05 Jul '18, 11pm

Swift Actions By the Government to Raise ABSD and Loan to Value Limits After Some Tough Talk by MAS and DBS Chiefs

Swift Actions By the Government to Raise ABSD and Loan to Value Limits After Some Tough Talk by MAS and DBS Chiefs

Managing Director of MAS Ravi Menon warned on Wednesday , telling individuals who purchase property to be careful. Interest rates are rising , be cautious of debt servicing burdens, avoid taking on too much leverage when buying a house. He also warned banks to be careful when underwriting, there’s euphoria now, everything looks good. He also warned that we should be mindful of the big supply coming on stream. DBS chief executive officer Piyush Gupta said on Thursday, the government introducing tightening measures to cool the property market “cannot be discounted”. He also said that MAS and URA are getting nervous On the same Thursday, government announced the cooling measures.

Full article: http://investmentmoats.com/uncategorized/swift-actions-by...

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