The minimum down payment on an EC can be more than 25 per cent. Consider this: as of 2024, ECs have an income ceiling of $16,000 per month. Now along with this income ceiling, there’s a Mortgage Servicing Ratio (MSR) that caps the monthly loan repayment to 30 per cent of your monthly income. (There’s […]
The post Why The $16,000 Income Ceiling For Executive Condos Is Too Low first appeared on TheFinance.sg.