Increase of Seller Stamp Duty (SSD):
If property is sold within 1st year, the SSD = 16% of selling price.
If property is sold within 2nd year, the SSD = 12% of selling price.
If property is sold within 3rd year, the SSD = 8% of selling price.
If property is sold within 4th year, the SSD = 4% of selling price.
Higher Cash upfront for 2nd home loan:
Usually, the cash upfront needed for property purchase is at 5%. However, the new ruling state that for 2nd property loan, the cash upfront will increase to 10%.
2nd home loan and onwards capped at 60%:
Loan Structure for 2nd home loan and onwards
1st 10% = Cash only
2nd 30% = Cash or CPF
Home loan = Capped at 60%