Daily Archives: 2013-08-28

Making housing affordable – still a tight squeeze

By Leong Sze Hian The Housing and Development Board (HDB) has shortened its maximum loan tenure from 30 years to 25 years and the mortgage servicing ratio (MSR) limit has also been cut from 35 per cent to 30 per cent of the borrower’s gross monthly salary. From today onwards (Aug 28), financial institutions will in tandem reduce the maximum …

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