MAS Notice 1106 Residential Property Loans

Notices

Last Revised Date: 21 August 2025

Notice 1106 Residential Property Loans

Rules for merchant banks when granting residential property loans to individuals and non-individuals.

Property Loans

Issued pursuant to:

Banking Act 1970 section 55

Applies to:

Merchant Bank (Locally Incorporated)

,

Merchant Bank (Branch)

View Notice

Notice 1106 Residential Property Loans

(233.1 KB)

This notice applies to all merchant banks in Singapore. It sets out the rules for merchant banks to comply with when granting residential property loans, including limits on loan amount, conditions for loans, and tenure of credit and refinancing facilities.

See explainers:

Rules for New Housing Loans

Mortgage Equity Withdrawal Loan Rules

Refinancing Housing Loans

22 Aug 2025

MAS Notice 1106 Amendment (2025) (242.6 KB) takes effect.

01 Jul 2021

MAS Notice 1106 (676.6 KB) takes effect.

01 Jul 2021

MAS Notice 1106 dated 27 August 2013 (last revised on 5 April 2020) (548.1 KB) is cancelled.

06 Apr 2020 M AS Notice 1106 (Amendment No. 2) 2020 (552 KB) takes effect.

18 Feb 2020 MAS Notice 1106 (Amendment) 2020 (551.6 KB) takes effect.

06 Jul 2018 MAS Notice 1106 (Amendment) 2018 (571 KB) takes effect.

12 Dec 2017

MAS Notice 1106 (Amendment 2) 2017 (206.2 KB) takes effect.

11 Mar 2017

MAS Notice 1106 (Amendment) 2017 (130.9 KB) takes effect. MAS Notice 1106 last revised on 10 March 2017 (347.5 KB) .

10 Feb 2014 MAS Notice 1106 (Amendment) 2014 takes effect. MAS Notice 1106 last revised on 10 February 2014 (333.9 KB) .

28 Aug 2013

MAS Notice 1106 dated 27 August 2013 takes effect.

28 Aug 2013 MAS Notice 1106 dated 13 January 2011 and last revised on 28 June 2013 is cancelled.

Explains the application of MAS Notices on Housing Loans to borrowers who are individuals and who own residential property gazetted for acquisition.

Explains the application of MAS Notices on Housing Loans to borrowers who are individuals and who own residential property gazetted for acquisition.

Information paper on underwriting and lending practices of banks’ residential property loans business, including areas where underwriting and lending practices could be improved and sound practices observed during MAS’ thematic inspection in 2012.

Informs financial institutions to use the same valuation as CPF Board in computing the maximum loan amount under MAS’ Notices on Housing Loans.

Informs financial institutions that cash rebates offered for housing loans are not permitted under MAS’ housing loan rules.