HOUSING & DEVELOPMENT BOARD

Dear KEO,

Measures to Cool the Property Market

On 15 Dec 2021, the Government announced a package of measures to cool the private residential and HDB resale markets, to promote continued housing affordability and encourage greater financial prudence. For measure specific to public housing, the Government will tighten the Loan-to-Value (LTV) limit for housing loans granted by HDB from 90% to 85%.

Currently, home seekers can use the customised financial calculators in the HDB Flat Portal to estimate their flat budget with housing loan estimates from HDB and our partner Financial Institutions, and understand the payments involved at different milestones in buying a new or resale flat. With the revised LTV limit for HDB housing loan, we will temporarily suspend the calculators to cater for the necessary changes. Meanwhile, home seekers may check out our financing guides to understand the financial considerations before buying a flat.  Salespersons are advised to guide their clients accordingly and help them make informed decisions in planning for their flat purchase.  

The revised LTV limit will apply to complete resale applications received by HDB from 16 Dec 2021 onwards. A resale application is considered complete when HDB received both the seller’s and buyer’s portions of the application. For more details, you may refer to the press release 

Please disseminate the information to your salespersons. Thank you.


Yours sincerely


Daniel Chan Kian Sen
Director (Resale)
Estate Administration & Property Group
Housing & Development Board