LTV limit for private residential – Singapore properties for sale
Singapore properties for sale – Effective from 6 October 2012, the Monetary Authority of Singapore (MAS) released a new Loan-to-Value (LTV) limit policy to restrict the tenure of loans granted by financial institutions for the purchase of residential properties. LTV is the loan limit as a percentage of the purchase price or valuation, whichever is lower.
The maximum tenure of all new residential property loans will be capped at 35 years. This applies to residential private property loans granted by financial institution regulated by MAS.
If loan tenure does not exceed 30 years or loan period does not extend beyond age 65
- Loan-to-value (LTV) limit is 80%, if there is no outstanding loan
- Min 5% cash, balance 15% can use CPF, otherwise must use cash
If loan tenure exceeds 30 years or loan period extends beyond age 65
- LTV limit is 60%, if there is no outstanding loan
- Min 10% cash, balance 30% can use CPF, otherwise must use cash
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