My last post on Round 7 was on 13 Jan 2013. The post is here.
...Frankly i am not sure if the recently introduced total debt servicing ratio ("TDSR") can be considered as Round 8. It sounds more like making sure all the banks are operating from the same set of guidelines to rein in both the "cowboy" bankers and the "cowboy" speculators.
The initial TDSR ratio is set at 60%. In other words, the ratio of total monthly debt obligations divided by gross monthly income must be less than 0.6.
One interesting TDSR calculation is that the "medium term interest rate" assumption of 3.5% for housing loans and 4.5% for non-housing loan. This is way above the current SIBOR and perhaps it is a signal to property buyers that the low interest rate environment is not going to last forever.
In addition, the computation ...