Paying off the monthly instalments of HDB loans for Build-To-Order (BTO) flats has become easier in the past three years, even though the maximum tenure of these mortgages was reduced from 30 years to 25 years in 2013, reported TODAYonline.
According to the Housing Board, the debt servicing ratio (DSR), or the proportion of a household’s monthly income that’s used to repay the loan instalment, declined from 24 percent in 2013 to 19 percent last year.
To read the full article, please visit New HDB Flats Now More Affordable
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