Stricter property loan limits to moderate market demand

📆 29/09/2022 23:38:00
📰 thenewpaper

⏱ Reading Time:
30 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 63%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The maximum amount of money home buyers can borrow to purchase their homes will be tightened with immediate effect, so that borrowers avoid future difficulties in servicing those loans. The cooling measures come after

This will apply to loans for the purchase of properties where the option to purchase or sale and purchase agreement is granted on or after Sept 30.

From Sept 30 onwards, an interest rate floor of 3 per cent for computing the eligible loan amount for HDB flats will be introduced. The interest rate for the HDB housing loan will remain unchanged at 2.6 per cent per annum from Oct 1 to Dec 31.This means that buyers will be allowed to borrow up to 80 per cent of the flat value compared to 85 per cent before. In other words, they can borrow less than before.The lower LTV limit will apply to new flat applications for sales exercises launched and complete resale applications which are received by HDB on or after Sept 30.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Shanghai vows to promote delivery of homes, keep property market soundBEIJING : China's commercial hub Shanghai said it will strengthen efforts to promote delivery of residential houses and ensure the steady and sound development of the property market, according to a local government statement of policy support on Wednesday. The COVID-hit city released 22 economic measures
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »