How Singapore banks will be affected by new property loan rules

Limited impact on mortgage approvals.

According to Maybank Kim Eng, based on its channel checks, the Total Debt Servicing Ratio (TDSR) of the domestic banks currently averages a comfortable 40-50% while the interest rate assumed is just above 3%.

Maybank noted that it is unclear whether other computation matrixes are as stringent as that prescribed by the MAS but the lower average TDSR against the cap of 60% provides some buffer.

Here's more:

As such, we do not think that there will be a significant impact to mortgage approvals at this stage. While some cooling off of property loan approvals cannot be ruled out, we expect the impact to be limited.

We maintain our Neutral stance on the banks with DBS being our top pick – 2013 yields are a decent 3.7% post-correction while the group is least exposed to Singapore’s property sector (19% of total loans ex DBS HK vs 23% and 26% for OCBC and UOB respectively, exMalaysia).

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia