Friday, October 5, 2012

MAS restricts loan tenure for residential properties


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.


Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
Email: marshe_inc@yahoo.com.sg
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

| www.marshe.sg | www.marsheproperties.com.sg | www.hudcsg.blogspot.com |
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