The latest round of property cooling measures is a necessary and...
TDSR, applicable to private home purchases, refers to the portion of a borrower's gross monthly income that goes towards repaying all monthly debt obligations, while MSR, for HDB purchases, refers to the portion that goes towards repaying all property loans.
The introduction of an interest rate floor of 3 per cent for computing the HDB concessionary loan amount is aimed at reining in surging resale flat prices. The loan-to-value limit for housing loans will be further lowered to 80 per cent from 85 per cent, after being cut from 90 per cent in December 2021.
The 15-month period is a"temporary measure that will be reviewed based on overall demand and market changes", said the National Development Ministry. But the latest cooling moves could slow this trend and even push more demand to four-room and smaller flats, analysts said. The wait-out period will not apply to seniors aged 55 and above who are moving from their private property to a four-room or smaller resale flat. This will boost the popularity of four-room and smaller flats.
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