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

Parameter	Value	Status
standard, 0	Unavailable	Not 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, 0	Unavailable	Not 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, 1	Unavailable	Not 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, 1	Unavailable	Not 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+	Unavailable	Not 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+	Unavailable	Not 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 individual	Unavailable	Not 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 loan	75%	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

Earlier
Policy state before 6 July 2018 is recorded only as that change's "before" values, with no start date. Earlier Loan-to-value limits, bank loans history is not held as structured parameters.
- 20 February 2010 Singapore introduces Seller's Stamp Duty and reduces the housing-loan LTV limitTagged collateral leverage in the archive, with no structured Loan-to-value limits, bank loans parameters: not a recorded version.
- 30 August 2010 Singapore extends SSD to three years and tightens financing for borrowers with outstanding housing loansTagged collateral leverage in the archive, with no structured Loan-to-value limits, bank loans parameters: not a recorded version.
- 14 January 2011 Singapore raises SSD to 16% to 4% over four years and tightens LTV limits againTagged collateral leverage in the archive, with no structured Loan-to-value limits, bank loans parameters: not a recorded version.
- 6 October 2012 MAS caps financial-institution residential loan tenures at 35 years and tightens LTV limitsTagged collateral leverage in the archive, with no structured Loan-to-value limits, bank loans parameters: not a recorded version.
- 12 January 2013 Singapore raises ABSD, tightens housing finance and extends cooling measures to public housing, executive condominiums and industrial propertyTagged collateral leverage in the archive, with no structured Loan-to-value limits, bank loans parameters: not a recorded version.
- 27 August 2013 Singapore tightens HDB loan rules and introduces a three-year PR wait-out periodTagged collateral leverage in the archive, with no structured Loan-to-value limits, bank loans parameters: not a recorded version.
Before
Earliest recorded state
The rule before 6 July 2018
Valid from
Start date not recorded
Valid until
Until 5 July 2018
Authority
Monetary Authority of Singapore, Ministry of National Development, Ministry of Finance
Recorded as the "before" values of Singapore raises ABSD by 5 to 10 points and tightens LTV limits.
View full rule
standard, 0
80%
tenure or age linked, 0
60%
standard, 1
50%
tenure or age linked, 1
30%
standard, 2+
40%
tenure or age linked, 2+
20%
non individual
20%
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.
6 July 2018
Singapore raises ABSD by 5 to 10 points and tightens LTV limits
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.
Parameter Previous New
standard, 0 80% 75%
tenure or age linked, 0 60% 55%
standard, 1 50% 45%
tenure or age linked, 1 30% 25%
standard, 2+ 40% 35%
tenure or age linked, 2+ 20% 15%
non individual 20% 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.
30 September 2022Current recorded rule
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
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.

Parameter	Previous	New
standard, 0	80%	75%
tenure or age linked, 0	60%	55%
standard, 1	50%	45%
tenure or age linked, 1	30%	25%
standard, 2+	40%	35%
tenure or age linked, 2+	20%	15%
non individual	20%	15%

Lineage

Current recorded rule, 2 October 2026

Rule versions

The rule before 6 July 2018

Singapore raises ABSD by 5 to 10 points and tightens LTV limits

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

Lineage