Daily Archives: July 2, 2013 (6 Articles Found)

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Impact of fresh property loan curbs muted

Some home buyers rushed to submit mortgage applications to banks last Fri night before tougher rules on home loan financing kicked in at midnight. But a day after the Government’s move to tighten home loan financing, the overall…

New loan rules may stay to stabilise property market

Tougher new rules on property financing effective last Sat are likely to be permanent and structural to stabilise the property market, MND Minister Khaw Boon Wan said yesterday. “It’s not really a cooling measure as such, but it’s…

HDB resale flat prices ease up in 2nd quarter

Resale flat prices in public housing ticked upwards by 0.5 per cent in the second quarter of this year, as measures to cool the property market took effect, recording the most sluggish pace since 2009. For the period…

Impact of home loans on banks likely limited

Bank analysts yesterday said banks here are likely to be somewhat cushioned against the impact of the latest move by MAS to tighten home loans. MAS on Fri said it will impose a standardised TDSR framework for banks…

Analysts say most mortgages already meet criteria of newly tightened rules

Another carefully targeted missile to expunge certain buyers from the property market was launched last Friday. MAS trained its latest measure on one specific class of real estate investors: those spending too much of their monthly pay packet…

Q2 property prices up on suburban condo sales

Red-hot demand for suburban homes helped drive up overall property prices in the second quarter. Values across the market were up 0.8 per cent in the three months to June 30, following a 0.6 per cent rise in…

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