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The housing loan amount represented as a percentage of the property’s value. Thus, a house worth S$1,000,000 with a mortgage loan of S$500,000 would have a LTV of 50%. Based on the latest guidelines imposed by MAS, the maximum LTV limits for borrowers who have one or more outstanding housing loans (whether from HDB or a financial institution regulated by MAS) at the time of applying for a housing loan for the new property purchase is capped at maximum of 60%. For borrowers who do not have any outstanding housing loans, the maximum LTV limit is 80%.

Source: Property Guru

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