{"id":107721,"date":"2019-06-03T12:09:25","date_gmt":"2019-06-03T05:09:25","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/mas-housing-loans-continue-to-fall-in-april\/"},"modified":"2019-06-03T13:03:57","modified_gmt":"2019-06-03T06:03:57","slug":"mas-housing-loans-continue-to-fall-in-april","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mas-housing-loans-continue-to-fall-in-april\/","title":{"rendered":"MAS: Housing loans continue to fall in April"},"content":{"rendered":"


\nLoans fell to $202.76 billion in April, from $203.38 billion in March.\u00a0\u00a0
\nPreliminary data from the Monetary Authority of Singapore (MAS) revealed that housing loans in Singapore fell for a third month in April, which resulted to a continued drop in consumer loans, reported The Business Times.
\nBridging loans and mortgages booked in April on a net basis amounted to $202.76 billion, lower than the $203.38 billion posted in March.
\nWith housing loans accounting for about three-quarters of consumer lending, overall consumer loans fell to $264.57 billion in April from $264.67 billion in March.
\nIn a Bloomberg interview, Minister for National Development Lawrence Wong said the property cycle in Singapore has stabilised almost a year after the government intervened to curb soaring property prices.
\n\u201cThe property market last year, before the cooling measures were put in place, we saw prices rising very sharply\u2026There was a very real risk that prices would outpace fundamentals, and I think if that had happened, then eventually it would lead to a destabilising correction, and I think everybody would be worse off,\u201d said Wong.
\n\u201cIt was, as we had stressed then, not to bring down prices but to stabilise and moderate the cycle, and I think we have achieved that effect.\u201d
\nOverall bank lending held flat in April from the previous month, on the back of moderated growth in business lending and decline in consumer loans.
\nTotal lending in April climbed 1.4 percent from a year ago, slower than the 2.2 percent year-on-year growth registered in March.
\nTurn back time and enjoy discounts of up to $300,000 when you buy a new home during PropertyGuru\u2019s GuruDeals now!\u00a0<\/p>\n

Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…MAS: Housing loans continue to fall in April<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Loans fell to $202.76 billion in April, from $203.38 billion in March.\u00a0\u00a0 Preliminary data from...<\/p>\n","protected":false},"author":1,"featured_media":107722,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-107721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/06\/PGSG_Consumer_GuruDeals_In-house_Content_Banner-1-2.jpg?fit=728%2C120&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-s1r","jetpack-related-posts":[{"id":95315,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-related-loans-to-fall-by-1b-in-2h-2018-dbs\/","url_meta":{"origin":107721,"position":0},"title":"Property-related loans to fall by $1b in 2H 2018: DBS","date":"August 3, 2018","format":false,"excerpt":"\r Mortgages to home buyers and loans to property developers are expected to decline following the new property cooling measures. Due to the new property curbs, DBS Group Holdings expects its mortgage business to grow by 6.0 to 7.0 percent for the whole of 2018, down from its initial forecast\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66970,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nearly-us46bn-taken-out-in-short-term-consumer-loans-since-march-to-help-fund-chinese-house-buys\/","url_meta":{"origin":107721,"position":1},"title":"Nearly US$46bn taken out in short-term consumer loans since March to help fund Chinese house buys","date":"September 20, 2017","format":false,"excerpt":"\r At least 300 billion yuan (US$45.7 billion) worth of short-term consumer loans have been taken out by Chinese borrowers and ploughed into the country\u2019s housing market since March \u2013 creating a new funding channel for home buyers to circumvent government efforts at cutting record levels of debt, according to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95567,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-prices-to-drop-by-up-to-10-following-new-curbs\/","url_meta":{"origin":107721,"position":2},"title":"Singapore home prices to drop by up to 10% following new curbs?","date":"August 7, 2018","format":false,"excerpt":"\r Local banks reckon home prices will fall following the latest round of cooling measures. Singapore banks expect home prices to fall along with home loan activity, following the introduction by the government of its latest round of property cooling measures. UOB chief Wee Ee Cheong revealed that his \u201cgut\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116041,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/repayment-of-a-wider-pool-of-loans-may-be-deferred-from-6-may-mas\/","url_meta":{"origin":107721,"position":3},"title":"Repayment of a wider pool of loans may be deferred from 6 May \u2013 MAS","date":"May 4, 2020","format":false,"excerpt":"\r Banks and financial institutions are going to provide for such deferments, but it is up for their customers to opt-in for it. The Monetary Authority of Singapore (MAS) announced that individuals may request for the deferment of loan repayments which include commercial and industrial property loans, education, renovation, and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73401,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mas-points-to-risks-in-the-singapore-property-market\/","url_meta":{"origin":107721,"position":4},"title":"MAS points to risks in the Singapore property market","date":"December 1, 2017","format":false,"excerpt":"\r The recent surge in collective sales poses potential risks to the stability of the local property sector. Hence, market players should proceed cautiously, according to the 2017 Financial Stability Review (FSR) published by the Monetary Authority of Singapore (MAS) on Thursday, 30 November. \u201c20 residential projects totalling about 2,900\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103306,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-mortgage-demand-significantly-dented\/","url_meta":{"origin":107721,"position":5},"title":"Singapore mortgage demand significantly dented","date":"January 25, 2019","format":false,"excerpt":"\r Rising interest rates and new property cooling measures have significantly dented mortgage demand. Rising interest rates and the government\u2019s surprise property cooling measures in July have significantly dented mortgage demand at Singapore\u2019s banks, threatening to further accelerate the decline in house prices, reported Bloomberg. In the first 11 months\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107721"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=107721"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/107722"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=107721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=107721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=107721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}