28% of outstanding non-bank loans in Singapore are property-related

And housing loans account for 17%.

According to the Monetary Authority of Singapore, as of March 2013, property-related exposures accounted for 28% of banks’ total outstanding non-bank loans. These exposures comprised housing loans at 17%, and loans to property developers and construction companies, at 11%. Of the housing loans granted, more than 70% were for owner-occupied residential properties.

The MAS noted that the series of measures taken by the Government over the last three years have sought to have a cooling effect on the market. The measures, including especially the more stringent caps on loan-to-value (LTV) ratios, have also provided a buffer for banks should property prices decline. The average LTV ratio for outstanding housing loans stood at a reasonable 48% as of Q1 2013.