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S'pore banks able to withstand a sharp property fall: Fitch

Potential earnings impact manageable due to a proactive regulator and measures introduced to curb excessive debt
Wednesday, August 31, 2016 - 05:50

Fitch expects Singapore's private residential-home prices to weaken further as a large supply of new homes floods the market.


SINGAPORE banks are strong enough to withstand a sharp downturn in the property market despite their large exposure to the sector, said Fitch Ratings.

The downside risks for banks would be modest even if housing-loan quality were to deteriorate drastically, it said.

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