MAS Announces Smaller Loan Amounts for Buyers Using Deferred Payment Scheme
According to the Monetary Authority of Singapore (MAS), buyers of private properties who are utilising deferred payment schemes will now receive smaller loan amounts. This affects various completed projects that are offered the deferred payment scheme, such as OUE Twin Peaks. Under this scheme, buyers can move into their new homes as soon as they have made a small down payment and exercised the option to purchase. While standard protocol for buyers of completed projects is to pay the full