How much should I be paying for my housing loan in Singapore?

As a rule of thumb, your housing loan in Singapore payments should not exceed more than 30% of your gross monthly income. This limit has been determined by the Monetary Authority of Singapore (MAS), where the ideal Mortgage Servicing Ratio (MSR) states no more than 30% of your monthly income can be used for monthly housing loan repayments. For example if you earn $5000 a month, the 30% of your salary that goes into monthly housing loan payments only equates to $1500 monthly.