singapore will announce CM 7 plus
In the final analysis.....its NOT whether you have a diploma,degree,masters OR PHD....its whether you have a HDB/PC/EC or LANDED...
looking forward to cm7 mini and cm7 active
taking a leaf from smartphones evolution lol
click: 🏢shoeboxmickeymousehouse 🏢
if come Cm7 mega, how...Originally Posted by mcmlxxvi
u don't need QE3+ ... already our credit growth is unstoppable
Is it sustainable? Of course not, otherwise MAS won't be coming out with CMs for housing loans and car loans but how about industrial properties, REITs, enbloc by developers?
When the music will stop?? Even ghost also won't know
Ride at your own risk !!!
Ravi Menon is not worried yet:
Singapore’s credit-to-GDP ratio has risen from 200% to 270% over last three years. MAS
has been monitoring this very closely but credit growth, in and of itself, is not a cause for major concern.
• Growth in total credit reflects Singapore’s growing role as regional financial centre.
• Banks in Singapore are intermediating surplus funds to meet credit demand
throughout Asia, particularly for productive economic activities like trade financing.
• The increase in resident credit-to-GDP ratio is less sharp, from 125% to 155% over last three years.
• Domestic credit growth is broad based across both households and corporates,
including financing capacity expansions by the petrochemical industry.
Nonetheless, the strong flow of domestic credit to real estate is a concern:
• Housing loans by banks grew 18% each year over last three years.
Ride at your own risk !!!