SINGAPORE - The latest round of property cooling measures that are directed at Housing Board flats is likely to cause a more significant knee-jerk reaction because many curbs have been implemented simultaneously. The changes will impact almost all flat buyers, including Build-To-Order (BTO) flat purchasers.
The measures include lowering the loan-to-value (LTV) limits for borrowers taking HDB loans, and increasing the interest rate floor to 3 per cent per annum or 0.1 percentage point above the prevailing Central Provident Fund Ordinary Account interest rate when calculating the eligible loan amount from HDB.
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