Singapore MAS Tharman Shanmugaratnam: 63% of Private Properties Have Outstanding Loans in Q2 2022, 44.3% Loan Ratio to Valuation, 75% for Owner Stay & 25% for Investments
27th October 2022 | Singapore
Singapore central bank Monetary Authority of Singapore (MAS) Tharman Shanmugaratnam (Senior Minister & Minister in charge of MAS) reply to questions on percentage of private residential properties with outstanding mortgage loans, with 63% of Private Residential Properties having outstanding loans in Q2 2022 (37% without), average of 44.3% Loan-to-Value (LTV, Eg. $443,000 loan to $1 million valuation), and 75% of the residential properties with loans are for owner stay (occupied) & 25% of the residential properties with loans are for investments. MAS Tharman Shanmugaratnam: “Based on latest available data, about 63% of owners of private residential properties had outstanding mortgage loans as of Q2 2022. The average Loan-to-Value (LTV) ratio of outstanding mortgage loans on private residential properties extended by financial institutions was at 44.3% as of Q2 2022. As of Aug 2022, approximately 75% of outstanding mortgage loans on private residential properties were for the financing of owner-occupied properties and the remaining 25% were for investment properties.”
“ 63% of Private Properties Have Outstanding Loans in Q2 2022, 44.3% Loan Ratio to Valuation, 75% for Owner Stay & 25% for Investments “
MAS Tharman Shanmugaratnam on Private Residential Properties with Outstanding Mortgage Loans
Reply to Parliamentary Question on on Private Residential Properties with Outstanding Mortgage Loans
Date: For Parliament Sitting on 20 October 2022
Mr Chua Kheng Wee Louis, MP, Sengkang GRC
To ask the Prime Minister of the current stock of private residential properties (a) what is the percentage of properties that have an outstanding mortgage loan; (b) what is the average Loan-To-Value ratio of such mortgage loans; and (c) what is the percentage of such mortgage loans that are used to finance (i) owner-occupied properties and (ii) investment properties respectively.
Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS:
1. Based on latest available data, about 63% of owners of private residential properties had outstanding mortgage loans as of Q2 2022.
2. The average Loan-to-Value (LTV) ratio of outstanding mortgage loans on private residential properties extended by financial institutions was at 44.3% as of Q2 2022.
3. As of Aug 2022, approximately 75% of outstanding mortgage loans on private residential properties were for the financing of owner-occupied properties and the remaining 25% were for investment properties.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
