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Singapore tightens property borrowing rules

Posted on 12 October 2012

Singapore has tightened its controls on real estate lending to quash symptoms of a property bubble. Singapore’s Monetary Authority said in an issued statement that it will enforce a maximum tenure of 35 years for new housing loans.
“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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