Which type of property in Singapore does not require TDSR

Key exemptions from the Total Debt Servicing Ratio (TDSR) framework in Singapore property are:

- Mortgage Equity Withdrawal Loans (MWLs): These are exempt from TDSR if the loan amount does not exceed 50% of the property's value when combined with existing loans on the same property. This allows owners, especially retirees, to unlock equity from their property without being subject to TDSR.

- Refinancing for Owner-Occupied Properties: If you are refinancing a housing loan for the property you live in, TDSR does not apply. This concession is meant for existing borrowers and applies regardless of whether the new loan exceeds the typical TDSR threshold.

- Refinancing of Investment Property Loans: Borrowers can refinance investment property loans beyond the TDSR limit if they follow a mandated debt reduction plan and meet other financial institution requirements.

- Accredited Investors Borrowing from Private Funders: Singapore accredited investors can be exempt from TDSR when borrowing from a registered private funder, as these lenders are not subject to the same TDSR restrictions as banks.

These exemptions allow some flexibility for property owners and investors in Singapore, especially in scenarios involving refinancing, equity release, or accredited investor status.