New Cooling Measures!
- junxiangcc
- Oct 1, 2022
- 1 min read
MND has just released a new round of cooling measures. Here’s a summary:
1) MAS will raise by 0.5%-point the medium-term interest rate floor used to compute TDSR and MSR.
2) For HDB HLE computation, HDB will increase the interest rate floor from 2.6% to 3%.
3) The Loan-to-Value (LTV) limit for HDB housing loans will be decreased from 85% to 80%.
4) Temporary measure - Private sellers looking to downgrade to Resale HDB need to serve a wait-out period of 15 months (Except for seniors > 55).
Measures are only applied on OTPs issued on 30 September onwards.
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