Monetary Authority of Singapore to Cap Tenure on New Residential Loans
Posted on 10/08/2012
The Monetary Authority of Singapore (MAS) is taking measures to alleviate a perceived future price bubble in Singapore residential properties. The monetary authority is restricting the tenure of all new residential property loans to 35 years. Loans that exceed the 30-year tenure will face more stringent loan-to value (LTV) ratios. In the press release, Mr. […]
