern recorded on the July 2018, September 2022 and July 2026 events) (HDB page displays 28 September 2022; the announcement was 29 September and the measures took effect 30 September, the same webpage-metadata pattern recorded on the July 2018, September 2022 and July 2026 events) (HDB page displays 28 September 2022; the announcement was 29 September and the measures took effect 30 September, the same webpage-metadata pattern recorded on the July 2018, September 2022 and July 2026 events) (HDB page displays 28 September 2022; the announcement was 29 September and the measures took effect 30 September, the same webpage-metadata pattern recorded on the July 2018, September 2022 and July 2026 events)
Housing & Development Board · Primary source · Published 28 September 2022
HDB Pulse: Removal of the 15-month Wait-out Period for Private Residential Property Owners Purchasing Non-Subsidised HDB Resale Flats
Housing & Development Board · Primary source · Published 27 July 2026
MAS Notice 645 and accompanying TDSR guidance, as revised September 2022
Monetary Authority of Singapore · Primary source · Publication date not recorded
Event checked against its primary sources on 13 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.