Prevo

Policy before and after · Macroprudential

MAS introduces Total Debt Servicing Ratio framework for property loans

Announced 28 June 2013 · Effective 29 June 2013

Read the full event recordCompare with another policyCreate research briefView Total Debt Servicing Ratio policy evolution

Comparison window

Comparison anchored to effective date: 29 June 2013. Before: 29 June 2012 to 28 June 2013. After: 29 June 2013 to 28 June 2014. The same 365 days on each side; the anchor day counts as after.

Before · 29 Jun 2012 to 28 Jun 2013

35 land-sales awards

  • 107 land-sales steps in all
  • 3 other archive events
  • Singapore private residential transactions, all types of sale: 26,549 (Q1 2013)

The event

Announced 28 Jun 2013

Effective 29 Jun 2013

The effective date is the anchor.

After · 29 Jun 2013 to 28 Jun 2014

28 land-sales awards

  • 83 land-sales steps in all
  • All 365 days observable
  • Singapore private residential transactions, all types of sale: 10,778 (Q1 2014)

What this comparison can and cannot show

Generated from this window's records

Recorded

  • 4 policy parameters recorded with a before and an after value on this event.
  • 35 land-sales awards in the 365 days before the effective date, and 28 in the 365 observable days after.
  • 3 of 6 tracked series have a whole period on both sides, so a before and after figure is stated for them.

Cannot be concluded

  • That this event moved any figure on this page. The comparison is by date; nothing here is attributed to the event.
  • A reading of the concurrent land sales and events as responses to this one. They are listed by date alone.
About this eventIssuing authority, category, affected market, primary source, summary
Announced
28 June 2013
Effective
29 June 2013
Issuing authority
Monetary Authority of Singapore
Category
Macroprudential
Affected market
All property loans granted by regulated financial institutions to individuals, including residential and non-residential property. Residential-market analysis covers private residential property and HDB purchases financed by financial institutions.
Primary source
MAS Introduces Debt Servicing Framework for Property Loans

The Monetary Authority of Singapore introduced the Total Debt Servicing Ratio (TDSR) framework on 28 June 2013, effective 29 June 2013. The framework standardised how financial institutions assessed the total debt-servicing capacity of individuals taking property loans: a TDSR threshold of 60% of gross monthly income, computed against total debt obligations, which a loan could exceed only exceptionally and subject to the institution's approved procedures and credit-committee approval; residential mortgage repayments calculated at the higher of a specified medium-term rate of 3.5% or the prevailing market rate (4.5% for non-residential); a haircut of at least 30% applied to all variable income, including bonuses, and to rental income; tightened borrower and mortgagor rules, and simultaneous LTV refinements to prevent circumvention of limits on borrowers with multiple housing loans. MAS subsequently repeatedly characterised TDSR as a structural prudential measure rather than a temporary cyclical cooling tool. TDSR followed the January 2013 cooling package by approximately five and a half months.

In brief

In brief

  • Singapore private residential transactions, all types of sale totalled 26,549 in the whole periods inside the 365 days before the effective date (Q3 2012, Q4 2012, Q1 2013) and 10,778 in those inside the 365 days after (Q3 2013, Q4 2013, Q1 2014).
  • Private Residential Property Price Index, All Residential was 152.4 in Q1 2013, the latest whole period before the effective date, and 151.3 in Q1 2014, the latest whole period in the 365 days after.
  • 35 GLS site awards were recorded in the before window and 28 in the after window.

What changed

Policy parameterBeforeAfter
TDSR · tdsr thresholdUnknown60%
TDSR · medium term rate, residentialUnknown3.5%
TDSR · medium term rate, non residentialUnknown4.5%
TDSR · variable income haircutUnknown30%
Where these values come from
Source
Recorded on this event's policy matrix in Prevo's archive. The event's primary source: MAS Introduces Debt Servicing Framework for Property Loans.
Primary source published
28 June 2013
Validity
In force from the event's effective date, 29 June 2013. The row records no date of its own; the date is the event's.
Basis
Archive record. The matrix row carries no source reference of its own; the event's sources are listed below.

Observed around this event

View linked outcomes

The same statistic over the 365 days before and after the anchor. Figures describe what was recorded in each window; they do not attribute a change to this event.

Singapore private residential transactions, all types of sale

units · Total over whole quarterly periods inside each 365-day window

Before

26,549

Q3 2012, Q4 2012, Q1 2013

Coverage 274/365 days

After

10,778

Q3 2013, Q4 2013, Q1 2014

Coverage 274/365 days

Difference

-15,771

-59.4%

Qualified: whole periods cover 274/365 days before and 274/365 days after. Days outside a whole period are not counted and are not treated as zero.

Provenance
Source
Urban Redevelopment Authority
Series kind
FLOW
Basis
Observation periods wholly inside each window, values as originally recorded.
Origin
Calculated (sum of published period values)
Shown because
Mapped to this kind of event

Private Residential Property Price Index, All Residential

index (2009Q1=100) · Value in the latest whole quarterly period inside each 365-day window

Before

152.4

Q3 2012, Q4 2012, Q1 2013

Coverage 274/365 days

After

151.3

Q3 2013, Q4 2013, Q1 2014

Coverage 274/365 days

Difference

-1.1

-0.7%

Qualified: whole periods cover 274/365 days before and 274/365 days after. Days outside a whole period are not counted and are not treated as zero.

Provenance
Source
Urban Redevelopment Authority
Series kind
INDEX
Basis
Observation periods wholly inside each window, values as originally recorded.
Origin
Source fact (latest whole period)
Shown because
Mapped to this kind of event

HDB Resale Price Index

index (2009Q1=100) · Value in the latest whole quarterly period inside each 365-day window

Before

148.6

Q3 2012, Q4 2012, Q1 2013

Coverage 274/365 days

After

143.5

Q3 2013, Q4 2013, Q1 2014

Coverage 274/365 days

Difference

-5.1

-3.4%

Qualified: whole periods cover 274/365 days before and 274/365 days after. Days outside a whole period are not counted and are not treated as zero.

Provenance
Source
Housing & Development Board
Series kind
INDEX
Basis
Observation periods wholly inside each window, values as originally recorded.
Origin
Source fact (latest whole period)
Shown because
Mapped to this kind of event

New private residential units sold by developers, excluding ECs (HEADLINE: uncompleted plus completed)

units

Comparison unavailable: series aggregation type is unresolved.

Provenance
Source
Urban Redevelopment Authority
Series kind
Unresolved (not recorded)
Basis
Observation periods wholly inside each window, values as originally recorded.
Origin
Unresolved
Shown because
Cited by this event's own outcomes

URA private residential property price index, calendar-year change

%

Comparison unavailable: series aggregation type is unresolved.

Provenance
Source
Urban Redevelopment Authority
Series kind
Unresolved (not recorded)
Basis
Observation periods wholly inside each window, values as originally recorded.
Origin
Unresolved
Shown because
Cited by this event's own outcomes

URA private residential property price index, QoQ change

%

Comparison unavailable: series aggregation type is unresolved.

Provenance
Source
Urban Redevelopment Authority
Series kind
Unresolved (not recorded)
Basis
Observation periods wholly inside each window, values as originally recorded.
Origin
Unresolved
Shown because
Cited by this event's own outcomes

Concurrent planning and land activity

Land sales and other archive events dated inside the windows, listed by date only. Each land-sales line shows the site as the record stood on that day.

Before the effective date

110 lines

107 land-sales steps (35 awards) · 3 archive events

From the effective date

86 lines

83 land-sales steps (28 awards) · 3 archive events

Explore concurrent events

Before (110)

  1. 4 July 2012 · Land sales

    Pheng Geck Avenue / Tai Thong Crescent: Awarded

    Residential · status on 4 July 2012: Awarded · awarded to Santarli Corporation Pte Ltd at S$114,800,000

  2. 23 July 2012 · Land sales

    Punggol Way / Punggol Walk: Launched for tender

    Executive Condominium housing · status on 23 July 2012: Tender open

  3. 23 July 2012 · Land sales

    Dairy Farm Road: Launched for tender

    Residential · status on 23 July 2012: Tender open

  4. 30 July 2012 · Land sales

    Pheng Geck Avenue / Tai Thong Crescent: Launched for tender

    Residential with Commercial at 1st storey · status on 30 July 2012: Tender open

  5. 30 July 2012 · Land sales

    Farrer Road: Launched for tender

    Residential · status on 30 July 2012: Tender open

  6. 31 July 2012 · Land sales

    Tanah Merah Kechil Road: Tender closed

    Residential · status on 31 July 2012: Tender closed, award pending

  7. 6 August 2012 · Land sales

    Tanah Merah Kechil Road: Awarded

    Residential · status on 6 August 2012: Awarded · awarded to Fragrance Group Limited and World Class Land Pte Ltd at S$285,215,000

  8. 7 August 2012 · Land sales

    Bright Hill Drive: Tender closed

    Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 7 August 2012: Tender closed, award pending

  9. 10 August 2012 · Land sales

    Bright Hill Drive: Awarded

    Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 10 August 2012: Awarded · awarded to UVD Pte. Ltd. at S$291,500,000

  10. 16 August 2012 · Land sales

    Victoria Street / Jalan Sultan: Launched for tender

    Hotel or Commercial & Residential · status on 16 August 2012: Tender open

  11. 22 August 2012 · Land sales

    Bukit Batok Street 23: Tender closed

    Business 1 · status on 22 August 2012: Tender closed, award pending

  12. 23 August 2012 · Land sales

    Woodlands Avenue 6 / Woodlands Drive 16: Launched for tender

    Executive Condominium housing · status on 23 August 2012: Tender open

  13. 23 August 2012 · Land sales

    New Upper Changi Road / Bedok Road: Launched for tender

    Residential · status on 23 August 2012: Tender open

  14. 23 August 2012 · Land sales

    Prince Charles Crescent / Prince Charles Square: Launched for tender

    Residential · status on 23 August 2012: Tender open

  15. 28 August 2012 · Land sales

    Farrer Road: Tender closed

    Residential · status on 28 August 2012: Tender closed, award pending

  16. 29 August 2012 · Land sales

    Yishun Avenue 9 / Yishun Industrial Street 1: Launched for tender

    Business 1 · status on 29 August 2012: Tender open

  17. 29 August 2012 · Land sales

    Bukit Batok Street 23: Awarded

    Business 1 · status on 29 August 2012: Awarded · awarded to Soilbuild Group Holdings Ltd at S$32,328,000

  18. 30 August 2012 · Land sales

    Yishun Avenue 9 / Yishun Industrial Street 1: Tender closed

    Business 1 · status on 30 August 2012: Tender closed, award pending

  19. 3 September 2012 · Land sales

    Farrer Road: Awarded

    Residential · status on 3 September 2012: Awarded · awarded to Far East Soho Pte. Ltd. at S$45,777,000

  20. 4 September 2012 · Land sales

    Punggol Way / Punggol Walk: Tender closed

    Executive Condominium housing · status on 4 September 2012: Tender closed, award pending

  21. 6 September 2012 · Land sales

    Punggol Way / Punggol Walk: Awarded

    Executive Condominium housing · status on 6 September 2012: Awarded · awarded to Qingjian Realty (South Pacific) Group Pte Ltd at S$189,870,000

  22. 6 September 2012 · Land sales

    Pheng Geck Avenue / Tai Thong Crescent: Tender closed

    Residential with Commercial at 1st storey · status on 6 September 2012: Tender closed, award pending

  23. 7 September 2012 · Land sales

    Pheng Geck Avenue / Tai Thong Crescent: Awarded

    Residential with Commercial at 1st storey · status on 7 September 2012: Awarded · awarded to Verwood Holdings Pte. Ltd. and Intrepid Investments Pte. Ltd. at S$245,000,000

  24. 7 September 2012 · Land sales

    Yishun Avenue 9 / Yishun Industrial Street 1: Awarded

    Business 1 · status on 7 September 2012: Awarded · awarded to Soon Hock Tuas Development Pte. Ltd. at S$51,388,000

  25. 18 September 2012 · Land sales

    Dairy Farm Road: Tender closed

    Residential · status on 18 September 2012: Tender closed, award pending

  26. 19 September 2012 · Land sales

    Jurong Town Hall Road: Launched for tender

    Hotel · status on 19 September 2012: Tender open

  27. 19 September 2012 · Land sales

    Jalan Jurong Kechil: Launched for tender

    Residential (option for retirement housing is allowed) · status on 19 September 2012: Tender open

  28. 20 September 2012 · Land sales

    Prince Charles Crescent / Prince Charles Square: Tender closed

    Residential · status on 20 September 2012: Tender closed, award pending

  29. 25 September 2012 · Land sales

    Dairy Farm Road: Awarded

    Residential · status on 25 September 2012: Awarded · awarded to First Shine Properties Pte Ltd and Meadows Bright Development Pte Ltd at S$244,318,000

  30. 25 September 2012 · Land sales

    Prince Charles Crescent / Prince Charles Square: Awarded

    Residential · status on 25 September 2012: Awarded · awarded to Wingstar Investment Pte. Ltd., Metro Australia Holdings Pte Ltd and Maxdin Pte Ltd at S$516,298,888

  31. 26 September 2012 · Land sales

    Pasir Ris Drive 3 / Pasir Ris Rise: Launched for tender

    Executive Condominium housing · status on 26 September 2012: Tender open

  32. 26 September 2012 · Land sales

    Sengkang West Way / Fernvale Link (Parcel B): Launched for tender

    Executive Condominium housing · status on 26 September 2012: Tender open

  33. 26 September 2012 · Land sales

    Yishun Avenue 9 / Yishun Industrial Street 1: Tender closed

    Business 1 · status on 26 September 2012: Tender closed, award pending

  34. 3 October 2012 · Land sales

    Yishun Avenue 9 / Yishun Industrial Street 1: Awarded

    Business 1 · status on 3 October 2012: Awarded · awarded to Soilbuild Group Holdings Ltd. at S$31,688,000

  35. 4 October 2012 · Land sales

    Thomson Road / Irrawaddy Road: Launched for tender

    White · status on 4 October 2012: Tender open

  36. 5 October 2012 · Archive event

    MAS caps financial-institution residential loan tenures at 35 years and tightens LTV limits

    Announced 5 October 2012

  37. 9 October 2012 · Land sales

    Woodlands Avenue 6 / Woodlands Drive 16: Tender closed

    Executive Condominium housing · status on 9 October 2012: Tender closed, award pending

  38. 11 October 2012 · Land sales

    Victoria Street / Jalan Sultan: Tender closed

    Hotel or Commercial & Residential · status on 11 October 2012: Tender closed, award pending

  39. 15 October 2012 · Land sales

    Punggol Field Walk / Punggol East: Launched for tender

    Executive Condominium housing · status on 15 October 2012: Tender open

  40. 15 October 2012 · Land sales

    Bishan Street 14: Launched for tender

    Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 15 October 2012: Tender open

  41. 16 October 2012 · Land sales

    Woodlands Avenue 6 / Woodlands Drive 16: Awarded

    Executive Condominium housing · status on 16 October 2012: Awarded · awarded to Opal Star Pte. Ltd. & Binjai Holdings Pte. Ltd. at S$150,180,000

  42. 16 October 2012 · Land sales

    New Upper Changi Road / Bedok Road: Tender closed

    Residential · status on 16 October 2012: Tender closed, award pending

  43. 16 October 2012 · Land sales

    Victoria Street / Jalan Sultan: Awarded

    Hotel or Commercial & Residential · status on 16 October 2012: Awarded · awarded to Forward Land Pte Ltd at S$331,336,000

  44. 22 October 2012 · Land sales

    New Upper Changi Road / Bedok Road: Awarded

    Residential · status on 22 October 2012: Awarded · awarded to Sherwood Development Pte Ltd at S$434,550,000

  45. 30 October 2012 · Land sales

    Sembawang Crescent / Sembawang Drive: Launched for tender

    Executive Condominium housing · status on 30 October 2012: Tender open

  46. 7 November 2012 · Land sales

    Alexandra Road / Alexandra View: Launched for tender

    Residential · status on 7 November 2012: Tender open

  47. 8 November 2012 · Land sales

    Sengkang West Way / Fernvale Link (Parcel B): Tender closed

    Executive Condominium housing · status on 8 November 2012: Tender closed, award pending

  48. 12 November 2012 · Land sales

    Sengkang West Way / Fernvale Link (Parcel B): Awarded

    Executive Condominium housing · status on 12 November 2012: Awarded · awarded to Verspring Properties Pte. Ltd. at S$135,000,000

  49. 15 November 2012 · Land sales

    Jurong West Street 41: Launched for tender

    Residential · status on 15 November 2012: Tender open

  50. 15 November 2012 · Land sales

    Ang Mo Kio Avenue 2 / Ang Mo Kio Street 13: Launched for tender

    Residential · status on 15 November 2012: Tender open

  51. 15 November 2012 · Land sales

    Jalan Jurong Kechil: Tender closed

    Residential (option for retirement housing is allowed) · status on 15 November 2012: Tender closed, award pending

  52. 20 November 2012 · Land sales

    Jurong Town Hall Road: Tender closed

    Hotel · status on 20 November 2012: Tender closed, award pending

  53. 22 November 2012 · Land sales

    Pasir Ris Drive 3 / Pasir Ris Rise: Tender closed

    Executive Condominium housing · status on 22 November 2012: Tender closed, award pending

  54. 22 November 2012 · Land sales

    Jalan Jurong Kechil: Awarded

    Residential (option for retirement housing is allowed) · status on 22 November 2012: Awarded · awarded to World Class Developments (North) Pte Ltd at S$73,800,000

  55. 23 November 2012 · Land sales

    Jurong Town Hall Road: Awarded

    Hotel · status on 23 November 2012: Awarded · awarded to Tamerton Pte Ltd at S$238,200,000

  56. 26 November 2012 · Land sales

    Pasir Ris Drive 3 / Pasir Ris Rise: Awarded

    Executive Condominium housing · status on 26 November 2012: Awarded · awarded to Hao Yuan Investment Pte Ltd at S$207,000,000

  57. 27 November 2012 · Land sales

    Yishun Ring Road / Yishun Avenue 9: Launched for tender

    Mixed commercial and residential · status on 27 November 2012: Tender open

  58. 29 November 2012 · Land sales

    Bishan Street 14: Tender closed

    Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 29 November 2012: Tender closed, award pending

  59. 3 December 2012 · Land sales

    Bishan Street 14: Awarded

    Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 3 December 2012: Awarded · awarded to Allamanda Residential Development Pte. Ltd. at S$505,100,000

  60. 4 December 2012 · Land sales

    Punggol Point: Launched for tender

    Food & Beverage with or without retail use · status on 4 December 2012: Tender open

  61. 4 December 2012 · Land sales

    Thomson Road / Irrawaddy Road: Tender closed

    White · status on 4 December 2012: Tender closed, award pending

  62. 6 December 2012 · Land sales

    Punggol Field Walk / Punggol East: Tender closed

    Executive Condominium housing · status on 6 December 2012: Tender closed, award pending

  63. 7 December 2012 · Land sales

    Thomson Road / Irrawaddy Road: Awarded

    White · status on 7 December 2012: Awarded · awarded to Hoi Hup Realty Pte Ltd, Sunway Developments Pte. Ltd. and Hoi Hup J.V. Development Pte Ltd at S$492,500,000

  64. 10 December 2012 · Land sales

    Punggol Field Walk / Punggol East: Awarded

    Executive Condominium housing · status on 10 December 2012: Awarded · awarded to Sing Holdings Limited at S$162,100,000

  65. 11 December 2012 · Land sales

    Alexandra Road / Alexandra View: Tender closed

    Residential · status on 11 December 2012: Tender closed, award pending

  66. 13 December 2012 · Land sales

    Sembawang Crescent / Sembawang Drive: Tender closed

    Executive Condominium housing · status on 13 December 2012: Tender closed, award pending

  67. 17 December 2012 · Land sales

    Sembawang Crescent / Sembawang Drive: Awarded

    Executive Condominium housing · status on 17 December 2012: Awarded · awarded to JBE Holdings Pte Ltd at S$211,920,000

  68. 17 December 2012 · Land sales

    Alexandra Road / Alexandra View: Awarded

    Residential · status on 17 December 2012: Awarded · awarded to Singland Homes Pte. Ltd. at S$332,680,000

  69. 18 December 2012 · Land sales

    Commonwealth Avenue: Launched for tender

    Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 18 December 2012: Tender open

  70. 19 December 2012 · Land sales

    Venture Avenue: Launched for tender

    Commercial (with minimum component for office use) · status on 19 December 2012: Tender open

  71. 8 January 2013 · Land sales

    Ang Mo Kio Avenue 2 / Ang Mo Kio Street 13: Tender closed

    Residential · status on 8 January 2013: Tender closed, award pending

  72. 9 January 2013 · Land sales

    Ang Mo Kio Avenue 2 / Ang Mo Kio Street 13: Awarded

    Residential · status on 9 January 2013: Awarded · awarded to Pinehill Investments Pte. Ltd. at S$550,000,048

  73. 11 January 2013 · Archive event

    Singapore raises ABSD, tightens housing finance and extends cooling measures to public housing, executive condominiums and industrial property

    Announced 11 January 2013

  74. 24 January 2013 · Land sales

    Yishun Ring Road / Yishun Avenue 9: Tender closed

    Mixed commercial and residential · status on 24 January 2013: Tender closed, award pending

  75. 29 January 2013 · Land sales

    Jurong West Street 41: Tender closed

    Residential · status on 29 January 2013: Tender closed, award pending

  76. 31 January 2013 · Land sales

    Yishun Ring Road / Yishun Avenue 9: Awarded

    Mixed commercial and residential · status on 31 January 2013: Awarded · awarded to CEL Property Pte Ltd at S$212,100,000

  77. 31 January 2013 · Land sales

    Jurong West Street 41: Awarded

    Residential · status on 31 January 2013: Awarded · awarded to MCL Land (Prestige) Pte. Ltd. at S$438,888,000

  78. 31 January 2013 · Planning

    Singapore's Land Use Plan sets out up to 700,000 new homes and 76,600 hectares of land by 2030

    Announced 31 January 2013

  79. 5 February 2013 · Land sales

    Commonwealth Avenue: Tender closed

    Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 5 February 2013: Tender closed, award pending

  80. 7 February 2013 · Land sales

    Commonwealth Avenue: Awarded

    Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 7 February 2013: Awarded · awarded to Intrepid Investments Pte Ltd, Verwood Holdings Pte. Ltd. and Hong Realty (Private) Limited at S$562,818,171

  81. 26 February 2013 · Land sales

    Punggol Point: Tender closed

    Food & Beverage with or without retail use · status on 26 February 2013: Tender closed, award pending

  82. 28 February 2013 · Land sales

    Sengkang West Way: Launched for tender

    Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 28 February 2013: Tender open

  83. 28 February 2013 · Land sales

    Kim Tian Road: Launched for tender

    Residential · status on 28 February 2013: Tender open

  84. 7 March 2013 · Land sales

    Punggol Point: Awarded

    Food & Beverage with or without retail use · status on 7 March 2013: Awarded · awarded to Fragrance Group Limited at S$11,368,800

  85. 12 March 2013 · Land sales

    Venture Avenue: Tender closed

    Commercial (with minimum component for office use) · status on 12 March 2013: Tender closed, award pending

  86. 13 March 2013 · Land sales

    Venture Avenue: Awarded

    Commercial (with minimum component for office use) · status on 13 March 2013: Awarded · awarded to Sim Lian JV (Vision) Pte Ltd at S$701,078,147

  87. 28 March 2013 · Land sales

    Woodlands Avenue 5 / Woodlands Avenue 6: Launched for tender

    Executive Condominium housing · status on 28 March 2013: Tender open

  88. 11 April 2013 · Land sales

    Sengkang West Way: Tender closed

    Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 11 April 2013: Tender closed, award pending

  89. 12 April 2013 · Land sales

    Sengkang West Way: Awarded

    Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 12 April 2013: Awarded · awarded to Secure Development Pte. Ltd. at S$262,100,000

  90. 15 April 2013 · Land sales

    Anchorvale Crescent: Launched for tender

    Executive Condominium housing · status on 15 April 2013: Tender open

  91. 15 April 2013 · Land sales

    Fernvale Close: Launched for tender

    Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 15 April 2013: Tender open

  92. 15 April 2013 · Land sales

    Faber Walk: Launched for tender

    Residential · status on 15 April 2013: Tender open

  93. 18 April 2013 · Land sales

    Kim Tian Road: Tender closed

    Residential · status on 18 April 2013: Tender closed, award pending

  94. 23 April 2013 · Land sales

    Kim Tian Road: Awarded

    Residential · status on 23 April 2013: Awarded · awarded to Harvestland Development Pte Ltd at S$550,280,000

  95. 29 April 2013 · Land sales

    Punggol Central / Edgedale Plains: Launched for tender

    Executive Condominium housing · status on 29 April 2013: Tender open

  96. 9 May 2013 · Land sales

    Woodlands Avenue 5 / Woodlands Avenue 6: Tender closed

    Executive Condominium housing · status on 9 May 2013: Tender closed, award pending

  97. 13 May 2013 · Land sales

    Woodlands Avenue 5 / Woodlands Avenue 6: Awarded

    Executive Condominium housing · status on 13 May 2013: Awarded · awarded to Qingjian Realty (South Pacific) Group Pte Ltd. at S$216,000,000

  98. 15 May 2013 · Land sales

    Tampines Avenue 10: Launched for tender

    Residential · status on 15 May 2013: Tender open

  99. 28 May 2013 · Land sales

    Woodlands Industrial Park E9: Launched for tender

    Business 2 with an integrated Heavy Vehicle Park · status on 28 May 2013: Tender open

  100. 30 May 2013 · Land sales

    Anchorvale Crescent: Tender closed

    Executive Condominium housing · status on 30 May 2013: Tender closed, award pending

  101. 31 May 2013 · Land sales

    Anchorvale Crescent: Awarded

    Executive Condominium housing · status on 31 May 2013: Awarded · awarded to Qingjian Realty (South Pacific) Group Pte Ltd at S$245,577,000

  102. 13 June 2013 · Land sales

    Fernvale Close: Tender closed

    Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 13 June 2013: Tender closed, award pending

  103. 14 June 2013 · Land sales

    Fernvale Close: Awarded

    Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 14 June 2013: Awarded · awarded to FCL Topaz Pte. Ltd., Far East Orchard Limited and Sekisui House, Ltd. at S$256,980,000

  104. 17 June 2013 · Land sales

    Yuan Ching Road / Tao Ching Road: Launched for tender

    Executive Condominium housing · status on 17 June 2013: Tender open

  105. 17 June 2013 · Land sales

    Punggol Drive / Edgedale Plains: Launched for tender

    Executive Condominium housing · status on 17 June 2013: Tender open

  106. 18 June 2013 · Land sales

    Cecil Street / Telok Ayer Street: Launched for tender

    Commercial and open space (residential use will not be allowed) · status on 18 June 2013: Tender open

  107. 18 June 2013 · Land sales

    Faber Walk: Tender closed

    Residential · status on 18 June 2013: Tender closed, award pending

  108. 20 June 2013 · Land sales

    Faber Walk: Awarded

    Residential · status on 20 June 2013: Awarded · awarded to World Class Land Pte Ltd at S$156,688,000

  109. 28 June 2013 · Land sales

    Yishun Avenue 2 / Yishun Central 1: Launched for tender

    Mixed commercial and residential · status on 28 June 2013: Tender open

  110. 28 June 2013 · Land sales

    Mount Sophia: Launched for tender

    Residential · status on 28 June 2013: Tender open

After (86)

  1. 16 July 2013 · Land sales

    Tampines Avenue 10: Tender closed

    Residential · status on 16 July 2013: Tender closed, award pending

  2. 19 July 2013 · Land sales

    Tampines Avenue 10: Awarded

    Residential · status on 19 July 2013: Awarded · awarded to MCC Land (Singapore) Pte Ltd at S$289,700,000

  3. 23 July 2013 · Land sales

    Woodlands Industrial Park E9: Tender closed

    Business 2 with an integrated Heavy Vehicle Park · status on 23 July 2013: Tender closed, award pending

  4. 29 July 2013 · Land sales

    Woodlands Industrial Park E9: Awarded

    Business 2 with an integrated Heavy Vehicle Park · status on 29 July 2013: Awarded · awarded to Incorporated Woodlands Pte Ltd at S$72,690,000

  5. 30 July 2013 · Land sales

    Yuan Ching Road / Tao Ching Road: Tender closed

    Executive Condominium housing · status on 30 July 2013: Tender closed, award pending

  6. 30 July 2013 · Land sales

    Punggol Drive / Edgedale Plains: Tender closed

    Executive Condominium housing · status on 30 July 2013: Tender closed, award pending

  7. 30 July 2013 · Land sales

    Punggol Central / Edgedale Plains: Tender closed

    Executive Condominium housing · status on 30 July 2013: Tender closed, award pending

  8. 2 August 2013 · Land sales

    Yuan Ching Road / Tao Ching Road: Awarded

    Executive Condominium housing · status on 2 August 2013: Awarded · awarded to Evia Real Estate (5) Pte Ltd, BBR Development Pte Ltd, CNH Investment Pte Ltd and OKP Land Pte Ltd at S$272,838,888

  9. 2 August 2013 · Land sales

    Punggol Drive / Edgedale Plains: Awarded

    Executive Condominium housing · status on 2 August 2013: Awarded · awarded to Peak Square Pte. Ltd. at S$312,800,000

  10. 2 August 2013 · Land sales

    Punggol Central / Edgedale Plains: Awarded

    Executive Condominium housing · status on 2 August 2013: Awarded · awarded to Master Contract Services Pte Ltd / Keong Hong Construction Pte Ltd at S$156,000,000

  11. 15 August 2013 · Land sales

    Cecil Street / Telok Ayer Street: Tender closed

    Commercial and open space (residential use will not be allowed) · status on 15 August 2013: Tender closed, award pending

  12. 19 August 2013 · Land sales

    Cecil Street / Telok Ayer Street: Awarded

    Commercial and open space (residential use will not be allowed) · status on 19 August 2013: Awarded · awarded to FC Commercial Trustee Pte. Ltd. (as Trustee-Manager of Aquamarine Star Trust) at S$923,952,040

  13. 27 August 2013 · Archive event

    Singapore tightens HDB loan rules and introduces a three-year PR wait-out period

    Announced 27 August 2013

  14. 29 August 2013 · Land sales

    Gambas Crescent: Launched for tender

    Business 1 · status on 29 August 2013: Tender open

  15. 29 August 2013 · Land sales

    Gambas Crescent: Launched for tender

    Business 1 · status on 29 August 2013: Tender open

  16. 5 September 2013 · Land sales

    Yishun Avenue 2 / Yishun Central 1: Tender closed

    Mixed commercial and residential · status on 5 September 2013: Tender closed, award pending

  17. 9 September 2013 · Land sales

    Yishun Avenue 2 / Yishun Central 1: Awarded

    Mixed commercial and residential · status on 9 September 2013: Awarded · awarded to North Gem Development Pte. Ltd. & FC North Gem Trustee Pte. Ltd. (as Trustee-Manager of North Gem Trust) at S$1,428,880,000

  18. 10 September 2013 · Land sales

    Mount Sophia: Tender closed

    Residential · status on 10 September 2013: Tender closed, award pending

  19. 12 September 2013 · Land sales

    Mount Sophia: Awarded

    Residential · status on 12 September 2013: Awarded · awarded to Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and S C Wong Holdings Pte Ltd at S$442,280,000

  20. 18 September 2013 · Land sales

    Havelock Road: Launched for tender

    Hotel · status on 18 September 2013: Tender open

  21. 30 September 2013 · Land sales

    Upper Serangoon View: Launched for tender

    Residential · status on 30 September 2013: Tender open

  22. 30 September 2013 · Land sales

    Upper Serangoon View: Launched for tender

    Residential · status on 30 September 2013: Tender open

  23. 17 October 2013 · Land sales

    Gambas Crescent: Tender closed

    Business 1 · status on 17 October 2013: Tender closed, award pending

  24. 17 October 2013 · Land sales

    Gambas Crescent: Tender closed

    Business 1 · status on 17 October 2013: Tender closed, award pending

  25. 23 October 2013 · Land sales

    Gambas Crescent: Awarded

    Business 1 · status on 23 October 2013: Awarded · awarded to Grow-Tech Properties Pte Ltd at S$44,777,000

  26. 23 October 2013 · Land sales

    Gambas Crescent: Awarded

    Business 1 · status on 23 October 2013: Awarded · awarded to Grow-Tech Properties Pte Ltd at S$46,333,000

  27. 31 October 2013 · Land sales

    Westwood Avenue: Launched for tender

    Executive Condominium housing · status on 31 October 2013: Tender open

  28. 31 October 2013 · Land sales

    Gambas Crescent: Launched for tender

    Business 1 · status on 31 October 2013: Tender open

  29. 12 November 2013 · Land sales

    Havelock Road: Tender closed

    Hotel · status on 12 November 2013: Tender closed, award pending

  30. 18 November 2013 · Land sales

    Anchorvale Crescent: Launched for tender

    Executive Condominium housing · status on 18 November 2013: Tender open

  31. 18 November 2013 · Land sales

    Canberra Drive: Launched for tender

    Executive Condominium housing · status on 18 November 2013: Tender open

  32. 18 November 2013 · Land sales

    Upper Paya Lebar Road: Launched for tender

    Residential · status on 18 November 2013: Tender open

  33. 18 November 2013 · Land sales

    Havelock Road: Awarded

    Hotel · status on 18 November 2013: Awarded · awarded to I Hotel Pte. Ltd. at S$30,090,000

  34. 22 November 2013 · Land sales

    East Coast Road: Launched for tender

    Hotel · status on 22 November 2013: Tender open

  35. 28 November 2013 · Land sales

    Upper Serangoon View: Tender closed

    Residential · status on 28 November 2013: Tender closed, award pending

  36. 28 November 2013 · Land sales

    Upper Serangoon View: Tender closed

    Residential · status on 28 November 2013: Tender closed, award pending

  37. 2 December 2013 · Land sales

    Upper Serangoon View: Awarded

    Residential · status on 2 December 2013: Awarded · awarded to Kingsford Development Pte Ltd at S$258,800,000

  38. 2 December 2013 · Land sales

    Upper Serangoon View: Awarded

    Residential · status on 2 December 2013: Awarded · awarded to Kingsford Development Pte Ltd at S$201,630,000

  39. 9 December 2013 · Archive event

    Singapore cuts the EC cancellation fee to 5%, adds a resale levy for second-timers and caps MSR at 30% on EC bank loans

    Announced 9 December 2013

  40. 10 December 2013 · Land sales

    Gambas Crescent: Tender closed

    Business 1 · status on 10 December 2013: Tender closed, award pending

  41. 13 December 2013 · Land sales

    Gambas Crescent: Awarded

    Business 1 · status on 13 December 2013: Awarded · awarded to Grow-Tech Properties Pte Ltd at S$39,333,000

  42. 16 December 2013 · Land sales

    Choa Chu Kang Grove (Parcel A): Launched for tender

    Executive Condominium housing · status on 16 December 2013: Tender open

  43. 16 December 2013 · Land sales

    Choa Chu Kang Grove (Parcel B): Launched for tender

    Executive Condominium housing · status on 16 December 2013: Tender open

  44. 16 December 2013 · Land sales

    Yishun Avenue 9 / Yishun Avenue 6: Launched for tender

    Residential · status on 16 December 2013: Tender open

  45. 16 December 2013 · Land sales

    Geylang East Avenue 1: Launched for tender

    Residential · status on 16 December 2013: Tender open

  46. 17 December 2013 · Land sales

    Woodlands Square: Launched for tender

    Commercial · status on 17 December 2013: Tender open

  47. 30 December 2013 · Land sales

    Sims Drive: Launched for tender

    Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 30 December 2013: Tender open

  48. 7 January 2014 · Land sales

    Westwood Avenue: Tender closed

    Executive Condominium housing · status on 7 January 2014: Tender closed, award pending

  49. 14 January 2014 · Land sales

    Westwood Avenue: Awarded

    Executive Condominium housing · status on 14 January 2014: Awarded · awarded to Changi Properties Pte. Ltd. & Heeton Homes Pte. Ltd. at S$198,900,000

  50. 14 January 2014 · Land sales

    Upper Paya Lebar Road: Tender closed

    Residential · status on 14 January 2014: Tender closed, award pending

  51. 15 January 2014 · Land sales

    Upper Paya Lebar Road: Awarded

    Residential · status on 15 January 2014: Awarded · awarded to UOL Overseas Investments Pte Ltd at S$392,300,000

  52. 21 January 2014 · Land sales

    East Coast Road: Tender closed

    Hotel · status on 21 January 2014: Tender closed, award pending

  53. 23 January 2014 · Land sales

    Geylang East Avenue 1: Tender closed

    Residential · status on 23 January 2014: Tender closed, award pending

  54. 24 January 2014 · Land sales

    East Coast Road: Awarded

    Hotel · status on 24 January 2014: Awarded · awarded to Master Contract Services Pte Ltd and Keong Hong Construction Pte Ltd at S$352,800,000

  55. 24 January 2014 · Land sales

    Geylang East Avenue 1: Awarded

    Residential · status on 24 January 2014: Awarded · awarded to S L (Serangoon) Pte Ltd at S$145,890,000

  56. 28 January 2014 · Land sales

    Canberra Drive: Tender closed

    Executive Condominium housing · status on 28 January 2014: Tender closed, award pending

  57. 29 January 2014 · Land sales

    Canberra Drive: Awarded

    Executive Condominium housing · status on 29 January 2014: Awarded · awarded to Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd. at S$226,000,000

  58. 13 February 2014 · Land sales

    Anchorvale Crescent: Tender closed

    Executive Condominium housing · status on 13 February 2014: Tender closed, award pending

  59. 19 February 2014 · Land sales

    Anchorvale Crescent: Awarded

    Executive Condominium housing · status on 19 February 2014: Awarded · awarded to Phoenix Real Estate Pte Ltd at S$192,888,888

  60. 25 February 2014 · Land sales

    Choa Chu Kang Grove (Parcel A): Tender closed

    Executive Condominium housing · status on 25 February 2014: Tender closed, award pending

  61. 25 February 2014 · Land sales

    Choa Chu Kang Grove (Parcel B): Tender closed

    Executive Condominium housing · status on 25 February 2014: Tender closed, award pending

  62. 28 February 2014 · Land sales

    Prince Charles Crescent: Launched for tender

    Residential · status on 28 February 2014: Tender open

  63. 3 March 2014 · Land sales

    Choa Chu Kang Grove (Parcel A): Awarded

    Executive Condominium housing · status on 3 March 2014: Awarded · awarded to MCL Land (Brighton) Pte. Ltd. at S$232,500,000

  64. 3 March 2014 · Land sales

    Choa Chu Kang Grove (Parcel B): Awarded

    Executive Condominium housing · status on 3 March 2014: Awarded · awarded to MCL Land (Brighton) Pte. Ltd. at S$210,100,000

  65. 11 March 2014 · Land sales

    Yishun Avenue 9 / Yishun Avenue 6: Tender closed

    Residential · status on 11 March 2014: Tender closed, award pending

  66. 13 March 2014 · Land sales

    Yishun Avenue 9 / Yishun Avenue 6: Awarded

    Residential · status on 13 March 2014: Awarded · awarded to EL Development Pte Ltd at S$278,800,000

  67. 27 March 2014 · Land sales

    Yishun Street 51 (Parcel A): Launched for tender

    Executive Condominium housing · status on 27 March 2014: Tender open

  68. 27 March 2014 · Land sales

    Yishun Street 51 (Parcel B): Launched for tender

    Executive Condominium housing · status on 27 March 2014: Tender open

  69. 8 April 2014 · Land sales

    Woodlands Square: Tender closed

    Commercial · status on 8 April 2014: Tender closed, award pending

  70. 16 April 2014 · Land sales

    Prince Charles Crescent: Tender closed

    Residential · status on 16 April 2014: Tender closed, award pending

  71. 17 April 2014 · Land sales

    Woodlands Square: Awarded

    Commercial · status on 17 April 2014: Awarded · awarded to Far East Civil Engineering (Pte.) Limited, Tannery Holdings Pte Ltd and Sekisui House, Ltd. at S$633,999,000

  72. 21 April 2014 · Land sales

    Prince Charles Crescent: Awarded

    Residential · status on 21 April 2014: Awarded · awarded to UOL Venture Investments Pte. Ltd. and Kheng Leong Company (Private) Limited at S$463,100,000

  73. 29 April 2014 · Land sales

    Sims Drive: Tender closed

    Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 29 April 2014: Tender closed, award pending

  74. 29 April 2014 · Land sales

    Woodlands Avenue 12: Launched for tender

    Business 1 with an integrated Heavy Vehicle Park · status on 29 April 2014: Tender open

  75. 30 April 2014 · Land sales

    Sims Drive: Awarded

    Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed) · status on 30 April 2014: Awarded · awarded to First Changi Development Pte Ltd at S$530,891,000

  76. 30 April 2014 · Land sales

    Meyappa Chettiar Road: Launched for tender

    Commercial and Residential · status on 30 April 2014: Tender open

  77. 22 May 2014 · Land sales

    Yishun Street 51 (Parcel A): Tender closed

    Executive Condominium housing · status on 22 May 2014: Tender closed, award pending

  78. 22 May 2014 · Land sales

    Yishun Street 51 (Parcel B): Tender closed

    Executive Condominium housing · status on 22 May 2014: Tender closed, award pending

  79. 26 May 2014 · Land sales

    Yishun Street 51 (Parcel A): Awarded

    Executive Condominium housing · status on 26 May 2014: Awarded · awarded to Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd. at S$178,500,000

  80. 26 May 2014 · Land sales

    Yishun Street 51 (Parcel B): Awarded

    Executive Condominium housing · status on 26 May 2014: Awarded · awarded to JBE Holdings Pte Ltd at S$184,130,000

  81. 29 May 2014 · Land sales

    Sembawang Avenue: Launched for tender

    Executive Condominium housing · status on 29 May 2014: Tender open

  82. 6 June 2014 · Planning

    Singapore gazettes Master Plan 2014 as its statutory land use plan, concluding the review of the Draft Master Plan 2013

    Announced 6 June 2014

  83. 24 June 2014 · Land sales

    Gambas Crescent / Sembawang Avenue: Launched for tender

    Business 1 · status on 24 June 2014: Tender open

  84. 26 June 2014 · Land sales

    Choa Chu Kang Drive: Launched for tender

    Executive Condominium housing · status on 26 June 2014: Tender open

  85. 26 June 2014 · Land sales

    Fernvale Road: Launched for tender

    Residential · status on 26 June 2014: Tender open

  86. 26 June 2014 · Land sales

    Fernvale Road: Launched for tender

    Residential · status on 26 June 2014: Tender open

Recorded relationships

Methodology5 rules
  • Comparison anchored to effective date: 29 June 2013. The anchor is the effective date where one is recorded, otherwise the announcement date.
  • The windows are the same number of days on each side of the anchor, and the anchor day belongs to the after window.
  • A series counts toward a window only for observation periods wholly inside it, with values as originally recorded, not as later revised.
  • Where no whole period falls inside a window, no value and no difference is stated; a day no whole period covers is missing, never zero.
  • Concurrent land sales and archive events are listed by date alone. Nothing on this page is attributed to the event.

Sources

The event's sources (2)

Primary sources2

  • MAS Introduces Debt Servicing Framework for Property Loans

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

    Original source link unavailable

  • MAS Notice 645: Computation of Total Debt Servicing Ratio 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.

Observed series come from the published statistics named on each card. Land-sales lines link to the site record and its releases.