Prevo

Policy evolution

Total Debt Servicing Ratio

  • Prevo records 3 structured Total Debt Servicing Ratio rule changes, effective from 29 June 2013 to 30 September 2022, in the available archive; earlier history may be incomplete.
  • The current recorded rule became effective on 30 September 2022.
  • 4 further archive events are tagged with this mechanism but carry no structured Total Debt Servicing Ratio parameters (2012, 2013, 2013, 2017).
  • No conflicting records between consecutive versions.

Partial archive: 3 structured Total Debt Servicing Ratio changes in the available records, and 4 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
tdsr thresholdUnavailableNot restatedLast recorded as 60% from 29 June 2013; not restated by the change effective 16 December 2021, so whether it was still in force is not recorded.
medium term rate, residentialUnavailableNot restatedLast recorded as 3.5% from 29 June 2013; not restated by the change effective 16 December 2021, so whether it was still in force is not recorded.
medium term rate, non residentialUnavailableNot restatedLast recorded as 4.5% from 29 June 2013; not restated by the change effective 16 December 2021, so whether it was still in force is not recorded.
variable income haircutUnavailableNot restatedLast recorded as 30% from 29 June 2013; not restated by the change effective 16 December 2021, so whether it was still in force is not recorded.
threshold55%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

    Policy state unavailable before 29 June 2013: no structured Total Debt Servicing Ratio record precedes it.

  2. 29 June 2013
    Announced
    28 June 2013
    Effective
    29 June 2013
    Valid from
    29 June 2013
    Valid until
    Until 15 December 2021, the day before the next recorded change
    Authority
    Monetary Authority of Singapore

    0 parameters changed, 4 newly recorded, 0 unchanged.

    Compare with previous
    • Added tdsr threshold: 60%
    • Added medium term rate, residential: 3.5%
    • Added medium term rate, non residential: 4.5%
    • Added variable income haircut: 30%
    • 0 unchanged, not listed.
    View full rule
    tdsr threshold
    60%
    medium term rate, residential
    3.5%
    medium term rate, non residential
    4.5%
    variable income haircut
    30%

    Source

    MAS Introduces Debt Servicing Framework for Property Loans

    Monetary Authority of Singapore · Primary source · Published 28 June 2013

    Original source link unavailable

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

    5 recorded corrections to this event's records (correction, clarification, verification change). Record corrections, not policy changes.

    Inside this period, without structured parameters: Singapore tightens HDB loan rules and introduces a three-year PR wait-out period (27 August 2013); Singapore cuts SSD to three years and 12%, lifts TDSR from low-LTV equity withdrawal loans and adds duties on property-holding entities (11 March 2017). This version may not describe every rule in force.

  3. 16 December 2021
    Announced
    15 December 2021
    Effective
    16 December 2021
    Valid from
    16 December 2021
    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

    0 parameters changed, 1 newly recorded, 0 unchanged, 4 earlier not restated.

    Compare with previous
    • Added threshold: 55% (recorded as 60% before)
    • Not restated tdsr threshold: 60% before; this event does not restate it
    • Not restated medium term rate, residential: 3.5% before; this event does not restate it
    • Not restated medium term rate, non residential: 4.5% before; this event does not restate it
    • Not restated variable income haircut: 30% before; this event does not restate it
    • 0 unchanged, not listed.
    View full rule
    threshold
    55%

    Recorded earlier and not restated here: tdsr threshold (60%); medium term rate, residential (3.5%); medium term rate, non residential (4.5%); variable income haircut (30%).

    Source

    MOF/MND/MAS joint press release: Measures to Cool the Property Market

    Ministry of Finance · Primary source · Published 15 December 2021

    Open original source

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

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

  4. 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, 0 newly recorded, 1 unchanged.

    Compare with previous
    • 1 unchanged, not listed.
    View full rule
    threshold
    55%

    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.

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