Prevo

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 parameterBeforeAfter
FI_MEDIUM_TERM_RATE_FLOOR · purchase or mwl, residential3.5%4%
FI_MEDIUM_TERM_RATE_FLOOR · purchase or mwl, non residential4.5%5%
HDB_LOAN_ELIGIBILITY_FLOOR · fixed componentUnknown3%
HDB_LOAN_ELIGIBILITY_FLOOR · formula component, cpf oa rate plus 0.1ppUnknownUnknown
HDB_LTV · max ltv hdb granted loans85%80%
FI_LTV · headline max no outstanding housing loan75%75%
TDSR · threshold55%55%
MSR · threshold30%30%
View all 10 parameters
WAIT_OUT · PPO AND EX PPO, non subsidised hdb resale0 months15 months
WAIT_OUT · PPO AND EX PPO, subsidised housing30 months30 months
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 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

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 events

Before (41)

  1. 30 September 2021 · Land sales

    Lentor Hills Road (Parcel A): Launched for tender

    Residential · status on 30 September 2021: Tender open

  2. 30 September 2021 · Land sales

    Lentor Hills Road (Parcel B): Released on the Reserve List

    Residential · status on 30 September 2021: On the Reserve List

  3. 30 September 2021 · Land sales

    Jalan Tembusu: Launched for tender

    Residential · status on 30 September 2021: Tender open

  4. 11 October 2021 · Land sales

    Slim Barracks Rise (Parcel A): Awarded

    Residential with commercial at 1st storey · status on 11 October 2021: Awarded · awarded to EL Development Pte Ltd at S$320,100,000

  5. 11 October 2021 · Land sales

    Slim Barracks Rise (Parcel B): Awarded

    Residential with commercial at 1st storey · status on 11 October 2021: Awarded · awarded to Gao Xiuhua at S$162,388,000

  6. 21 October 2021 · Land sales

    Dairy Farm Walk: Launched for tender

    Residential · status on 21 October 2021: Tender open

  7. 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 buyers

    Announced 27 October 2021

  8. 30 November 2021 · Land sales

    Pine Grove (Parcel A): Released on the Reserve List

    Residential · status on 30 November 2021: On the Reserve List

  9. 30 November 2021 · Land sales

    Pine Grove (Parcel B): Released on the Reserve List

    Residential · status on 30 November 2021: On the Reserve List

  10. 15 December 2021 · Archive event

    Singapore raises ABSD, tightens TDSR to 55% and lowers HDB loan LTV to 85%

    Announced 15 December 2021

  11. 23 December 2021 · Land sales

    Bukit Batok West Avenue 8: Launched for tender, Confirmed List

    Executive Condominium housing · status on 23 December 2021: Tender open

  12. 18 January 2022 · Land sales

    Jalan Tembusu: Tender closed

    Residential · status on 18 January 2022: Tender closed, award pending

  13. 18 January 2022 · Land sales

    Lentor Hills Road (Parcel A): Tender closed

    Residential · status on 18 January 2022: Tender closed, award pending

  14. 26 January 2022 · Land sales

    Jalan Tembusu: Awarded

    Residential · status on 26 January 2022: Awarded · awarded to CDL Triton Pte. Ltd. at S$768,000,000

  15. 26 January 2022 · Land sales

    Lentor Hills Road (Parcel A): Awarded

    Residential · 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

  16. 24 February 2022 · Land sales

    Pine Grove (Parcel A): Launched for tender

    Residential · status on 24 February 2022: Tender open

  17. 8 March 2022 · Land sales

    Dairy Farm Walk: Tender closed

    Residential · status on 8 March 2022: Tender closed, award pending

  18. 8 March 2022 · Land sales

    Bukit Batok West Avenue 8: Tender closed

    Executive Condominium housing · status on 8 March 2022: Tender closed, award pending

  19. 11 March 2022 · Land sales

    Dairy Farm Walk: Awarded

    Residential · status on 11 March 2022: Awarded · awarded to Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd at S$347,001,000

  20. 14 March 2022 · Land sales

    Dunman Road: Launched for tender, Confirmed List

    Residential · status on 14 March 2022: Tender open

  21. 14 March 2022 · Land sales

    Kampong Bugis: Removed from the Reserve List

    White site · status on 14 March 2022: Removed from the Reserve List

  22. 22 March 2022 · Land sales

    Bukit Batok West Avenue 8: Awarded

    Executive 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

  23. 4 April 2022 · Planning

    URA tightens the conditions on CBD Incentive and Strategic Development Incentive redevelopments, leaving the incentives unchanged

    Announced 4 April 2022

  24. 8 May 2022 · Archive event

    Singapore imposes 35% ABSD on residential property transferred into a living trust

    Announced 8 May 2022

  25. 17 May 2022 · Land sales

    Lentor Central (13,444.3 sqm parcel): Launched for tender, Confirmed List

    Residential · status on 17 May 2022: Tender open

  26. 17 May 2022 · Land sales

    Lentor Gardens: Released on the Reserve List

    Residential · status on 17 May 2022: On the Reserve List

  27. 17 May 2022 · Land sales

    Lentor Hills Road (Parcel B): Launched for tender, Confirmed List

    Residential · status on 17 May 2022: Tender open

  28. 2 June 2022 · Land sales

    Pine Grove (Parcel A): Tender closed

    Residential · status on 2 June 2022: Tender closed, award pending

  29. 2 June 2022 · Land sales

    Dunman Road: Tender closed

    Residential · status on 2 June 2022: Tender closed, award pending

  30. 14 June 2022 · Land sales

    Pine Grove (Parcel A): Awarded

    Residential · status on 14 June 2022: Awarded · awarded to United Venture Development (No. 5) Pte. Ltd. at S$671,500,800

  31. 14 June 2022 · Land sales

    Dunman Road: Awarded

    Residential · status on 14 June 2022: Awarded · awarded to Sing-Haiyi Jade Pte. Ltd. at S$1,283,888,998

  32. 28 June 2022 · Land sales

    Bukit Batok West Avenue 5: Launched for tender, Confirmed List

    Residential (Executive Condominium units) · status on 28 June 2022: Tender open

  33. 31 August 2022 · Land sales

    Bukit Timah Link: Launched for tender

    Residential · status on 31 August 2022: Tender open

  34. 31 August 2022 · Land sales

    Hillview Rise: Launched for tender

    Residential · status on 31 August 2022: Tender open

  35. 13 September 2022 · Land sales

    Lentor Hills Road (Parcel B): Tender closed

    Residential · status on 13 September 2022: Tender closed, award pending

  36. 13 September 2022 · Land sales

    Lentor Central (13,444.3 sqm parcel): Tender closed

    Residential · status on 13 September 2022: Tender closed, award pending

  37. 13 September 2022 · Land sales

    Bukit Batok West Avenue 5: Tender closed

    Residential (Executive Condominium units) · status on 13 September 2022: Tender closed, award pending

  38. 19 September 2022 · Land sales

    Lentor Hills Road (Parcel B): Awarded

    Residential · status on 19 September 2022: Awarded · awarded to TID Residential Pte. Ltd. at S$276,360,000

  39. 19 September 2022 · Land sales

    Lentor Central (13,444.3 sqm parcel): Awarded

    Residential · 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

  40. 28 September 2022 · Land sales

    Bukit Batok West Avenue 5: Awarded

    Residential (Executive Condominium units) · status on 28 September 2022: Awarded · awarded to CDL Zenith Pte. Ltd. at S$336,068,000

  41. 29 September 2022 · Land sales

    Parry Avenue: Launched for Concept and Price tender

    Private assisted living and Health and Medical Care · status on 29 September 2022: Tender open

After (46)

  1. 31 October 2022 · Land sales

    Lentor Gardens: Launched for tender, Confirmed List

    Residential · status on 31 October 2022: Tender open

  2. 31 October 2022 · Land sales

    Lentor Central (14,703.2 sqm parcel): Released on the Reserve List

    Residential · status on 31 October 2022: On the Reserve List

  3. 3 November 2022 · Land sales

    Hillview Rise: Tender closed

    Residential · status on 3 November 2022: Tender closed, award pending

  4. 3 November 2022 · Land sales

    Bukit Timah Link: Tender closed

    Residential · status on 3 November 2022: Tender closed, award pending

  5. 15 November 2022 · Land sales

    Hillview Rise: Awarded

    Residential · status on 15 November 2022: Awarded · awarded to Far East Civil Engineering (Pte.) Limited and Sekisui House, Ltd. at S$320,777,000

  6. 15 November 2022 · Land sales

    Bukit Timah Link: Awarded

    Residential · status on 15 November 2022: Awarded · awarded to Bukit One Pte. Ltd. at S$200,001,888

  7. 25 November 2022 · Land sales

    Clementi Avenue 1: Released on the Reserve List

    Residential · status on 25 November 2022: On the Reserve List

  8. 25 November 2022 · Land sales

    Jalan Tembusu (20,572.1 sqm parcel): Released on the Reserve List

    Residential · status on 25 November 2022: On the Reserve List

  9. 25 November 2022 · Land sales

    Senja Close: Released on the Reserve List

    Executive Condominium residential · status on 25 November 2022: On the Reserve List

  10. 5 December 2022 · Land sales

    Marina Gardens Lane: Launched for tender

    Residential with commercial at 1st storey · status on 5 December 2022: Tender open

  11. 23 December 2022 · Land sales

    Tampines Avenue 11: Launched for tender, Confirmed List

    Mixed commercial and residential, integrated with a bus interchange, community club and hawker centre · status on 23 December 2022: Tender open

  12. 23 December 2022 · Land sales

    Plantation Close: Launched for tender, Confirmed List

    Executive Condominium housing · status on 23 December 2022: Tender open

  13. 14 February 2023 · Archive event

    Singapore raises the top marginal Buyer's Stamp Duty rates to 6% for residential and 5% for non-residential property

    Announced 14 February 2023

  14. 14 March 2023 · Land sales

    Jalan Tembusu (20,572.1 sqm parcel): Launched for tender

    Residential · status on 14 March 2023: Tender open

  15. 14 March 2023 · Land sales

    Tampines Street 62 (Parcel B): Launched for tender

    Executive Condominium residential · status on 14 March 2023: Tender open

  16. 21 March 2023 · Land sales

    Parry Avenue: Tender closed, concept and price

    Private assisted living and Health and Medical Care · status on 21 March 2023: Tender closed, award pending

  17. 4 April 2023 · Land sales

    Lentor Gardens: Tender closed

    Residential · status on 4 April 2023: Tender closed, award pending

  18. 12 April 2023 · Land sales

    Lentor Central (14,703.2 sqm parcel): Launched for tender, Confirmed List

    Residential · status on 12 April 2023: Tender open

  19. 12 April 2023 · Land sales

    Lentor Gardens (20,640.8 sqm parcel): Released on the Reserve List

    Residential · status on 12 April 2023: On the Reserve List

  20. 13 April 2023 · Land sales

    Lentor Gardens: Awarded

    Residential · status on 13 April 2023: Awarded · awarded to GuocoLand (Singapore) Pte. Ltd. and Intrepid Investments Pte. Ltd. at S$486,800,222

  21. 26 April 2023 · Archive event

    Singapore raises ABSD, doubling foreign-buyer rate from 30% to 60%

    Announced 26 April 2023

  22. 25 May 2023 · Land sales

    Champions Way: Launched for tender, Confirmed List

    Residential · status on 25 May 2023: Tender open

  23. 25 May 2023 · Land sales

    Lorong 1 Toa Payoh: Released on the Reserve List

    Residential · status on 25 May 2023: On the Reserve List

  24. 25 May 2023 · Land sales

    Punggol Walk: Released on the Reserve List

    Commercial · status on 25 May 2023: On the Reserve List

  25. 20 June 2023 · Land sales

    Parry Avenue: Awarded, concept and price

    Private assisted living and Health and Medical Care · status on 20 June 2023: Awarded · awarded to Pre 20 Pte. Ltd. at S$71,988,000

  26. 22 June 2023 · Land sales

    Jurong Lake District Master Developer site: Launched for Concept and Price tender

    White site · status on 22 June 2023: Tender open

  27. 27 June 2023 · Land sales

    Marina Gardens Lane: Tender closed

    Residential with commercial at 1st storey · status on 27 June 2023: Tender closed, award pending

  28. 27 June 2023 · Land sales

    Tampines Avenue 11: Tender closed

    Mixed commercial and residential, integrated with a bus interchange, community club and hawker centre · status on 27 June 2023: Tender closed, award pending

  29. 27 June 2023 · Land sales

    Plantation Close: Tender closed

    Executive Condominium housing · status on 27 June 2023: Tender closed, award pending

  30. 30 June 2023 · Land sales

    Marina Gardens Crescent: Launched for tender, Confirmed List

    Plot 1 White site; Plot 2 Open Space; Plots 3 and 4 subterranean link plots · status on 30 June 2023: Tender open

  31. 30 June 2023 · Land sales

    Media Circle: Launched for tender, Confirmed List

    Residential with commercial at 1st storey · status on 30 June 2023: Tender open

  32. 11 July 2023 · Land sales

    Marina Gardens Lane: Awarded

    Residential 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

  33. 11 July 2023 · Land sales

    Tampines Avenue 11: Awarded

    Mixed 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

  34. 18 July 2023 · Land sales

    Jalan Tembusu (20,572.1 sqm parcel): Tender closed

    Residential · status on 18 July 2023: Tender closed, award pending

  35. 18 July 2023 · Land sales

    Tampines Street 62 (Parcel B): Tender closed

    Executive Condominium residential · status on 18 July 2023: Tender closed, award pending

  36. 19 July 2023 · Archive event

    Singapore brings foreign purchases of Commercial and Residential zoned land under Residential Property Act approval, with transitional exemptions

    Announced 19 July 2023

  37. 10 August 2023 · Land sales

    Jalan Tembusu (20,572.1 sqm parcel): Awarded

    Residential · status on 10 August 2023: Awarded · awarded to Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd at S$828,800,000

  38. 15 August 2023 · Land sales

    Clementi Avenue 1: Launched for tender

    Residential · status on 15 August 2023: Tender open

  39. 15 August 2023 · Land sales

    Pine Grove (Parcel B): Launched for tender

    Residential · status on 15 August 2023: Tender open

  40. 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 Prime

    Announced 20 August 2023

  41. 5 September 2023 · Land sales

    Lorong 1 Toa Payoh: Launched for tender

    Residential · status on 5 September 2023: Tender open

  42. 11 September 2023 · Land sales

    Plantation Close: Awarded

    Executive 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

  43. 12 September 2023 · Land sales

    Lentor Central (14,703.2 sqm parcel): Tender closed

    Residential · status on 12 September 2023: Tender closed, award pending

  44. 12 September 2023 · Land sales

    Champions Way: Tender closed

    Residential · status on 12 September 2023: Tender closed, award pending

  45. 18 September 2023 · Land sales

    Lentor Central (14,703.2 sqm parcel): Awarded

    Residential · 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

  46. 18 September 2023 · Land sales

    Champions Way: Awarded

    Residential · status on 18 September 2023: Awarded · awarded to CDL Stellar Pte. Ltd. at S$294,889,000

Recorded relationships

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

    Open original source

  • 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

    Open original source

  • 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

    Open original source

  • MAS Notice 645 and accompanying TDSR guidance, as revised September 2022

    Monetary Authority of Singapore · Primary source · Publication date not recorded

    Open original source

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.