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Singapore: 50-year housing loans unlikely to impact public housing market

Posted on 14 August 2012

National Development Minister Khaw Boon Wan said the 50-year mortgage bank loans that are available now are not likely to have significant impact on the public housing market.
In a written reply to a question by Aljunied Member of Parliament Chen Show Mao, Mr Khaw added that while some borrowers may be attracted by the lower monthly instalments, the ministry does not expect 50-year housing loans to be popular………………………………………..Full Article: Source


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