To promote sustainable conditions in the property market by moderating housing demand and ensuring prudent borrowing, the government introduced a slew of new property cooling measures on 30th September 2022. Under the new rules, MAS will raise by 0.5%-point the medium-term interest rate floor used to compute the Total Debt Servicing Ratio (TDSR) for property loans. In addition, private home owners purchasing non-subsidised resale flats must observe a 15-month wait out period. The rules do not apply to seniors aged 55 and above who are moving from their private properties to a 4-room or smaller resale flat.