SINGAPORE: The Monetary Authority of Singapore (MAS) will restrict the tenure of loans granted by financial institutions for the purchase of residential properties, effective from 6 October.
MAS' move is part of the government's broader aim of avoiding a price bubble and fostering long-term stability in the property market.
The maximum tenure of all new residential property loans will be capped at 35 years.
In addition, loans exceeding 30 years' tenure will face significantly tighter loan-to-value (LTV) limits.
This will apply to both private properties and HDB flats.
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