Singapore moves to prevent property price bubble
The Monetary Authority of Singapore (MAS) today (October 5) unveiled new restrictions on the tenure of loans granted by financial institutions for the purchase of residential properties in a bid to cool the Lion State's property markets.
A tenure limit of 35 years will be applied to both private properties and public housing – the latter was estimated to cover 82% of the population by the Asian Development Bank in 2011 – and will take effect from October 6.
The restrictions are the central bank
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