Regulatory Alerts2021-06-28
Added
MAS Notice 1106B Residential Property Loans
The Monetary Authority of Singapore issued Notice 1106B to establish regulatory rules for merchant banks granting residential property loans to individuals and non-individuals. The notice mandates compliance with specific limits on loan amounts, conditions for loans, and tenure of credit and refinancing facilities. This regulation applies to all merchant banks in Singapore and supersedes previous versions of the notice effective from 1 July 2021.
Notices
Last Revised Date: 28 June 2021
Rules for merchant banks when granting residential property loans to individuals and non-individuals.
Property Loans
Issued pursuant to:
Banking Act (Cap. 19) section 55
Applies to:
Merchant Bank (Branch)
,
Merchant Bank (Locally Incorporated)
View Notice
Notice 1106B Residential Property Loans
(380.6 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
1 July 2021 MAS Notice 1106B dated 28 June 2021 (380.6 KB) takes effect. MAS Notice 1106B dated 17 February 2020 (last revised on 6 November 2020)
(100.5 KB) is cancelled.
09 November 2020 MAS Notice 1106B (Amendment No. 3) 2020 (106.8 KB) takes effect.
06 May 2020 MAS Notice 1106B (Amendment No. 2) 2020 (263 KB) takes effect.
06 Apr 2020 MAS Notice 1106B (Amendment) 2020
(261.6 KB) takes effect.
18 Feb 2020 MAS Notice 1106B dated 17 Feb 2020 takes effect.