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New home loan rules may cause 15% fall in demand
Property analysts said the new property loan curbs could cause housing demand to drop by up to 15 per cent over the next few months. On Friday evening, Singapore’s central bank introduced a Total Debt...
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New home loan rules a “structural measure”: Khaw
National Development Minister Khaw Boon Wan said the recent tightening of property loan rules granted by financial institutions is a structural measure to ensure a more stable property market, and is...
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MAS ruling spooks some overseas investors
Last Friday’s announcement by the Monetary Authority of Singapore (MAS) to cap the amount of income that Singaporeans can use to finance a property purchase is already having an impact in property...
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Loan rules aimed at those who over-stretch to invest
Citing the unsustainable low interest rate environment, National Development Minister Khaw Boon Wan yesterday singled out Singaporeans “who are stretching themselves buying second, third properties for...
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Buyers shift to smaller homes
The latest changes to the Total Debt Servicing Ratio (TDSR) by the Monetary Authority of Singapore (MAS) will see home buyers turning to smaller units to offset price hikes. The move is also expected...
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New regulations lead to fewer choices for home buyers
The new housing loan rules introduced by the Monetary Authority of Singapore (MAS) will severely limit the choices among second-time buyers, according to a Citibank report. Since the curbs took effect,...
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New measures won’t be expanded to non-property loans
The 60 percent cap on the Total Debt Servicing Ratio (TDSR) will not be expanded to include non-property loans anytime soon, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam, who...
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Private home sales to moderate after June spike
Although developers successfully sold 1,806 new private homes excluding executive condominiums (ECs) in the traditionally quiet month of June, the spike in primary sales is not expected to continue...
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New lending rules will lead to cautious developer bidding
The Monetary Authority of Singapore’s (MAS) latest move to encourage prudence in the home loans market will likely affect not just borrowers but also developers, according to Savills. Even before the...
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No credit bubble here: MAS
The Monetary Authority of Singapore has reacted strongly to a media article which claimed that Singapore was on the verge of an “Icelandic-style meltdown.” In a statement to the media, MAS said...
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MAS eases TDSR restrictions
The Monetary Authority of Singapore (MAS) on Monday eased the restrictive Total Debt Servicing Ratio (TDSR) on certain property buyers. Below is the full statement from MAS: The Monetary Authority of...
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TDSR curbs should not constrain genuine, long-term local investors
I refer to the report “MAS relaxes TDSR loan curbs for some homeowners” (Feb 11), and welcome the tweak to the loan policy. The Total Debt Servicing Ratio was introduced last June to encourage...
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Cooling measures have been effective
The curbs imposed by the government from 2009 to 2013 have not only controlled the property bubble, they were also an important complement to monetary policy, said the Monetary Authority of Singapore...
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StanChart sees further S’pore home price drop
COOLED DOWN MARKET, StanChart’s Asean CEO said the curbs ‘really prevented the bubble from forming. This downward adjustment in prices is not a very drastic and sharp drop. That would add to the...
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Is the time ripe to lift property cooling measures?
IT IS clear from a visit to showflats that the property market is a pale shadow of itself from a year ago, when the boom was in full swing. Back then, agents streamed in with home seekers in tow, cost...
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TDSR encourages prudent borrowing: MAS
There have been improvements to the risk profile of borrowers thanks to the Total Debt Servicing Ratio (TDSR) framework, according to the Monetary Authority of Singapore (MAS) in media reports....
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Ease ABSD for Singaporeans, urges Wing Tai boss
Wing Tai chairman Cheng Wai Keung has a solution for the property sector’s angst over the ABSD (additional buyer’s stamp duty): “Keep ABSD for foreign buyers but fine-tune it for Singaporeans who wish...
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Premature to ease property measures: MAS
While the recent property cooling measures are working, it is still too early to relax those measures since property prices remain high, said the Monetary Authority of Singapore (MAS) and reported in...
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Residential property loans up 7%
Housing and bridging loans rose by seven percent to $172.6 billion in July from $161.2 billion a year ago, according to the latest data from the Monetary Authority of Singapore (MAS) as reported in the...
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Home prices correction not there yet
PROPERTY prices in Singapore have not seen a “meaningful correction” yet, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam on Tuesday. “We have seen some correction in both...
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