Regulatory Alerts2013-02-22
Added · Updated
Prudential Measures for Property Mortgage Loans
The regulator introduced prudential measures on 22 February 2013 requiring Authorized Institutions to adopt the lowest applicable loan amount when multiple measures apply. The rules increase the stress testing mortgage rate adjustment to at least 3 percentage points and lower LTV ratio limits for non-residential property loans by 10 percentage points across various applicant categories. Additionally, standalone car park space mortgage loans are subject to non-residential LTV and DSR limits with a maximum tenor of 15 years.