SINGAPORE (Sept 5): When the Monetary Authority of Singapore (MAS) declared changes to the Total Debt Servicing Ratio (TDSR) structure last Thursday, the administrative power made it clear that it was not the facilitating of property cooling measures that some are craving after.
MAS said in an announcement that refining the renegotiating rules under the TDSR structure was in light of input from a few borrowers who can't renegotiate their current property credits attributable to the use of the TDSR limit of 60%.
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