LAUNCHING JULY 2020
REGISTER FOR FIRST MOVER ADVANTAGE!

Forett at Bukit Timah

MEGA FREEHOLD LAUNCH OF 2020
LAUNCHED August 2020
TOP Est Sep 2024
Updated as at 
31 October 2020

Project Name Financing Information: Loan To Value (LTV)

 First LoanSecond LoanThird Loan
Loan TenureUp to 30 years31-35 yearsUp to 30 years31-35 yearsUp to 30 years31-35 years
AgeIncome Weighted Average Age
Up to 65Up to 70-75Up to 70-75Up to 65Up to 70-75Up to 70-75Up to 65Up to 70-75Up to 70-75
Maximum LTV Limit75%55%55%45%25%25%35%15%15%
If the borrower is a shell company or not an individual, the LTV limit is 15%
Minimum Cash Downpayment5%10%10%25%25%25%25%25%25%
Guarantors / Co-borrowersAll co-borrowers must be mortgagors.
Guarantors must be co-borrowers if the latter did not pass the TDSR criteria.
Mortgage Servicing Ratio (MSR) (for ECs)30%
Total Debt Servicing Ratio (TDSR)60%
Stress Test Interest Rate3.5%

The loan-to-value (LTV) limit determines the maximum amount an individual can borrow from a financial institution (FI) for a housing loan.

LTV refers to the loan amount as a percentage of the property’s value. For example, if an individual borrows $750,000 to purchase a property valued at $1,000,000, the LTV is 75%.

It was announced on 5 July 2018 that LTV limits will be tightened as part of a package of measures to cool the property market and keep price increases in line with economic fundamentals.

LTV Limits for Shell Companies

If the borrower is a shell company or not an individual, the LTV limit is 15%.
For more information, please refer to the MAS website at Loan Tenure and Loan-To-Value Limits
Forett at Bukit Timah Official Launch
Saturday, 31 October 2020
© 
2020
  All rights reserved
cross