Curbs hit mortgage growth.
According to Barclays, Singapore's housing loans slowed to 0.7% m/m (vs 1.6% m/m in August) and 7.7% ytd, as MAS’s fine tuning of housing loan-to-value limits in late June and the introduction of a 60% Total Debt Servicing Ratio (TDSR) cap, in a bid to further strengthen credit underwriting standards, affected mortgage growth.
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