Regulatory Alerts2021-06-28
Added
MAS Notice 1107 Bridging Loans for the Purchase of Immovable Properties
The Monetary Authority of Singapore issued Notice 1107 to establish conditions that merchant banks must meet when disbursing bridging loans to individuals for the purchase of immovable properties. This regulatory framework applies to all merchant banks and specifically covers loans intended for acquiring HDB flats, replacing the previous version dated November 2013. The notice took effect on 1 July 2021 to standardize lending practices for these specific property transactions.
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