30/09/2022
PROPERTY COOLING MEASURE
30 SEPTEMBER 2022
OBJECTIVE
PROMOTE SUSTAINABLE CONDITIONS IN PROPERTY MARKET
BANK LOAN
MSR (RESIDENTIAL) - 3.50% -> 4.00%
TDSR (RESIDENTIAL) - 3.50% -> 4.00%
TDSR (NON RESIDENTIAL - 4.50% -> 5.00%
HDB LOAN
HLE MSR - 2.60% -> 3.00%
LTV CUT - 85% LTV -> 80% LTV
HDB LOAN WILL CONTINUE TO BE PRICED AT 0.10% + CPF OA RATE
MODERATE DEMAND IN HDB RESALE MARKET
PRIVATE PROPERTY OWNER / EX-PRIVATE PROPERTY OWNER ->
TO WAIT OUT 15MONTHS PRIOR TO GRANTING AN OPTION TO PURCHASE FOR RESALE FLAT
SENIOR > 55YRS, DOWNGRADING TO 4-ROOM FLAT OR SMALLER, WILL NOT BE AFFECTED.
Wondering if this will affect you?
Let me know your questions ๐
Clarrie Chng
R061138J
SINGAPORE: The Government on Thursday (Sep 29) introduced a slew of new property cooling measures aimed at moderating demand amid rising market interest rates. The measures include tightening maximum loan quantum limits and introducing a 15-month wait-out period for private home owners buying Housin...