Below are the latest measures to further stabilise the HDB resale market. It is extracted from HDB. To me, the policy to stop new PRs from entering the resale HDB until after three years comes too late. The damage has been done as there are too many PRs already here for the last 5-6years. This group of people had flooded Singapore with "super hot money" and jacked up housing prices. This policy is not going to affect them and definitely will have minimal impact on housing prices.
Revision of Mortgage Loan Terms
To ensure financial prudence in purchase of public housing and discourage over-consumption, we will reduce the maximum tenure for HDB housing loans from 30 years to 25 years. The Mortgage Servicing Ratio (MSR) limit will also be reduced from 35% to 30% of the borrower’s gross monthly income. These measures are in line with those introduced by ...
