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Singapore tightens home loan rules

Posted on 10 October 2012

Singapore’s central bank has tightened rules on residential property lending amid fears that the city-state’s real estate market could be heading into a dangerous bubble. The Monetary Authority of Singapore (MAS) said in a statement it was imposing a maximum tenure of 35 years for new housing loans with effect from Saturday.
“MAS’ move is part of the government’s broader aim of avoiding a price bubble and fostering long-term stability in the property market,” the central bank said……………………………………….Full Article: Source


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