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Housing loans extend drop in May but overall lending rises on business loans: MAS data

Property market continues to see demand and sentiment tempered by cooling measures since last July

Singapore

UNSURPRISINGLY, housing loans in Singapore shrank for the fifth straight month in May. At S$202.54 billion, this is a 13-month low as cooling measures continue to work their way through the property market. Preliminary data from the Monetary Authority of Singapore (MAS) released...