Stricter property loan limits to moderate market demand

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.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »