{"id":95315,"date":"2018-08-03T10:58:51","date_gmt":"2018-08-03T03:58:51","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-related-loans-to-fall-by-1b-in-2h-2018-dbs\/"},"modified":"2018-08-03T11:05:29","modified_gmt":"2018-08-03T04:05:29","slug":"property-related-loans-to-fall-by-1b-in-2h-2018-dbs","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-related-loans-to-fall-by-1b-in-2h-2018-dbs\/","title":{"rendered":"Property-related loans to fall by $1b in 2H 2018: DBS"},"content":{"rendered":"


\nMortgages to home buyers and loans to property developers are expected to decline following the new property cooling measures.
\nDue 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 of eight percent, reported the Business Times.
\nSpecifically, mortgages to home buyers and loans to property developers are projected to decline by around $500 million each for a total of $1 billion in the second half of 2018.
\nMore: A Beginner\u2019s Guide To Mortgage Loans
\n\u201cWe originally anticipated putting on about $4 billion consumer mortgages,\u201d said DBS Group Holdings\u2019 CEO Piyush Gupta during the company\u2019s Q2 earnings briefing on Thursday (2 August).
\n\u201cWith the slowdown and given what happened in the last set of tightening measures, I anticipate we\u2019ll probably give up about half a billion dollars in new-loan booking in the second half of this year, so we\u2019d probably come in at $3.5 billion instead (for loans to home buyers only).\u201d
\nFor the second quarter, the net profit of DBS jumped 20 percent year-on-year to $1.37 billion thanks to an 18 percent growth in net interest income to $2.22 billion and an 11 percent rise in net fee and commission income to $706 million. But these were offset by weak trading income.
\nIn particular, the firm\u2019s housing loans for consumers in Q2 increased by 14.06 percent to about $73.97 billion on an annual basis, while loans for building and construction to property developers climbed by 16.31 percent to $70.42 billion.
\nDBS is considered the biggest home lender in Singapore with a market share of 31 percent.
\nMore: Financial Guide On Affordability: TDSR
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Property-related loans to fall by b in 2H 2018: DBS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mortgages to home buyers and loans to property developers are expected to decline following the...<\/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-95315","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-oNl","jetpack-related-posts":[{"id":94279,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-cooling-measures-to-impact-banks-mortgage-business-says-dbs\/","url_meta":{"origin":95315,"position":0},"title":"New cooling measures to impact banks\u2019 mortgage business, says DBS","date":"July 20, 2018","format":false,"excerpt":"\r Singapore\u2019s mortgage market is expected to soften in the long term due to the new cooling measures in the private residential market, according to the city-state\u2019s largest bank, DBS Group Holdings. Nevertheless, the large number of homes purchased a few hours before the curbs took effect will give a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104147,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dbs-bank-misses-mortgage-growth-forecast-for-2018\/","url_meta":{"origin":95315,"position":1},"title":"DBS Bank misses mortgage growth forecast for 2018","date":"February 19, 2019","format":false,"excerpt":"\r The bank\u2019s mortgage business continues to be slow. Growth in DBS Bank\u2019s housing loans business weakened further than expected last year following the introduction of new property cooing measures in July, reported the Business Times. Despite revising its original full-year forecast of $4 billion to $2.5 billion when it\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":46013,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dbs-uob-offering-home-loans-with-zero-spread\/","url_meta":{"origin":95315,"position":2},"title":"DBS, UOB offering home loans with zero spread","date":"February 28, 2017","format":false,"excerpt":"\r A large crowd of prospective buyers at The Clement Canopy showflat. (Photo: UOL Group) DBS Bank and United Overseas Bank (UOB) are offering mortgages with zero percent spread to compete for the chance to fund the purchase of a minimum of 1,225 homes in this year\u2019s first two property\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":95315,"position":3},"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":[]},{"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":95315,"position":4},"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":95315,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/95315"}],"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=95315"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/95315\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=95315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=95315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=95315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}