Regulatory Alerts2020-11-06
Added
MAS Notice 632B Residential Property Loans
The Monetary Authority of Singapore issued Notice 632B to establish regulatory rules for banks granting residential property loans to individuals and non-individuals. The notice mandates compliance with specific limits on loan amounts, conditions for loans, and the tenure of credit and refinancing facilities. These requirements apply to all banks in Singapore to ensure stability in the residential property market.
Notices
Last Revised Date: 06 November 2020
Rules for banks when granting residential property loans to individuals and non-individuals.
Property Loans
Issued pursuant to:
Banking Act (Cap. 19) section 55
Applies to:
Full Bank (Locally Incorporated)
,
Full Bank (Branch)
,
Wholesale Bank (Branch)
,
Wholesale Bank (Locally Incorporated)
View Notice
Notice 632B Residential Property Loans
(100.4 KB)
This notice applies to all banks in Singapore. It sets out the rules for 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 also:
Press release: Raising Additional Buyer's Stamp Duty Rates and Tightening Loan-to-Value Limits to Promote a Stable and Sustainable Property Market
Rules for New Housing Loans
Mortgage Equity Withdrawal Loan Rules
Refinancing Housing Loans
09 Nov 2020 MAS Notice 632B (Amendment No. 3) 2020 (107.3 KB) takes effect.
06 Apr 2020 MAS Notice 632B (Amendment No. 2) 2020 (126.1 KB) takes effect.
06 Apr 2020 MAS Notice 632B (Amendment) 2020
(261.1 KB) takes effect.
18 Feb 2020 MAS Notice 632B dated 17 Feb 2020 takes effect.