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World Infromation / Blog : No.10237 : LTV limit on housing loans granted by financial institutions regulated by MAS from 70% to 60%
Posted by agt on March 27, 2012 at 09:55:06:
In Reply to: SG Singapore Home Property Questions and Answers posted by Property Agents on June 22, 2007 at 00:06:12:
Borrowers who can show evidence that they have sold their existing properties will not be subject to the lower LTV limit when they buy a new property.
private property: he can show a signed Sale Purchase (SP) agreement with the IRAS certificate showing that stamp duty has been paid on it.
HDB flat: he can show HDB’s approval letter to sell the flat, that HDB will issue within 2 weeks of the First Appointment.
These borrowers will still be able to borrow at an 80% LTV from financial institutions.
Borrowers without any outstanding housing loans continue to have a LTV cap of 80%.