TDSR objectives gradually being met: MAS

Singapore

THE objectives of the Total Debt Servicing Ratio (TDSR) framework seem to have been met.

According to the Monetary Authority of Singapore (MAS), less than 10 per cent of existing borrowers have a TDSR of above 60 per cent, and this is expected to decline over time as households pay down their loans.

There are even more reassuring signs among new borrowers.

A spokesman tells BT: "The incidence of highly leveraged borrowers has come down for new housing loans. Almost all new housing…