Singapore Property News

SINGAPORE'S total bank lending rose 2.8 per cent last month to hit a record high, with business and consumer loans both increasing on the back of strong economic growth. The total value of Singapore-dollar bank loans outstanding as of the end of last month was a record $343.4 billion, compared with $334.1 billion in February, according to statistics [...]

Bigger dip expected once fuller impact of property cooling measures is felt THE growth of housing loans has sunk to its lowest level in 12 months. But analysts say a bigger dip may be on the way as they believe the full impact of January's property cooling measures is yet to be reflected in the latest numbers. The [...]

24.4% of them obtained a second loan, 15.1% a third or more mortgage (SINGAPORE) As many as 15.1 per cent of individuals who obtained a new property loan last year were already holding two or more outstanding property loans. While this proportion has remained relatively stable over the years, the absolute number of borrowers making up the group [...]

LONDON – British mortgage approvals picked up more than expected in January and mortgage lending rose to its highest in almost a year, Bank of England figures showed on Tuesday. However, consumer credit contracted at its fastest pace in over a year and money supply growth remained weak, suggesting overall credit conditions remained far from normal at a [...]