Policy before and after · Macroprudential
Singapore raises SSD to 16% to 4% over four years and tightens LTV limits again
Announced 13 January 2011 · Effective 14 January 2011
Read the full event recordCompare with another policyCreate research brief
Comparison window
Comparison anchored to effective date: 14 January 2011. Before: 16 October 2010 to 13 January 2011. After: 14 January 2011 to 13 April 2011. The same 90 days on each side; the anchor day counts as after.
Before · 16 Oct 2010 to 13 Jan 2011
14 land-sales awards
- 36 land-sales steps in all
- 1 other archive event
The event
Announced 13 Jan 2011
Effective 14 Jan 2011
The effective date is the anchor.
After · 14 Jan 2011 to 13 Apr 2011
12 land-sales awards
- 40 land-sales steps in all
- All 90 days observable
What this comparison can and cannot show
Generated from this window's records
Recorded
- 3 verified claims on this event record a before and an after value.
- 14 land-sales awards in the 90 days before the effective date, and 12 in the 90 observable days after.
- None of the 4 tracked series has a whole period on both sides of a 90-day window, so no market figure is compared.
Cannot be concluded
- That this event moved any figure on this page. The comparison is by date; nothing here is attributed to the event.
- A reading of the concurrent land sales and events as responses to this one. They are listed by date alone.
About this eventIssuing authority, category, affected market, primary source, summary
- Announced
- 13 January 2011
- Effective
- 14 January 2011
- Issuing authority
- Monetary Authority of Singapore, Ministry of National Development, Ministry of Finance
- Category
- Macroprudential
- Affected market
- Residential property acquired on or after 14 January 2011, and housing loans from MAS-regulated financial institutions to individuals with outstanding housing loans and to non-individual purchasers.
- Primary source
- Measures to maintain a stable and sustainable property market. Joint press release, Ministry of National Development, Ministry of Finance and Monetary Authority of Singapore, 13 January 2011.
On 13 January 2011 Singapore extended the Seller's Stamp Duty holding period to four years and replaced the progressive schedule with flat rates of 16%, 12%, 8% and 4%, reduced the loan-to-value limit to 60% for individuals with one or more outstanding housing loans, and imposed a 50% limit on non-individual purchasers.
In brief
In brief
- 14 GLS site awards were recorded in the before window and 12 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.
Observed around this event
View linked outcomesThe same statistic over the 90 days before and after the anchor. Figures describe what was recorded in each window; they do not attribute a change to this event.
Singapore private residential transactions, all types of sale
units · Total over whole quarterly periods inside each 90-day window
Before
None
Coverage 0/90 days
After
None
Coverage 0/90 days
Difference
Not stated
No whole quarterly period of this series falls inside either window, so no comparison is stated. A longer window may contain one.
Provenance
- Source
- Urban Redevelopment Authority
- Series kind
- FLOW
- Basis
- Observation periods wholly inside each window, values as originally recorded.
- Origin
- Calculated (sum of published period values)
- Shown because
- Mapped to this kind of event
Private Residential Property Price Index, All Residential
index (2009Q1=100) · Value in the latest whole quarterly period inside each 90-day window
Before
None
Coverage 0/90 days
After
None
Coverage 0/90 days
Difference
Not stated
No whole quarterly period of this series falls inside either window, so no comparison is stated. A longer window may contain one.
Provenance
- Source
- Urban Redevelopment Authority
- Series kind
- INDEX
- Basis
- Observation periods wholly inside each window, values as originally recorded.
- Origin
- Source fact (latest whole period)
- Shown because
- Mapped to this kind of event
HDB Resale Price Index
index (2009Q1=100) · Value in the latest whole quarterly period inside each 90-day window
Before
None
Coverage 0/90 days
After
None
Coverage 0/90 days
Difference
Not stated
No whole quarterly period of this series falls inside either window, so no comparison is stated. A longer window may contain one.
Provenance
- Source
- Housing & Development Board
- Series kind
- INDEX
- Basis
- Observation periods wholly inside each window, values as originally recorded.
- Origin
- Source fact (latest whole period)
- Shown because
- Mapped to this kind of event
URA Private Residential Property Price Index, all residential properties, level (1Q2009 = 100)
index
Comparison unavailable: series aggregation type is unresolved.
Provenance
- Source
- Urban Redevelopment Authority
- Series kind
- Unresolved (not recorded)
- Basis
- Observation periods wholly inside each window, values as originally recorded.
- Origin
- Unresolved
- Shown because
- Cited by this event's own outcomes
Concurrent planning and land activity
Land sales and other archive events dated inside the windows, listed by date only. Each land-sales line shows the site as the record stood on that day.
Before the effective date
37 lines
36 land-sales steps (14 awards) · 1 archive event
From the effective date
40 lines
40 land-sales steps (12 awards) · 0 archive events
Explore concurrent eventsHide concurrent events
Before (37)
21 October 2010 · Land sales
Pasir Ris Drive 1 / Elias Road: Tender closedExecutive Condominium housing · status on 21 October 2010: Tender closed, award pending
25 October 2010 · Land sales
Pasir Ris Drive 1 / Elias Road: AwardedExecutive Condominium housing · status on 25 October 2010: Awarded · awarded to ChoiceHomes Investments Pte Ltd / CEL Development Pte Ltd at S$89,888,000
26 October 2010 · Land sales
Seletar Road: Launched for tenderResidential · status on 26 October 2010: Tender open
26 October 2010 · Land sales
Punggol Central / Punggol Walk: Launched for tenderResidential · status on 26 October 2010: Tender open
27 October 2010 · Land sales
Stamford Road / North Bridge Road: AwardedCommercial · status on 27 October 2010: Awarded · awarded to Capitol Retail Management Pte. Ltd. (as trustee-manager of Capitol Retail Trust), Capitol Hotel Management Pte. Ltd. (as trustee-manager of Capitol Hotel Trust) & Capitol Residential Development Pte. Ltd. at S$250,000,000
2 November 2010 · Land sales
Bedok Reservoir Crescent: Tender closedDesign, Build and Sell Scheme public housing · status on 2 November 2010: Tender closed, award pending
2 November 2010 · Land sales
Robinson Road / Boon Tat Street: Launched for tenderHotel · status on 2 November 2010: Tender open
3 November 2010 · Land sales
Pioneer Road North / Soon Lee Street: Launched for tenderBusiness 2 · status on 3 November 2010: Tender open
4 November 2010 · Land sales
Bedok Reservoir Crescent: AwardedDesign, Build and Sell Scheme public housing · status on 4 November 2010: Awarded · awarded to CEL Development Pte Ltd at S$112,688,000
4 November 2010 · Land sales
Woodgrove Avenue: Tender closedStrata Landed or Condominium / Flats · status on 4 November 2010: Tender closed, award pending
9 November 2010 · Land sales
Upper Serangoon View: Tender closedCondominium or Flats · status on 9 November 2010: Tender closed, award pending
10 November 2010 · Land sales
Woodgrove Avenue: AwardedStrata Landed or Condominium / Flats · status on 10 November 2010: Awarded · awarded to Tampines Court Pte. Ltd at S$105,120,000
12 November 2010 · Land sales
Upper Serangoon View: AwardedCondominium or Flats · status on 12 November 2010: Awarded · awarded to FCL Topaz Pte. Ltd, Far East Civil Engineering (Pte.) Limited & Sekisui House, Ltd. at S$156,800,000
15 November 2010 · Land sales
Gopeng Street / Peck Seah Street: Launched for tenderHotel · status on 15 November 2010: Tender open
16 November 2010 · Land sales
Yuan Ching Road: Launched for tenderDesign, Build and Sell Scheme public housing · status on 16 November 2010: Tender open
16 November 2010 · Land sales
Peck Seah Street / Choon Guan Street: Tender closedWhite (Commercial / Hotel / Residential) · status on 16 November 2010: Tender closed, award pending
22 November 2010 · Land sales
Peck Seah Street / Choon Guan Street: AwardedWhite (Commercial / Hotel / Residential) · status on 22 November 2010: Awarded · awarded to Perfect Eagle Pte. Ltd., Guston Pte. Ltd. And Belmeth Pte. Ltd. at S$1,708,080,000
22 November 2010 · Archive event
Singapore lets the Controller of Residential Property charge housing developers for extensions of timeAnnounced 22 November 2010
23 November 2010 · Land sales
Tampines Avenue 8: Tender closedExecutive Condominium housing · status on 23 November 2010: Tender closed, award pending
25 November 2010 · Land sales
Tampines Avenue 8: AwardedExecutive Condominium housing · status on 25 November 2010: Awarded · awarded to Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd & SC Wong Holdings Pte Ltd at S$187,590,000
30 November 2010 · Land sales
Upper Serangoon Road: Tender closedDesign, Build and Sell Scheme public housing · status on 30 November 2010: Tender closed, award pending
30 November 2010 · Land sales
Punggol Central / Punggol Walk: Launched for tenderMixed commercial and residential · status on 30 November 2010: Tender open
1 December 2010 · Land sales
Pioneer Road North / Soon Lee Street: Tender closedBusiness 2 · status on 1 December 2010: Tender closed, award pending
2 December 2010 · Land sales
Segar Road: Tender closedExecutive Condominium housing · status on 2 December 2010: Tender closed, award pending
2 December 2010 · Land sales
Upper Serangoon Road: AwardedDesign, Build and Sell Scheme public housing · status on 2 December 2010: Awarded · awarded to Kwan Hwee Investment Pte Ltd at S$155,228,998
3 December 2010 · Land sales
Segar Road: AwardedExecutive Condominium housing · status on 3 December 2010: Awarded · awarded to Grand Isle Holdings Pte. Ltd. at S$181,990,000
7 December 2010 · Land sales
Punggol Central / Punggol Walk: Tender closedResidential · status on 7 December 2010: Tender closed, award pending
7 December 2010 · Land sales
Pioneer Road North / Soon Lee Street: AwardedBusiness 2 · status on 7 December 2010: Awarded · awarded to Kng Land Pte. Ltd. at S$26,920,000
10 December 2010 · Land sales
Punggol Central / Punggol Walk: AwardedResidential · status on 10 December 2010: Awarded · awarded to Sim Lian Land Pte Ltd & Sim Lian Development Pte Ltd at S$363,000,000
14 December 2010 · Land sales
Seletar Road: Tender closedResidential · status on 14 December 2010: Tender closed, award pending
16 December 2010 · Land sales
Seletar Road: AwardedResidential · status on 16 December 2010: Awarded · awarded to Asplenium Land Pte. Ltd. at S$123,000,000
5 January 2011 · Land sales
Yuan Ching Road: Tender closedDesign, Build and Sell Scheme public housing · status on 5 January 2011: Tender closed, award pending
5 January 2011 · Land sales
Robinson Road / Boon Tat Street: Tender closedHotel · status on 5 January 2011: Tender closed, award pending
6 January 2011 · Land sales
Robertson Quay: Launched for tenderHotel · status on 6 January 2011: Tender open
10 January 2011 · Land sales
Yuan Ching Road: AwardedDesign, Build and Sell Scheme public housing · status on 10 January 2011: Awarded · awarded to Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and SC Wong Holdings Pte Ltd at S$131,600,000
11 January 2011 · Land sales
Gopeng Street / Peck Seah Street: Tender closedHotel · status on 11 January 2011: Tender closed, award pending
11 January 2011 · Land sales
Robinson Road / Boon Tat Street: AwardedHotel · status on 11 January 2011: Awarded · awarded to Royal Group Holdings Pte Ltd at S$86,000,000
After (40)
14 January 2011 · Land sales
Gopeng Street / Peck Seah Street: AwardedHotel · status on 14 January 2011: Awarded · awarded to Golden Development Private Limited at S$194,770,000
18 January 2011 · Land sales
Bedok Reservoir Road: Launched for tenderResidential · status on 18 January 2011: Tender open
19 January 2011 · Land sales
Kaki Bukit Road 4: Launched for tenderBusiness 2 · status on 19 January 2011: Tender open
21 January 2011 · Land sales
Choa Chu Kang Drive: Launched for tenderExecutive Condominium housing · status on 21 January 2011: Tender open
21 January 2011 · Land sales
Sengkang Square / Compassvale Road: Launched for tenderCondominium or Flats · status on 21 January 2011: Tender open
21 January 2011 · Land sales
Bishan Street 14: Launched for tenderCondominium or Flats · status on 21 January 2011: Tender open
26 January 2011 · Land sales
Clementi Avenue 4: Launched for tenderDesign, Build and Sell Scheme public housing · status on 26 January 2011: Tender open
27 January 2011 · Land sales
Paya Lebar Road / Eunos Road 8: Launched for tenderCommercial · status on 27 January 2011: Tender open
31 January 2011 · Land sales
Ang Mo Kio Street 62: Launched for tenderBusiness 1 · status on 31 January 2011: Tender open
10 February 2011 · Land sales
Bartley Road / Lorong How Sun: Launched for tenderResidential · status on 10 February 2011: Tender open
15 February 2011 · Land sales
Punggol Central / Punggol Walk: Tender closedMixed commercial and residential · status on 15 February 2011: Tender closed, award pending
18 February 2011 · Land sales
Punggol Central / Punggol Walk: AwardedMixed commercial and residential · status on 18 February 2011: Awarded · awarded to Emerald Star Pte Ltd and FC Retail Trustee Pte Ltd (as Trustee of Sapphire Star Trust) at S$1,021,000,000
23 February 2011 · Land sales
Tampines Central 7: Launched for tenderExecutive Condominium housing · status on 23 February 2011: Tender open
23 February 2011 · Land sales
Bendemeer Road / Whampoa East: Launched for tenderCondominium or Flats · status on 23 February 2011: Tender open
23 February 2011 · Land sales
Kaki Bukit Road 4: Tender closedBusiness 2 · status on 23 February 2011: Tender closed, award pending
24 February 2011 · Land sales
Bishan Street 14: Tender closedCondominium or Flats · status on 24 February 2011: Tender closed, award pending
28 February 2011 · Land sales
Bishan Street 14: AwardedCondominium or Flats · status on 28 February 2011: Awarded · awarded to Bishan Residential Development Pte. Ltd. at S$550,100,000
28 February 2011 · Land sales
Hillview Avenue: Launched for tenderCommercial and Residential · status on 28 February 2011: Tender open
2 March 2011 · Land sales
Kaki Bukit Road 4: AwardedBusiness 2 · status on 2 March 2011: Awarded · awarded to Soon Hock Realty Pte. Ltd. at S$41,399,900
3 March 2011 · Land sales
Bedok Reservoir Road: Tender closedResidential · status on 3 March 2011: Tender closed, award pending
4 March 2011 · Land sales
Bedok Reservoir Road: AwardedResidential · status on 4 March 2011: Awarded · awarded to United Venture Development Pte. Ltd. at S$320,000,000
8 March 2011 · Land sales
Clementi Avenue 4: Tender closedDesign, Build and Sell Scheme public housing · status on 8 March 2011: Tender closed, award pending
8 March 2011 · Land sales
Robertson Quay: Tender closedHotel · status on 8 March 2011: Tender closed, award pending
10 March 2011 · Land sales
Clementi Avenue 4: AwardedDesign, Build and Sell Scheme public housing · status on 10 March 2011: Awarded · awarded to EL Development Pte Ltd at S$224,000,000
10 March 2011 · Land sales
Robertson Quay: AwardedHotel · status on 10 March 2011: Awarded · awarded to Novel Developments Pte. Ltd and New Vista Realty Pte. Ltd. at S$127,760,000
15 March 2011 · Land sales
Sengkang Square / Compassvale Road: Tender closedCondominium or Flats · status on 15 March 2011: Tender closed, award pending
16 March 2011 · Land sales
Pasir Ris Central / Pasir Ris Drive 1: Launched for tenderDesign, Build and Sell Scheme public housing · status on 16 March 2011: Tender open
18 March 2011 · Land sales
Sengkang Square / Compassvale Road: AwardedCondominium or Flats · status on 18 March 2011: Awarded · awarded to Keppel Land Realty Pte Ltd at S$286,790,000
22 March 2011 · Land sales
Choa Chu Kang Drive: Tender closedExecutive Condominium housing · status on 22 March 2011: Tender closed, award pending
29 March 2011 · Land sales
Sembawang Road / Jalan Sendudok: Launched for tenderCondominium / Flats (Serviced apartments will not be allowed) or Strata Landed Housing · status on 29 March 2011: Tender open
29 March 2011 · Land sales
Jalan Loyang Besar / Pasir Ris Drive 4: Launched for tenderResidential · status on 29 March 2011: Tender open
29 March 2011 · Land sales
Ang Mo Kio Street 62: Tender closedBusiness 1 · status on 29 March 2011: Tender closed, award pending
30 March 2011 · Land sales
Buangkok Drive / Sengkang East Drive: Launched for tenderCondominium or Flats · status on 30 March 2011: Tender open
30 March 2011 · Land sales
Boon Lay Way: Launched for tenderWhite (Commercial / Hotel / Residential) · status on 30 March 2011: Tender open
30 March 2011 · Land sales
Bartley Road / Lorong How Sun: Tender closedResidential · status on 30 March 2011: Tender closed, award pending
31 March 2011 · Land sales
Choa Chu Kang Drive: AwardedExecutive Condominium housing · status on 31 March 2011: Awarded · awarded to Camborne Developments Pte Ltd at S$170,100,000
31 March 2011 · Land sales
Ang Mo Kio Street 62: AwardedBusiness 1 · status on 31 March 2011: Awarded · awarded to Sim Lian Development Pte Ltd at S$128,128,128
1 April 2011 · Land sales
Bartley Road / Lorong How Sun: AwardedResidential · status on 1 April 2011: Awarded · awarded to Intrepid Investments Pte Ltd, Sunmaster Holdings Pte. Ltd. and TID Residential Pte. Ltd. at S$413,270,270
7 April 2011 · Land sales
Bendemeer Road / Whampoa East: Tender closedCondominium or Flats · status on 7 April 2011: Tender closed, award pending
11 April 2011 · Land sales
Bendemeer Road / Whampoa East: AwardedCondominium or Flats · status on 11 April 2011: Awarded · awarded to United Engineers Developments Pte Ltd at S$543,000,888
Methodology5 rules
- Comparison anchored to effective date: 14 January 2011. 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 sources5
Measures to maintain a stable and sustainable property market. Joint press release, Ministry of National Development, Ministry of Finance and Monetary Authority of Singapore, 13 January 2011.
Ministry of National Development · Primary source · Published 13 January 2011
Joint Press Release on Measures Relating to Residential Property, 10 March 2017, with the SSD annex recording the schedule cut to 12/8/4 over three years. Also carries the TDSR and MEW relaxation and the ACD and PHE stamp-duty regime.
Ministry of National Development · Primary source · Published 10 March 2017
Extension of the Holding Period of Seller's Stamp Duty and Higher SSD Rates for Residential Properties, 3 July 2025, with Table 1. Expressly reverts to the pre-2017 holding period and raises each tier by four percentage points.
Ministry of Finance · Primary source · Published 3 July 2025
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
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
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.