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New property cooling measure will be announce this week. (Rumour)

Thread starter shctaw
Start date Mar 4, 2013

shctaw

Alfrescian (Inf)

Asset

Mar 4, 2013

Expected New MAS measure this coming Friday. It maybe touching on the MSR.
MAS is considering reviewing the Mortgage Servicing Ratio (MSR) for private property to be like HDB ruling. E.g. 30% mortgage servicing ratio.

Which could mean private property buyer can only use 30% of borrower's income to service the mortgage loan. E.g. If buyer income is $10k, max servicing loan monthly installment is $3k. HDB already implement this rule on 11 Jan 2013.

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