Head of central bank, MD Ravi Menon, said that the Singapore Property Market will not have its curbs eased anytime soon.
The mortgage refinancing rule has been
eased last week by the Monetary Authority of Singapore (MAS). It took
effect on 1 Sep 2016. This is not to increase demand for new
home loans but rather to help alleviate current homeowners’ loan
burdens. The rule does not apply to new home loans so essentially it is
not to create new demand for housing loans. Read More
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