{"id":59914,"date":"2022-10-05T13:26:00","date_gmt":"2022-10-05T05:26:00","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=59914"},"modified":"2022-10-10T17:19:38","modified_gmt":"2022-10-10T09:19:38","slug":"new-property-cooling-measures-2022","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/new-property-cooling-measures-2022\/","title":{"rendered":"Property Cooling Measures 2022 : Higher Interest Rate Floors, HDB LTV Lowered to 80% and Other Updates"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n\n\n<p>As US interest rates continue to rise, the Monetary Authority of Singapore (MAS), Ministry of National Development (MND) and Housing and Development Board (HDB) have taken a pre-emptive step to introduce new cooling measures (albeit &#8216;temporary&#8217; and subject to continuous review and updates).<\/p>\n\n\n\n<p>The move is aimed at promoting more prudent borrowing and avoiding future difficulties for homeowners to <a href=\"https:\/\/www.99.co\/singapore\/insider\/why-take-fixed-rate-home-loan-mortgage\/\" target=\"_blank\" rel=\"noopener\">service their home loans<\/a>.<\/p>\n\n\n\n<p>As mortgage interest rates pegged to the 3-month Compounded <a href=\"https:\/\/www.99.co\/singapore\/insider\/sora-pegged-home-loan-5-key-things-switching-sor-sibor\/\" target=\"_blank\" rel=\"noopener\">Singapore Overnight Rate Average (SORA)<\/a> continue to rise, the government expects this rise to continue into 2023 along with <a href=\"https:\/\/www.99.co\/singapore\/insider\/banks-revising-home-loan-mortgage-rates-fed-interest-hike-homeowners\/\" target=\"_blank\" rel=\"noopener\">rising US interest rates<\/a>, before settling at a higher level (compared to previous lows between 2013-2021).<\/p>\n\n\n\n<p style=\"border: 0.8px solid #808080; font-size: 17px; padding: 15px; text-align: left;\"><i>Know your loan eligibility: <a href=\"https:\/\/www.99.co\/singapore\/tools\/affordability-calculator\" target=\"_blank\" rel=\"noopener\">99.co Affordability Calculator<\/a><\/i><\/p>\n\n\n\n<p>Here then are the measures:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1-higher-medium-term-interest-rate-floor-for-bank-and-hdb-housing-loan-eligibility\">1. Higher medium-term interest rate floor for bank and HDB housing loan eligibility<\/h2>\n\n\n\n<p>a. For property loans from private financial institutions (eg. banks), MAS will raise the medium-term interest rate floor to compute the <a href=\"https:\/\/www.99.co\/singapore\/insider\/property-jargon-of-the-day-total-debt-servicing-ratio-tdsr\/\" target=\"_blank\" rel=\"noopener\">Total Debt Servicing Ratio (TDSR)<\/a> and <a href=\"https:\/\/www.99.co\/singapore\/insider\/property-jargon-of-the-day-mortgage-servicing-ratio-msr\/\" target=\"_blank\" rel=\"noopener\">Mortgage Servicing Ratio (MSR)<\/a> by 0.5% point.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>This applies to loans for the purchase of properties where the Option to Purchase (OTP) is granted on or after 30 September 2022. If there is no OTP, then for Sale and Purchase Agreements dated on or after 30 September 2022.<\/li><li>While there is an interest rate floor for calculating TDSR and MSR, private financial institutions will ultimately still determine the actual interest rates charged for mortgages.<br><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/09\/Interest-rate-floor.jpg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"wp-image-59916 size-full\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/09\/Interest-rate-floor.jpg\" alt=\"Interest rate floor to compute TDSR and MSR\" width=\"846\" height=\"209\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/09\/Interest-rate-floor.jpg 846w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/09\/Interest-rate-floor-150x37.jpg 150w\" sizes=\"(max-width: 846px) 100vw, 846px\" \/><\/a><\/li><\/ul>\n\n\n\n<p>From 30 September 2022, banks will calculate applicants&#8217; TDSR and MSR from a new medium-term interest rate &#8211; such as the higher 4% per annum floor or thereafter interest rate (for residential property purchase loans and mortgage equity withdrawal).<\/p>\n\n\n\n<p>b. For housing loans granted by HDB, HDB will introduce an interest rate floor of 3% for computing eligible loan amounts.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The interest rate floor applies to fresh applications for an HDB Loan Eligibility (HLE) letter received on or after 30 September 2022, 00:00 hours.<\/li><li>This will not impact existing HLE applications received by HDB before this time.<\/li><li>This does not affect the actual HDB concessionary interest rate, which remains unchanged at 2.6% per annum.<\/li><\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/09\/HDB-Interest-rate-floor.jpg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" width=\"832\" height=\"300\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/09\/HDB-Interest-rate-floor.jpg\" alt=\"HDB Interest rate floor New cooling measures\" class=\"wp-image-59917\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/09\/HDB-Interest-rate-floor.jpg 832w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/09\/HDB-Interest-rate-floor-150x54.jpg 150w\" sizes=\"(max-width: 832px) 100vw, 832px\" \/><\/a><figcaption>The new interest rate floor of 3% to compute HDB concessionary housing loan amounts will affect you if the above documents are submitted on or after 30 September 2022.<\/figcaption><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2-lower-loan-to-value-limit-for-hdb-housing-loans-85-to-80\">2. Lower Loan-to-Value limit for HDB housing loans (85% to 80%)<\/h2>\n\n\n\n<p>Loan-to-Value limit for HDB housing loans will be lowered from the previous 85% to 80%. This lower LTV limit applies to new flat applications for sales exercises launched (including the upcoming HDB BTO November 2022 launch) and completed resale applications received by HDB on or after 30 September 2022.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-15-month-wait-for-private-property-owners-below-55-years-old-buying-non-subsidised-hdb-resale-flat\">3. 15-month Wait for Private Property Owners (below 55 years old) buying non-subsidised HDB resale flat<\/h2>\n\n\n\n<p>To moderate demand in the HDB resale market, there is now a wait-out period of 15 months for private residential property owners (PPOs) and ex-PPOs to buy a non-subsidised HDB resale flat.<\/p>\n\n\n\n<p>What this means is that private homeowners who are buying a non-subsidised HDB resale flat from the open market will not only have to dispose of their private properties, but they also have to wait 15 months after the disposal of their private properties before they are eligible to buy the non-subsidised HDB resale flat.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/07\/HDB-resales-procedure.jpg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" width=\"722\" height=\"410\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/07\/HDB-resales-procedure.jpg\" alt=\"HDB-resales-procedure\" class=\"wp-image-54376\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/07\/HDB-resales-procedure.jpg 722w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/07\/HDB-resales-procedure-160x90.jpg 160w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/07\/HDB-resales-procedure-256x144.jpg 256w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/07\/HDB-resales-procedure-150x85.jpg 150w\" sizes=\"(max-width: 722px) 100vw, 722px\" \/><\/a><figcaption>Expect a slowdown in high-value (read: million-dollar) HDB resale transactions as private homeowners (aged 54 and below) who want to buy a non-subsidised HDB flat must wait 15 months after disposing of their private properties before they can buy the flat. This rule does not apply to seniors aged 55 and above who moving to a 4-room or smaller HDB resale flat.<\/figcaption><\/figure><\/div>\n\n\n<p>While this is a temporary measure to moderate demand for resale flats (for example, million-dollar resale HDB flats), the agencies will continue to review overall demand and market changes when necessary. Note that the wait-out period for PPOs who are first-timers and wish to apply for CPF Housing Grant and Enhanced CPF Housing Grant for their flat purchase remains unchanged at 30 months.<\/p>\n\n\n\n<p>There is some good news, however.<\/p>\n\n\n\n<p>For seniors aged 55 and above who move from their private property to a 4-room or smaller resale flat, the wait-out period will not apply to them. Senior PPOs\/ex-PPOs can buy a 2-room Flexi flat on short lease (if aged 55 and above) and Community Care Apartment (if aged 65 and above) from HDB. <br><\/p>\n\n\n\n<p>Affected owners can also approach HDB for assistance if they face extenuating circumstances (eg. financial difficulties) and HDB will review their situation on a case-by-case basis.<\/p>\n\n\n\n<p>This new measure takes effect from 30 September 2022. This is a temporary measure which will be reviewed in the future depending on overall market conditions and demand.<\/p>\n\n\n\n<p>&#8211;<\/p>\n\n\n\n<p>According to the agencies, these measures are not expected to affect first-timer and lower-income flat buyers significantly, as they may receive housing grants of up to S$80,000 when buying a subsidised flat directly from HDB, or up to S$160,000 when buying a resale flat.<\/p>\n\n\n\n<p>They can also tap on their CPF savings to pay for their flat purchase, which would reduce the loan amount they need to take.<\/p>\n\n\n\n<p>&#8211;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-the-above-changes-will-impact-private-property-home-loan-borrowers\">How the above changes will impact Private Property Home Loan Borrowers<\/h2>\n\n\n\n<p>The changes above will affect the maximum amount a borrower can loan. The simulation below shows that borrowers&#8217; maximum loan amount will reduce by 5.9% if comparing the medium-term rates before and after 30 September 2022 for the purchase of a private property.<\/p>\n\n\n\n<p>So from an estimated maximum loan of S$1,224,823 before 30 September (at a medium-term rate of 3.5%), the new maximum is now estimated to be at S$1,152,037 (at 4.0%).<\/p>\n\n\n\n<h3 class=\"has-normal-font-size wp-block-heading\"><strong>Home buyer buying a private property before and after 30 September 2022<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><\/td><td><strong>Estimated maximum loan<\/strong><\/td><td><strong>Estimated maximum purchase price<\/strong><\/td><td><strong>Estimated monthly installment<\/strong><\/td><\/tr><tr><td><strong>Medium Term Rate 3.5%<\/strong><\/td><td>S$1,224,823<\/td><td>S$1,633,097<\/td><td>S$4,935<\/td><\/tr><tr><td><strong>Medium Term Rate 4.0%<\/strong><\/td><td>S$1,152,037<\/td><td>S$1,536,049<\/td><td>S$4,639<\/td><\/tr><tr><td><strong>Absolute Difference<\/strong><\/td><td>S$72,786<\/td><td>-S$97,047<\/td><td>-S$296<\/td><\/tr><tr><td><strong>Percentage Difference<\/strong><\/td><td>-5.90%<\/td><td>-5.90%<\/td><td>-6.00%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Assuming: S$10,000 gross monthly income and loan tenure of 30 years for maximum loan amount<\/li><li>Assuming 3-month SORA interest rate loan at 2.65% and loan tenure 30 years<\/li><\/ul>\n\n\n\n<p class=\"has-small-font-size\"><em>** Source: Huttons Research<\/em><\/p>\n\n\n\n<p>For the same property, buyers are forced to cough up more in upfront cash to make up the difference. This will have some impact on demand as they hold back on their purchases.<\/p>\n\n\n\n<p>&#8220;Developers may defer some launches to next year,&#8221; said Mr Lee Sze Teck, Senior Director (Research), from Huttons Asia. &#8220;Transaction volume may be slower in the next three months. We will probably see new sales transaction volume of around 8,000 units, lower than our initial forecast of up to 9,000 units in 2022.&#8221;<\/p>\n\n\n\n<p>However, Lee does not think prices are likely to be affected. &#8220;For existing launches in the market, most of them have sold 80% or more of their units, and it will be business as usual.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-the-above-changes-will-impact-hdb-home-loan-borrowers\">How the above changes will impact HDB Home Loan Borrowers<\/h2>\n\n\n\n<p>With the changes to the HDB floor rate and lower LTV ratio for HDB concessionary loans (85% to 80%), the loan amount HDB buyers can borrow is smaller and should be able to be covered through grants. The example below reflects the difference if a buyer purchases an HDB flat and applies for an HDB home loan (from a bank) before and after 30 September 2022.<\/p>\n\n\n\n<h3 class=\"has-normal-font-size wp-block-heading\"><strong>Home buyer buying an HDB flat before and after 30 September 2022<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>&nbsp;<\/td><td><strong>Estimated maximum loan<\/strong><\/td><td><strong>Estimated maximum purchase price<\/strong><\/td><td><strong>Estimated monthly instalment<\/strong><\/td><\/tr><tr><td><strong>Medium Term Rate 3.5%<\/strong><\/td><td>S$359,552<\/td><td>S$479,402<\/td><td>S$1,640<\/td><\/tr><tr><td><strong>Medium Term Rate 4.0%<\/strong><\/td><td>S$341,014<\/td><td>S$454,686<\/td><td>S$1,556<\/td><\/tr><tr><td><strong>Absolute Difference<\/strong><\/td><td>-S$18,537<\/td><td>-S$24,716<\/td><td>-S$84<\/td><\/tr><tr><td><strong>Percentage Difference<\/strong><\/td><td>-5.20%<\/td><td>-5.20%<\/td><td>-5.10%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-small-font-size\"><em>&#8211; Assuming: S$6,000 gross monthly income and loan tenure of 25 years for maximum loan amount<br>&#8211; Assuming an interest rate of 2.65% and loan tenure 25 years<\/em><br><em>** Source: Huttons Research<\/em><\/p>\n\n\n\n<p>&#8220;The spate of million-dollar flats transactions in recent months were partly driven by private property owners. Many of them paid for the resale HDB flats in cash without the need for a loan. This has an overall uplifting effect on the HDB resale market,&#8221; said Lee.<\/p>\n\n\n\n<p>He expects HDB resale prices to likely stabilise further in Q4 2022 and forecasts no more than a 10% increase in price and volume in 2022.<\/p>\n\n\n\n<p>&#8211;<\/p>\n\n\n    <section id=\"portal-widget-tab-panel-6a2fb83671096\" class=\"portal-widget-tab-panel\">\n        <div class=\"swiper-container\" id=\"swiper-container-6a2fb83671096\">\n                        <div class=\"row-title-widget\">\n                <div class=\"portal-widget-carousel-title-left\"><h4 class=\"portal-widget-title\">Properties for sale in Singapore<\/h4><\/div>\n                <div class=\"portal-widget-carousel-title-right text-right\"><span class=\"portal-widget-see-all-link link-top\"><a href=\"\" class=\"nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale?listing_type=sale&amp;map_bounds=1.133448%2C103.652024%2C1.496019%2C104.042157&amp;name=Singapore&amp;page_num=1&amp;page_size=35&amp;path=%2Fsingapore%2Fsale&amp;property_segments=residential&amp;query_coords=1.354883%2C103.817413&amp;query_ids=singapore&amp;query_limit=radius&amp;query_type=city&amp;radius_max=1000&amp;rental_type=&amp;show_cluster_preview=true&amp;show_description=true&amp;show_future_mrts=true&amp;show_internal_linking=true&amp;show_meta_description=true&amp;show_nearby=true&amp;zoom=11&utm_source=blog&utm_medium=widget\">See all listings<\/a><\/span><\/div>\n            <\/div>\n                        <div class=\"portal-widget-carousel swiper-wrapper\">\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/PzJNFTNU3DTmwCF68xf6GB?text=Audrey+Liu+Yanjun&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=c8f51a11c41b82ae7dc86f92cf5b03923311fb8c\" alt=\"891 Tampines Avenue 8 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">891 Tampines Avenue 8<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 520891 \u00b7 D18<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,076 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 660,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/891-tampines-avenue-8-hdb-J6rPZXs9rtpxb56XKDTNJ9?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/QNGmfdEkinGzQKjriRsN5C?text=Caroline+Cheng&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=9d14969e54eb10410a151919c67d775faea6afdb\" alt=\"Heritage View Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Heritage View<\/div>\n                            <div class=\"card-text card-subtitle\">6 Dover Rise \u00b7 D5<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <span>2,616 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 4,500,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/heritage-view-condo-Lj229mSm5Xqi6JdtkzdMML?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/LVLcfSjBo8h429QiY6DsHk?text=Huang+Limin&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=a626395cd2ebb8c0bafa60fdb6d09d047b91a98a\" alt=\"93B Telok Blangah Street 31 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">93B Telok Blangah Street 31<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 102093 \u00b7 D4<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,001 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,120,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/93b-telok-blangah-street-31-hdb-TMETBGfp7qeYPvsrB5DUkF?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/CLJLtkyhRwwWWhUddihDuX?text=Benson+Yeo&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=80d4545cfec28699ad35f057f03a121e7db84d4f\" alt=\"The Santorini Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">The Santorini<\/div>\n                            <div class=\"card-text card-subtitle\">21 Tampines St 86 \u00b7 D18<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>527 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 780,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/the-santorini-condo-Tzx4J3PJ7fPGssAYY7Sq4k?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/3vYmESEihj87dU58j9HcWX?text=THERASA+LEE&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=80aac6fc0eef63a40a3f94abad3e567ea8f6d769\" alt=\"Spottiswoode Residences Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Spottiswoode Residences<\/div>\n                            <div class=\"card-text card-subtitle\">48 Spottiswoode Pk Rd \u00b7 D2<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>592 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,360,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/spottiswoode-residences-condo-PPFMj6GLrN8V3LWE9roCuG?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/46yRbiMuxiu2oTABfGxDJD?text=James+Harley&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=88a7916d44705a2c7ae03bf293c36ac693a9239d\" alt=\"7 Teck Whye Avenue Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">7 Teck Whye Avenue<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 680007 \u00b7 D23<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,421 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 645,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/7-teck-whye-avenue-hdb-2LkehZSUHL7JMJZBcgqqiU?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/kTvGoa4siiEFeNUwF8PCQU?text=Jacqueline+Oon&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=7af7c7c13fe97bca48a2095928a3be4fc0c3f070\" alt=\"504 Bukit Batok Street 52 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">504 Bukit Batok Street 52<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 650504 \u00b7 D23<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>645 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 400,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/504-bukit-batok-street-52-hdb-SrWPgSLe5TuwktPgeRKE3Q?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/MamzPR3Y66LGmJszkqCdNm?text=Sherry+Ang&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=ebd5ccaf8a7b08e4eaf996adbc57c111c80905d7\" alt=\"Riverparc Residence Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Riverparc Residence<\/div>\n                            <div class=\"card-text card-subtitle\">90 Punggol Dr \u00b7 D19<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,227 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,799,999<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/riverparc-residence-condo-Un6UBpEF3n89irHBDGqpwn?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/ATcjAe89wmrNdEdrsrxBD3?text=Alex+Ang&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=214c64875f59c44257f2ccbd4fdecefc868964bb\" alt=\"539 Bukit Panjang Ring Road Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">539 Bukit Panjang Ring Road<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 670539 \u00b7 D23<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,076 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 590,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/539-bukit-panjang-ring-road-hdb-MqKHqzTLN8sWe7UVQmd3pc?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/iqoKxrQUwaXfVZesLjJpkG?text=Shafik+Yusope&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=e256fb065be76c5a176e8f2599f1bfdddfde0166\" alt=\"Normanton Park Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Normanton Park<\/div>\n                            <div class=\"card-text card-subtitle\">49 Normanton Pk \u00b7 D5<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>517 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,050,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/normanton-park-condo-A7KoeCjJUBNABExVHrxqdB?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/ru3MtPNMYUBNYVNzoZiw5W?text=LYNN+HUANG+S+C&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=543143d52ede85652df14c6a03b9b1428340f495\" alt=\"687B Woodlands Drive 75 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">687B Woodlands Drive 75<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 732687 \u00b7 D25<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,227 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 635,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/687b-woodlands-drive-75-hdb-DmjM5DZpNA586Prz88Zkvo?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/CNGxEirYGZGnfYg3hkept7?text=Agnes+Yong+Ah+Nguk&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=2fe992a13327c018d0fc4bf5605f34146df1805e\" alt=\"One Balmoral Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">One Balmoral<\/div>\n                            <div class=\"card-text card-subtitle\">1 Balmoral Rd \u00b7 D10<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,657 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 4,500,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/one-balmoral-condo-QY83S3BNMBhBFSX5xr5oos?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/vv4KUoZD2p5MWGmQqAcjoU?text=Jeffrey+Ng&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=4bf58f4f579727d2d5da8d2904231094aa19ece3\" alt=\"28 Telok Blangah Rise Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">28 Telok Blangah Rise<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 090028 \u00b7 D4<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>1<\/span>\n                                <\/div>\n                                <div >\n                                    <span>753 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 398,888<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/28-telok-blangah-rise-hdb-kDkra4wYQWytAPhBvb7Dtd?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/VNPfozRgmDZM6jCB2XgWYA?text=Esther+Whong&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=d3061a3f7eb69b4396b23800f12fdce2e48c8f56\" alt=\"230 Lorong 8 Toa Payoh Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">230 Lorong 8 Toa Payoh<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 310230 \u00b7 D12<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,260 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 715,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/230-lorong-8-toa-payoh-hdb-FnheH95rqQL3wcL2vW8qxL?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/o9vHgS57hwJwZXHiMSQwdS?text=Willy+Ng&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=08c039e311a31f546c998dde6022aaf5a05c28d4\" alt=\"Tembusu Grand Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Tembusu Grand<\/div>\n                            <div class=\"card-text card-subtitle\">96 Jln Tembusu \u00b7 D15<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>5<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>6<\/span>\n                                <\/div>\n                                <div >\n                                    <span>2,691 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 7,888,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/tembusu-grand-condo-8KXRSasSddBhtFFxVu76h3?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/vr8ou4ezUDWZuBnTQ9bepS?text=Bob+Chan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=e48fc2b2e545d2cbde7b9d9d3f65f0b899ea6218\" alt=\"11 Farrer Park Road Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">11 Farrer Park Road<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 210011 \u00b7 D8<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>969 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 980,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/11-farrer-park-road-hdb-nAjUDQnCkCDQAvLg5qcpwh?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/vfWkzPrDEBZxqjp56iwfHb?text=Gilad+Coppersmith&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=0f55384989f46b242397a0f83eb802ed98e73741\" alt=\"Aspen Loft Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Aspen Loft<\/div>\n                            <div class=\"card-text card-subtitle\">170 Joo Chiat Terrace \u00b7 D15<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,012 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,888,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/aspen-loft-condo-BAJX9wwwGrxRB6RGXm2z7N?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/fxD68Sb3SwumwNFDSGRYX2?text=TAN+MAY+SHING%2C+GRACE&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=46b961d9b7b909afaba3b3f6fd86588e5f73cc9b\" alt=\"601 Bedok Reservoir Road Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">601 Bedok Reservoir Road<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 470601 \u00b7 D16<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,302 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 650,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/601-bedok-reservoir-road-hdb-H4HEaFG4Tp3SaaJfcS6uQu?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/dgY3bRNwwmAUPVq9J5gPnQ?text=Sandy+Goh&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=8962409cb57a9879a52da48dba01e1ba04732b35\" alt=\"321 Woodlands Street 32 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">321 Woodlands Street 32<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 730321 \u00b7 D25<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>127 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 999,999<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/321-woodlands-street-32-hdb-4YVX2fPDHrK7XFSCkuGssa?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/MV5VZqToYN9bAkC3MmUuES?text=Alton+Boo&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=4d4c957842055fc9f007b5b1f7bd231958cfeffa\" alt=\"Wallich Residence Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Wallich Residence<\/div>\n                            <div class=\"card-text card-subtitle\">3 Wallich St \u00b7 D2<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,658 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 6,300,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/wallich-residence-condo-fuZMFQMPKrSyJeRHSNZNv7?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                            <\/div>\n            <!-- Add Arrows -->\n            <div class=\"swiper-button-next\"><\/div>\n            <div class=\"swiper-button-prev\"><\/div>\n                    <\/div>\n    <\/section>\n\n\n\n\n<p>&#8211;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs-on-new-property-cooling-measures-2022\">FAQs on New Property Cooling Measures 2022<\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1664528512315\"><strong class=\"schema-faq-question\">What are the new property cooling measures introduced on and after 30 September 2022?<\/strong> <p class=\"schema-faq-answer\">The three key measures are a higher medium-term interest rate floor for bank and HDB housing loan calculations, lower loan-to-value limit for HDB housing loans and a 15-month wait for private property owners intending to buy a non-subsidised HDB resale flat.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1664528521506\"><strong class=\"schema-faq-question\">What are the new medium-term interest rate floors for bank and HDB housing loan calculations?<\/strong> <p class=\"schema-faq-answer\">For financial institutions like banks, the floors are 4% per annum or thereafter for residential properties and 5% per annum for non-residential properties. For HDB housing loans issued by HDB, it will be 3%.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1664528538122\"><strong class=\"schema-faq-question\">Who does the 15-month waiting rule apply to?<\/strong> <p class=\"schema-faq-answer\">The rule applies to private residential property owners (PPOs) and ex-PPOs (aged 54 and below) who are buying a non-subsidised HDB resale flat (any size). For seniors aged 55 and above, the rule applies if they intend to buy a 5-room or executive resale flat. They will have to wait 15 months after selling their private properties before they&#8217;re able to buy a non-subsidised HDB resale flat.<\/p> <\/div> <\/div>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-what-are-your-thoughts-on-these-new-financial-prudence-cooling-measures-let-us-know-in-the-comments-section-below\">What are your thoughts on these new financial prudence cooling measures? Let us know in the comments section below.<\/h4>\n\n\n\n<p>If you found this article helpful, 99.co recommends <a href=\"https:\/\/www.99.co\/singapore\/insider\/cooling-measures-announced-absd-tdsr-ltv-16-december-2021\/\" target=\"_blank\" rel=\"noopener\">Cooling measures announced \u2013 ABSD, TDSR and LTV \u2013 effective from midnight 16 December 2021<\/a> and <a href=\"https:\/\/www.99.co\/singapore\/insider\/effect-new-cooling-measures-property-activity\/\" target=\"_blank\" rel=\"noopener\">How will the new cooling measures affect property activity?<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Related Articles:<\/h5>\n\n\n","protected":false},"excerpt":{"rendered":"<p>As US interest rates continue to rise, the Monetary Authority of Singapore (MAS), Ministry of National Development (MND) and Housing and Development Board (HDB) have taken a pre-emptive step to introduce new cooling measures (albeit &#8216;temporary&#8217; and subject to continuous review and updates). The move is aimed at promoting more prudent borrowing and avoiding future&hellip;<\/p>\n","protected":false},"author":109,"featured_media":57515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"59689,41211,48223,7749,49898,36790","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"no","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53601,53593,53631,57131],"tags":[57186,53787,53917,55040,55029,53918,53680],"persona":[57125,57127,57126,57128],"class_list":{"2":"type-post","22":"entry","23":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- 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joint statement on late 29 September 2022 with new cooling measures on loans to promote more prudent borrowing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.99.co\/singapore\/insider\/new-property-cooling-measures-2022\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/99dotco\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-05T05:26:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-10T09:19:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/hdb-block-with-singapore-flag-national-day.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1120\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Terence Ang\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" 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