Singapore takes new steps to cool housing market

**avo7007** · 05-10-12, 20:07

Originally Posted by ikan bilis

but why residential properties only....

Akan Datang.

**taggy** · 05-10-12, 20:08

one new formula for property financing

max loan tenure for max LTV = min( 65 - age , 30 )

**carbuncle** · 05-10-12, 20:09

evwryone bz punching calc or calling ageny to sign otp NOW lol

**ommmm** · 05-10-12, 20:10

So how does this work e.g. if I have a 80% loan today and due for refinancing?

**ikan bilis** · 05-10-12, 20:11

can i say these days most loans stretched to beyond 65yr old... like 70 or 75yr old ??... so ??...

so next time when borrowers ask the banks for repricing, if the bank officers look at your loan stretched to over 65yr old... they will just simply say: " Haha.... lower the interest rate ??... you can TANKUKU !! ".... ??...

??....

**carbuncle** · 05-10-12, 20:11

ommmm if u r young then no effect.

whats ur age

**andy** · 05-10-12, 20:11

So anyone can tell me what is the LTV limit for loans less then 30years now?

**price** · 05-10-12, 20:13

Originally Posted by carbuncle

price. ans is no

so for free conversion 1 can still choose their different interest rates packages etc? phew! my loans are safe then!

cannot sell liao like tat.

**ommmm** · 05-10-12, 20:13

Originally Posted by carbuncle

ommmm if u r young then no effect.

whats ur age

not young anymore.. 40?

**carbuncle** · 05-10-12, 20:13

for young normal case ltv as per normal 80% for first. 60% for subsequent

**amk** · 05-10-12, 20:14

Originally Posted by andy

So anyone can tell me what is the LTV limit for loans less then 30years now?

Still same if u r not yet 35y old.

**ikan bilis** · 05-10-12, 20:14

Originally Posted by andy

So anyone can tell me what is the LTV limit for loans less then 30years now?

if loan tenure of 30yrs + age don't over shoot 65yrs....
1st housing loan: LTV 80%
2nd housing loan: LTV 60%

if loan tenure of 30yrs + age over shoot 65yrs....
1st housing loan: LTV 60%
2nd housing loan: LTV 40%

**ikan bilis** · 05-10-12, 20:16

Originally Posted by ommmm

not young anymore.. 40?

take 25yr loan, dun take 30....

**amk** · 05-10-12, 20:16

I just realized this forum recovered . Today or yesterday ?
...and what a news to greet this

**carbuncle** · 05-10-12, 20:17

ommm can opt not to refinance?

ltv wont.change for.existing.loan if u refinace to.25 yr loan

ltv become 40% if u maintain.tenure?? blur

**ommmm** · 05-10-12, 20:17

Originally Posted by ikan bilis

take 25yr loan, dun take 30....

Means LTV=60%? If so, a lot of people will be screwed..

**carbuncle** · 05-10-12, 20:19

ommm what was ur age when u first got this loan?

" Where a borrower applies for a refinancing facility in respect of any balance outstanding under a residential property loan, the sum of the tenure of the refinancing facility and the number of years since the first residential property loan granted to the borrower for the purchase of that residential property was first disbursed, cannot exceed 35 years."

**Riverund** · 05-10-12, 20:19

Wa... With this measure, the new launches all must revise price down? Eco n GR get ready for more return units?

Hmmm.... The new Sky Garden(??) at Macpherson, supposed launch price of 1.5-1.6psf.... Now must discount 100-200psf to move??

**ommmm** · 05-10-12, 20:21

Originally Posted by carbuncle

ommm can opt not to refinance?

ltv wont.change for.existing.loan if u refinace to.25 yr loan

ltv become 40% if u maintain.tenure?? blur

ok not too bad then if refinance to 25yr.. just paying more every month, but don't have to pay down the difference outright?

**ikan bilis** · 05-10-12, 20:22

Originally Posted by carbuncle

ommm what was ur age when u first got this loan?

" Where a borrower applies for a refinancing facility in respect of any balance outstanding under a residential property loan, the sum of the tenure of the refinancing facility and the number of years since the first residential property loan granted to the borrower for the purchase of that residential property was first disbursed, cannot exceed 35 years."

wow... more things on mas website ??....

**avo7007** · 05-10-12, 20:22

Originally Posted by Riverund

Wa... With this measure, the new launches all must revise price down? Eco n GR get ready for more return units?

Not likely. The developers will just wait and see.

**carbuncle** · 05-10-12, 20:25

bro fshy.. then??? I own self create one meh??? lpl

**henryhk** · 05-10-12, 20:25

Lucky just signed my bank loan tuesday....if not kana forfeit....Heng ah

**ikan bilis** · 05-10-12, 20:27

Originally Posted by carbuncle

bro fshy.. then??? I own self create one meh??? lpl

heehee... me lazy fish read simplified version on cna news onli....

**carbuncle** · 05-10-12, 20:28

its when u sign u otp not bank loan

but to be really sure u r right better to make sure sign loan by tonight wahahaha

**price** · 05-10-12, 20:28

so those who got 40 and 50 years loan have found themselves a "rare loan" tenor

?

**Laguna** · 05-10-12, 20:28

Originally Posted by ikan bilis

can i say these days most loans stretched to beyond 65yr old... like 70 or 75yr old ??... so ??...

so next time when borrowers ask the banks for repricing, if the bank officers look at your loan stretched to over 65yr old... they will just simply say: " Haha.... lower the interest rate ??... you can TANKUKU !! ".... ??...

??....

I think there is a diff between re-pricing and re-financing

**price** · 05-10-12, 20:29

Originally Posted by carbuncle

its when u sign u otp not bank loan

but to be really sure u r right better to make sure sign loan by tonight wahahaha

actually the guideline a bit dumb. when u sign OTP there's no fixed tenor with any banks yet wat. loans are only granted upon OTP submitted to the bank right

**carbuncle** · 05-10-12, 20:29

price. that will b me

**price** · 05-10-12, 20:30

Originally Posted by carbuncle

price. that will b me

yay me too, i got 1 40 1 50 actually

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