Staff Reporter
,
Singapore
Here's the impact on housing loan growth.
According to DBS, since further property cooling measures were imposed early this year and with the Total Debt Service Ratio implemented since late Jun 2013, DBS understands from the banks that mortgage applications have declined by 30-40% y-o-y.
Here's more:
Housing loan growth would likely stay around low double digits as there are still loans that were previously approved to be drawn down, this could last till end 1H14.
Join Singapore Business Review community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!