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Singapore: Property deals, loans feel effect of Jan measures

Posted on 23 November 2011

The number of property deals and quantum of new housing loans fell after the last round of cooling measures on Jan 13, says the Monetary Authority of Singapore (MAS) in its latest Financial Stability Review report.
The report, released yesterday, noted that new housing loans fell to $12.4 billion in Q3 2011, from $13.4 billion in Q1, while outstanding housing loan growth has eased, to 18 per cent year-on-year in Q3, from 23 per cent in Q4 2010………………………………………..Full Article: Source


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