Hdb loan to value dropped from 80 to 75%

On August 20, 2024, #Singapore introduced new property cooling measures to address rising #HDB resale prices. Key changes include:

- Loan-to-Value (#LTV ) limit for HDB loans reduced: The limit was lowered from 80% to 75%, requiring buyers to make a higher down payment. 

- Aim: These adjustments seek to curb demand and promote more cautious borrowing amid persistent high prices and limited housing supply.

These measures reflect the government's continued efforts to stabilize the market and support first-time buyers facing rising costs

#coolingmeasure #andyseng