Tag: tdsr

Update as of 24 June 2022: This article has been updated to include the latest TDSR, in light of the cooling measures announced on 16 December 2021.  Implemented back in June 2013 by the Monetary Authority of Singapore (MAS), the Total Debt Servicing Ratio (TDSR) is a framework that safeguards borrowers against over-borrowing for their…

First up, if you find yourself facing possible mortgage repayment issues, don’t worry. Book a consultation with a 99.co mortgage consultant, and they’ll be more than happy to assist you with your mortgage. – Taking on a mortgage is one of the most important aspects of owning a home. Given the high cost of buying…

Update as of 23 June 2022: This article has been updated to include the latest TDSR, in light of the cooling measures announcement on 16 December 2021.  Every day, 99.co picks a piece of property jargon to explain it. Today we look at the Total Debt Servicing Ratio (TDSR), which affects your home loan application….

UPDATE: 99.co’s affordability calculators are updated in accordance to Dec 2021 Cooling Measures! The government has announced a package of cooling measures for private residential and HDB resale markets effective from midnight 16 December 2021. The announcement follows the government’s close monitoring of the property market for several quarters. The private residential and HDB resale…

Update as of 12 January 2022: This article has been updated to include the latest ABSD rates, in light of the recent cooling measures announcement.  Stamp duty – it’s one of the many additional but often-overlooked costs associated with buying property. Stamp duty refers to the tax relating to the purchase or lease of a…

Updated as of 25 Jan 2022: This article has been updated to include the average prices in H2 2021 and the latest TDSR.  Looking to buy private property but not sure how much you can afford? Never fear, for 99.co is here — to help you make informed property decisions and beyond! When it comes…

Over the past several months, there’s been a growing concern about housing affordability. Despite the recession and pandemic, housing prices have been on the rise ever since the end of the circuit breaker.  Resale prices for HDB flats and condo units have been rising for the ninth and eighth straight month, respectively. Factors such as…

I learned long ago that being self-employed means freedom. If I can’t afford a house, for example, I’m free to go without. But if you cultivate some basic skills, you have a good shot at home ownership: How is buying a house different when you’re self-employed? For starters, banks apply a haircut of 30 per…

One of the main killers of the property boom was the Total Debt Servicing Ratio (TDSR) framework, coupled with a tighter loan-to-value (LTV) limits. Implemented in 2013 by the Singapore government, these loan curbs were implemented as part of a broader range of cooling measures. Restricting the amount that buyers can borrow to buy property…

UPDATE: 99.co’s affordability calculators are updated in accordance to Dec 2021 Cooling Measures! In the wee hours of 11.45 pm on Wednesday (Dec 15), the government dropped the news of a fresh round of cooling measures slated to take effect from Thursday (Dec 16). The Additional Buyer’s Stamp Duty rates were raised by 5% to 15%,…