S'PORE HOME LOANS FEEL IMPACT OF COOLING MEASURES
The number of new housing loans and property deals in Singapore MAS ).
The MAS ’ latest Financial Stability Review report showed that new housing loans dropped to S$12.4 billion in Q3 while outstanding housing loan growth eased to 18 percent year-on-year in Q3, down from 23 percent in Q4 last year.
The report noted that the key drivers behind the moderation were decreases in both sub-sale and resale activities.
“The policy measures taken by the government appear to have dampened the momentum in the private residential property market somewhat,” said the MAS .
Info courtesy - PropertyGuru
