10.10.2012 - Singapore tightens home loan rules
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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