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Home loan growth has slowed but some households still vulnerable: MAS

Published on Dec 3, 2013 12:06 PM
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The property curbs introduced in Singapore over the past few years have slowed growth in home loans and curbed investment demand. -- ST FILE PHOTO: LIM YAOHUI 

The property curbs introduced in Singapore over the past few years have slowed growth in home loans and curbed investment demand.

But some households may remain financially vulnerable, the central bank said on Tuesday.

Home loans grew 12 per cent in September this year from the same month last year, down from a peak of 22 per cent growth in September 2010, the Monetary Authority of Singapore (MAS) said in its annual financial stability report.

A total of $8.8 billion in new home loans was given out in the third quarter of this year, less than the $13.5 billion the preceding year.

 
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