October 1, 2022

Property Cooling Measures 2022 : Higher Interest Rate Floors, HDB LTV Lowered to 80% and Other Updates

As US interest rates continue to rise, the Monetary Authority of Singapore (MAS), Ministry of National Development (MND) and Housing and Development Board (HDB) have taken a pre-emptive step to introduce new cooling measures (albeit ‘temporary’ and subject to continuous review and updates). The move is aimed at promoting more prudent borrowing and avoiding future…

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