The latest measures will encourage prudent borrowing and dampen demand at higher end of HDB resale market, he said.
Addressing concerns about the lower LTV limit, Mr Desmond Lee said the vast majority of buyers with HDB loans will not be affected.
It also brings the HDB loan limit in line with mortgages granted by financial institutions, which remain unchanged at 75 per cent. “If we are not careful, such market dynamics can cause the resale market to run out of line with economic fundamentals and cause a bubble.”
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