Prevo

Policy evolution

Loan-to-value limits, bank loans

  • Prevo records 2 structured Loan-to-value limits, bank loans rule changes, effective from 6 July 2018 to 30 September 2022, in the available archive; earlier history may be incomplete.
  • The current recorded rule became effective on 30 September 2022.
  • The rule before 6 July 2018 is recorded as that change's "before" values, without a start date.
  • 7 further archive events are tagged with this mechanism but carry no structured Loan-to-value limits, bank loans parameters (2010, 2010, 2011, 2012, 2013, 2013, 2024).
  • No conflicting records between consecutive versions.

Partial archive: 2 structured Loan-to-value limits, bank loans changes in the available records, and 7 further tagged events without structured parameters. Earlier or unrecorded changes may exist; this is not a complete history.

Create evolution brief

Current recorded rule, 2 October 2026

ParameterValueStatus
standard, 0UnavailableNot restatedLast recorded as 75% from 6 July 2018; not restated by the change effective 30 September 2022, so whether it was still in force is not recorded.
tenure or age linked, 0UnavailableNot restatedLast recorded as 55% from 6 July 2018; not restated by the change effective 30 September 2022, so whether it was still in force is not recorded.
standard, 1UnavailableNot restatedLast recorded as 45% from 6 July 2018; not restated by the change effective 30 September 2022, so whether it was still in force is not recorded.
tenure or age linked, 1UnavailableNot restatedLast recorded as 25% from 6 July 2018; not restated by the change effective 30 September 2022, so whether it was still in force is not recorded.
standard, 2+UnavailableNot restatedLast recorded as 35% from 6 July 2018; not restated by the change effective 30 September 2022, so whether it was still in force is not recorded.
tenure or age linked, 2+UnavailableNot restatedLast recorded as 15% from 6 July 2018; not restated by the change effective 30 September 2022, so whether it was still in force is not recorded.
non individualUnavailableNot restatedLast recorded as 15% from 6 July 2018; not restated by the change effective 30 September 2022, so whether it was still in force is not recorded.
headline max no outstanding housing loan75%In forceIn force from 30 September 2022, recorded on Singapore raises property-loan stress-test floors, cuts the HDB housing-loan LTV limit to 80%, and introduces a temporary 15-month HDB resale wait-out.

Rule versions

1 earlier version is outside this date range.

  1. 6 July 2018
    Announced
    5 July 2018
    Effective
    6 July 2018
    Valid from
    6 July 2018
    Valid until
    Until 29 September 2022, the day before the next recorded change
    Authority
    Monetary Authority of Singapore, Ministry of National Development, Ministry of Finance

    7 parameters changed, 0 newly recorded, 0 unchanged.

    ParameterPreviousNew
    standard, 080%75%
    tenure or age linked, 060%55%
    standard, 150%45%
    tenure or age linked, 130%25%
    standard, 2+40%35%
    tenure or age linked, 2+20%15%
    non individual20%15%
    Compare with previous
    • Changed standard, 0: 80% to 75%
    • Changed tenure or age linked, 0: 60% to 55%
    • Changed standard, 1: 50% to 45%
    • Changed tenure or age linked, 1: 30% to 25%
    • Changed standard, 2+: 40% to 35%
    • Changed tenure or age linked, 2+: 20% to 15%
    • Changed non individual: 20% to 15%
    • 0 unchanged, not listed.
    View full rule
    standard, 0
    75%
    tenure or age linked, 0
    55%
    standard, 1
    45%
    tenure or age linked, 1
    25%
    standard, 2+
    35%
    tenure or age linked, 2+
    15%
    non individual
    15%

    Source

    MOF/MND/MAS joint media release: Raising Additional Buyer's Stamp Duty Rates and Tightening Loan-to-Value Limits to Promote a Stable and Sustainable Property Market

    Monetary Authority of Singapore · Primary source · Published 5 July 2018

    Open original source

    Event checked against its primary sources on 13 August 2026. Each claim keeps its own verification status.

    3 recorded corrections to this event's records (correction). Record corrections, not policy changes.

    Observed around this change (365 days)
    • Singapore private residential transactions, all types of sale: 18,724 before, 12,369 after (Q4 2017, Q1 2018, Q2 2018 | Q4 2018, Q1 2019, Q2 2019)
    • Private Residential Property Price Index, All Residential: 149 before, 150.8 after (Q4 2017, Q1 2018, Q2 2018 | Q4 2018, Q1 2019, Q2 2019)
    • Private residential units sold, all segments (uncompleted plus completed): 5,811 before, 6,024 after (Q4 2017, Q1 2018, Q2 2018 | Q4 2018, Q1 2019, Q2 2019)
    • Uncompleted private residential units launched, all segments: 4,235 before, 7,148 after (Q4 2017, Q1 2018, Q2 2018 | Q4 2018, Q1 2019, Q2 2019)
    • Price index of non-landed private residential properties, Core Central Region: 136 before, 135.3 after (Q4 2017, Q1 2018, Q2 2018 | Q4 2018, Q1 2019, Q2 2019)
    • Price index of non-landed private residential properties, Outside Central Region: 169.7 before, 171.7 after (Q4 2017, Q1 2018, Q2 2018 | Q4 2018, Q1 2019, Q2 2019)
    • Price index of non-landed private residential properties, Rest of Central Region: 148.5 before, 153.4 after (Q4 2017, Q1 2018, Q2 2018 | Q4 2018, Q1 2019, Q2 2019)
    • Uncompleted private residential units sold, all segments: 5,150 before, 5,891 after (Q4 2017, Q1 2018, Q2 2018 | Q4 2018, Q1 2019, Q2 2019)
    • Observed around the change, not attributed to it. The full view is on the before and after page.
  2. 30 September 2022Current recorded rule
    Announced
    29 September 2022
    Effective
    30 September 2022
    Valid from
    30 September 2022
    Valid until
    Until superseded: no later recorded change
    Authority
    Monetary Authority of Singapore, Ministry of National Development, Housing & Development Board

    0 parameters changed, 1 newly recorded, 0 unchanged, 7 earlier not restated.

    Compare with previous
    • Added headline max no outstanding housing loan: 75% (recorded as 75% before)
    • Not restated standard, 0: 75% before; this event does not restate it
    • Not restated tenure or age linked, 0: 55% before; this event does not restate it
    • Not restated standard, 1: 45% before; this event does not restate it
    • Not restated tenure or age linked, 1: 25% before; this event does not restate it
    • Not restated standard, 2+: 35% before; this event does not restate it
    • Not restated tenure or age linked, 2+: 15% before; this event does not restate it
    • Not restated non individual: 15% before; this event does not restate it
    • 0 unchanged, not listed.
    View full rule
    headline max no outstanding housing loan
    75%

    Recorded earlier and not restated here: standard, 0 (75%); tenure or age linked, 0 (55%); standard, 1 (45%); tenure or age linked, 1 (25%); standard, 2+ (35%); tenure or age linked, 2+ (15%); non individual (15%).

    Source

    Joint MAS/MND/HDB media release: Measures to Promote Sustainable Conditions in the Property Market by Ensuring Prudent Borrowing and Moderating Demand

    Ministry of National Development · Primary source · Published 29 September 2022

    Open original source

    Event checked against its primary sources on 13 August 2026. Each claim keeps its own verification status.

    6 recorded corrections to this event's records (correction). Record corrections, not policy changes.

    Inside this period, without structured parameters: Singapore lowers the HDB housing-loan LTV limit from 80% to 75% (20 August 2024). This version may not describe every rule in force.

    Observed around this change (365 days)
    • Singapore private residential transactions, all types of sale: 20,079 before, 13,097 after (Q4 2021, Q1 2022, Q2 2022 | Q4 2022, Q1 2023, Q2 2023)
    • Private Residential Property Price Index, All Residential: 180.9 before, 194.4 after (Q4 2021, Q1 2022, Q2 2022 | Q4 2022, Q1 2023, Q2 2023)
    • Private residential units sold, all segments (uncompleted plus completed): 7,240 before, 4,073 after (Q4 2021, Q1 2022, Q2 2022 | Q4 2022, Q1 2023, Q2 2023)
    • Uncompleted private residential units launched, all segments: 4,844 before, 4,190 after (Q4 2021, Q1 2022, Q2 2022 | Q4 2022, Q1 2023, Q2 2023)
    • HDB Resale Price Index: 163.9 before, 176.2 after (Q4 2021, Q1 2022, Q2 2022 | Q4 2022, Q1 2023, Q2 2023)
    • Price index of non-landed private residential properties, Core Central Region: 141.2 before, 146.5 after (Q4 2021, Q1 2022, Q2 2022 | Q4 2022, Q1 2023, Q2 2023)
    • Price index of non-landed private residential properties, Outside Central Region: 208.4 before, 225 after (Q4 2021, Q1 2022, Q2 2022 | Q4 2022, Q1 2023, Q2 2023)
    • Price index of non-landed private residential properties, Rest of Central Region: 193.3 before, 208.6 after (Q4 2021, Q1 2022, Q2 2022 | Q4 2022, Q1 2023, Q2 2023)
    • Observed around the change, not attributed to it. The full view is on the before and after page.

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