I am a bit confused by the recent loan curbs on properties. Is the total amount of loans I can borrow based on my monthly income or the value of the property?

The age counts.

Assuming you are single, 35yrs old, based on ur $4k salary.

The BTO is assumed to be priced at $239, 000

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Without debt or including cpf, the estimated maximum amount you can borrow for BTO HDB flat is $319600 at TMSR 30% (for HDB or EC purchase only) and TDSR 30% (for all ppty type) for a Tenor of 25yrs.

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The above calculations shows if you are single, got debts or bad credit score, you might not be able to borrow a decent amount.

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Cpf will play a good part in helping you getting your loan and with Cpf grants.

What we can learn from the above is,

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1. Get married with a spouse with cpf tt can help getting a loan
2. Dun get into any debts before any ppty loan
3. Number of Credit cards and late payment will upset ur credit score that stays for 3 yrs.
4. Increasing your income but make dure the combined income with ur spouse still allows u to get a BTO or EC.
5. if you are getting PTE ppty, your current status is not eligible.

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You can use this calculator as a guide when the need arise.

https://uniservices1.uobgroup.com/secure/online...

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Hope my reply helps.

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Thank you.

In short your loan amount is limited by
#1 LTV which capped the max possible loan amount
#2 TDSR which dictates the actual loan amount that you can take within LTV limit