It is scary to know there are people out there having a debt - TopicsExpress

It is scary to know there are people out there having a debt servicing ratio of 60%. 45% or more is considered excessive. Most of the requirements are already set in place by the government. This should not be seen as a serious cooling measure. Things to note are, the 3.5% interest and >$30 haircut to variable income components such as bonuses mas.gov.sg/News-and-Publications/Press-Releases/2013/MAS-Introduces-Debt-Servicing-Framework-for-Property-Loans.aspx

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