14.08.2012 - Singapore: 50-year housing loans unlikely to impact public housing market
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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