{"id":73059,"date":"2017-11-28T09:48:52","date_gmt":"2017-11-28T02:48:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-property-debt-drops-amid-rise-in-real-rates\/"},"modified":"2017-11-28T10:03:52","modified_gmt":"2017-11-28T03:03:52","slug":"singapores-property-debt-drops-amid-rise-in-real-rates","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-property-debt-drops-amid-rise-in-real-rates\/","title":{"rendered":"Singapore\u2019s property debt drops amid rise in real rates"},"content":{"rendered":"


\nMorgan Stanley believes the accumulation of debt due to property acquisitions in Singapore has eased thanks to higher real rates, reported Singapore Business Review.
\nThe firm noted that the trend in Singapore\u2019s debt-to-GDP largely mirrored that of China, in which negative real rates served as the primary driver in the significant rise in leverage.
\n\u201cHouseholds, in particular, took the opportunity to engage in the property market, which resulted in a rapid accumulation of household debt post-credit crisis,\u201d said Morgan Stanley economist Chetan Ahya.
\nThe pace of leverage build-up, however, eased when real rates started to increase in late 2014.
\nThe introduction of property purchase restrictions also served as an additional constraint for the household sector to further acceleration in debt growth.
\nWhile the impact of the cooling measures on property prices as well as the pace of leverage increase was felt in Hong Kong, it was more evident in Singapore.
\nMorgan Stanley expects the improvement in Singapore\u2019s property market to support GDP growth, on the back of an increase in construction capital expenditure.
\n\u201cWe expect the growth momentum to sustain amid a more conducive external environment and a broader property market recovery. The export recovery could spill over to domestic demand but we expect the pickup there to be gradual,\u201d said Morgan Stanley economist Deyi Tan.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore\u2019s property debt drops amid rise in real rates<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Morgan Stanley believes the accumulation of debt due to property acquisitions in Singapore has eased...<\/p>\n","protected":false},"author":1,"featured_media":0,"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-73059","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-j0n","jetpack-related-posts":[{"id":21108,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-singapores-property-cooling-measures-wont-be-removed-anytime-soon\/","url_meta":{"origin":73059,"position":0},"title":"Why Singapore\u2019s property cooling measures won\u2019t be removed anytime soon","date":"July 27, 2016","format":false,"excerpt":"\r \u201cThere is still some way to go\u201d Is it the right time to remove the cooling measures in Singapore? It is not the right time to ease the property cooling measures, revealed the Monetary Authority of Singapore (MAS). \u201cThere is still some way to go, to entrench the gains\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20856,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/not-time-yet-to-lift-property-cooling-measures-mas\/","url_meta":{"origin":73059,"position":1},"title":"Not time yet to lift property cooling measures: MAS","date":"July 26, 2016","format":false,"excerpt":"\r Singapore\u2019s property cooling measures won\u2019t be removed anytime soon. It is not the right time to ease the property cooling measures, revealed the Monetary Authority of Singapore (MAS). \u201cThere is still some way to go, to entrench the gains in stabilising the property market and restoring household debt sustainability,\u201d\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123715,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mas-cautions-homebuyers-to-exercise-prudence-amid-rise-in-household-debt\/","url_meta":{"origin":73059,"position":2},"title":"MAS cautions homebuyers to exercise prudence amid rise in household debt","date":"December 9, 2021","format":false,"excerpt":"\r MAS cautions homebuyers to exercise prudence amid rise in household debtHousehold debt in Singapore increased between Q4 2019 and Q3 2021, with household debt accounting for 70% of Singapore\u2019s GDP during Q3 2021. With this, the Monetary Authority of Singapore (MAS) urged Singaporeans to exercise prudence when taking on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/HDB-flat-Singapore.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":22907,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-developers-face-record-debt-maturities\/","url_meta":{"origin":73059,"position":3},"title":"Singapore developers face record debt maturities","date":"August 15, 2016","format":false,"excerpt":"\r Developers here are facing record debt maturities, just as home sales posted their longest-ever losing streak. Property firms in Singapore are facing record debt maturities \u2013 $1.8 billion of local currency bonds this quarter, $1.2 billion in the fourth quarter and another $3.7 billion next year \u2013 just as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51795,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-property-prices-to-double-by-2030-morgan-stanley\/","url_meta":{"origin":73059,"position":4},"title":"Singapore\u2019s property prices to double by 2030: Morgan Stanley","date":"April 13, 2017","format":false,"excerpt":"\r The Singapore property market's long downtrend is poised to end, with home prices set to double by 2030, Morgan Stanley said.\r \r Source : cnbc.com\r Read more...Singapore\u2019s property prices to double by 2030: Morgan Stanley","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48278,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-share-prices-trending-upwards\/","url_meta":{"origin":73059,"position":5},"title":"Developer share prices trending upwards","date":"March 16, 2017","format":false,"excerpt":"\r Share prices for some of Singapore\u2019s biggest developers surged after some cooling measures were eased last Friday. \u00a0 Three large property developers reported sizeable increases in their stock prices hours after the government announced the easing of two property cooling measures last Friday (10 March), reported The New Paper.\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\/73059"}],"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=73059"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/73059\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=73059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=73059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=73059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}