This measure applies to private housing units purchased on and after July 4, 2025 and does not affect the owner of the HDB, because HDBs must comply with a minimum minimum life of residence (MOP) of at least five years. As of midday Friday, City Dev...
This measure applies to private housing units purchased on and after July 4, 2025 and does not affect the owner of the HDB, because HDBs must comply with a minimum minimum life of residence (MOP) of at least five years.
As of midday Friday, City Developments' share price fell 3.09% to 5.33 yuan; Singapore Land fell 2.6% to 2.25 yuan; Huaye Group (UOL) fell 2.72% to 6.44 yuan; PropNex fell 1.79% to 1.1 yuan, and APAC Industry (APAC Realty) fell 3.06% to 0.475 yuan. GuocoLand fell to 1.54 yuan, while CapitaLand Investment fell slightly to 2.69 yuan.
The government issued a statement on Thursday (3rd) announcing that in order to curb the phenomenon of housing speculation, the stamp duty holding period for private home sellers will be restored from three years to four years, and the tax rate for each grade is raised by four percentage points.
In other words, if the owner sells the unit within four years of buying a property, he or she will be required to pay a seller's stamp duty ranging from 4% to 16%.
After the government announced the hike of seller stamp duty (SSD), real estate stock prices generally fell in the early trading on Friday (July 4), reflecting investors' immediate response to the new round of regulatory measures.
Vijay Natarajan, an analyst at Industrial Bank of Singapore, said: "We believe that these measures are to some extent to deal with the decline in interest rates in advance. Currently, mortgage rates have dropped from around 4% to early 2%. Overall, we believe this is a slight intervention, just setting up a small "speed bump" in the process of sustainable recovery. The weakness of stock prices is only temporary, and we expect the market to continue to recover in the coming months."
