Staff Reporter
,
Singapore
MAS tightens residential mortgage tenure.
The Monetary Authority of Singapore (MAS) has capped all new residential property loans at 35 years wef 6 October 2012.
For loans to individuals, if the tenure exceeds 30 years or if the loan period extends beyond the retirement age of 65, the loan-to-value (LTV) will be capped at 40% if the borrower already has one or more outstanding residential mortgage, and 60% if he has none.

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