Articles
Revised Property Loan Rules - Guarantee No More
The Monetary Authority of Singapore (MAS) announced on 28 June 2013 the introduction of further measures to fine-tune residential property loan rules, which came into effect on 29 June 2013. MAS Notice 632 has been amended to reflect these new rules, and MAS has also issued a new Notice 645, setting out details as to how banks and financial institutions are to compute the total debt servicing ratio for property loans.