ARTICLE
Property Cooling Measure Effective 30th September 2022
Oct, 5
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5th Oct
2022 | By Industrialists Singapore
Singapore government has introduced yet another Property Cooling Measure just before the midnight of 29th September 2022 to tighten property loan borrowings in view of the increasing interest rate environment and also to cool off the HDB resale market. A higher interest rate of 0.5% will be taken as the medium-term stress test to compute the Total Debt Serving Ratio (TDSR) and Mortgage Servicing Ratio (MSR) for Residential & Non-Residential property.
Here's a snapshot of this new cooling measure from our post below! Follow us for more industrial property-related news and opportunities! 💪🏻
Read more about the Property Cooling Measures here:
https://www.straitstimes.com/business/property/stricter-borrowing-criteria-for-property-buyers-15-month-wait-for-private-property-owners-moving-to-hdb-flats
https://www.channelnewsasia.com/singapore/singapore-property-cooling-measures-loan-borrowing-criteria-hdb-ltv-limit-15-month-wait-out-period-2974776
https://www.zaobao.com.sg/finance/singapore/story20220930-1317977