29/09/2022
30th Sept 2022
https://bit.ly/3E0WkZp
‼️Breaking News ‼️
Property Cooling Measure Summary
Objective
Promote Sustainable Conditions in Property Market
Prudent Borrowing - Financial Institutions
MSR (Residential) - 3.50% -> 4.00%
TDSR (Residential) - 3.50% -> 4.00%
TDSR (Non Residential - 4.50% -> 5.00%
Prudent Borrowing - HDB Board HLE 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 by above change.
To find out more on the recent updates and changes, pm us to discuss.