LOANS(RESIDENTIALLOANS)

WEF12Jan2013

SCOPE
1. LoanToValue(LTV)Limit
2. MinCashDownPayment
3. Reliefs

LOANTOVALUE(LTV)LIMIT&
MINIMUMCASHDOWNPAYMENT
Nonindividual
Borrowers
(corporate):
LTV=20%

RELIEFS
1. PurchaseofECdirectlyfromdeveloperor
Purchaseof(new/resale)HDB/DBSSflat
borrowerNOT subjectedtolowerLTVand
highermincash
2. Borrowertoprovideundertaking toHDB
committingtosellfirstpropertywithin6
months ofTOP/CSCofECORpossessionof
HDB/DBSSflat.
3. Thus,borrower treatedasfirsthousingloan.

SUMMARY
1. LTV&Mincashdown:refertotable1and2
2. Reliefs:
onlyforpurchaseofnewlaunchECOR
(new/resale)HDB/DBSSflat.

SOURCES
https://www.iras.gov.sg/IRASHome/uploadedFiles/IRASHome/News_and_Events/
Additional%20Measures%20to%20Ensure%20a%20Stable%20and%20Sustainabl
e%20Property%20Market%20%20Annex%20II.pdf

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