Those taking out HDB loans are affected by the tightened LTV limits, while all HDB buyers are affected by the lowered TDSR.
A 5% late payment penalty will be imposed on the unpaid tax if full payment is not received by the due date and if the taxpayer is not on an approved installment plan.
For residential property which is owner occupied, the owner can enjoy lower property tax rates.
Yes, you have to notify IRAS in writing within 15 days from the date of the change.
If you are facing financial difficulties in paying your property taxes, you can contact the IRAS and put in a request to make your payment via installments. These cases are however only approved on a case-to-case basis.