princess_morbucks
02-12-13, 08:54
It remained muted at 0.7%.
According to Barclays, housing loans growth remained muted at 0.7% m/m (same as in September) and 8.5% ytd, after MAS’s fine tuning of housing loan-to-value limits in late June and the introduction of a 60% Total Debt Servicing Ratio (TDSR) cap, in a bid to further strengthen credit underwriting standards.
Here's more:
The system loan-to-deposit ratio further inched up to 101% (from 100% in September). Though the delayed Fed tapering may alleviate some concerns over potential liquidity outflow from ASEAN markets in the short-term, it remains a risk to system liquidity in the medium- to long-term.
We believe Singapore is relatively defensive as Asia’s key funding centre and is still one of the most resilient markets in EM Asia to liquidity outflows.
- See more at: http://sbr.com.sg/financial-services/news/chart-day-housing-loans-growth-in-october-harmed-property-curbs?utm_source=twitterfeed&utm_medium=twitter#sthash.kXRP95cg.dpuf
http://sbr.com.sg/sites/default/files/imagecache/300x170/news/chart_0.png
According to Barclays, housing loans growth remained muted at 0.7% m/m (same as in September) and 8.5% ytd, after MAS’s fine tuning of housing loan-to-value limits in late June and the introduction of a 60% Total Debt Servicing Ratio (TDSR) cap, in a bid to further strengthen credit underwriting standards.
Here's more:
The system loan-to-deposit ratio further inched up to 101% (from 100% in September). Though the delayed Fed tapering may alleviate some concerns over potential liquidity outflow from ASEAN markets in the short-term, it remains a risk to system liquidity in the medium- to long-term.
We believe Singapore is relatively defensive as Asia’s key funding centre and is still one of the most resilient markets in EM Asia to liquidity outflows.
- See more at: http://sbr.com.sg/financial-services/news/chart-day-housing-loans-growth-in-october-harmed-property-curbs?utm_source=twitterfeed&utm_medium=twitter#sthash.kXRP95cg.dpuf
http://sbr.com.sg/sites/default/files/imagecache/300x170/news/chart_0.png