You are here

No housing bubble in Singapore: Citigroup

Mortgages of $203b only 24.2% of property values in Q3, says lender
Monday, September 15, 2014 - 12:09

[SINGAPORE] Citigroup Inc said that it's "encouraging" that Singapore's household debt tied to the real estate market is only a fraction of property values, downplaying concerns of a bubble. Singapore's $203 billion of mortgages amounted to 24.2 per cent of the value of residential properties in

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom