Housing loans lift bank lending in December amid rising home prices
Housing loans climb 0.4% to S$201.36b, lifting total consumer loans by 0.5% to S$259.62b
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Singapore
HOUSING loans in Singapore extended its growth streak for the fourth straight month last December, on the back of rising private home prices.
On a monthly basis, housing loans - which make up three quarters of consumer lending - climbed 0.4 per cent to S$201.36 billion in December, consequently lifting total consumer loans by 0.5 per cent to S$259.62 billion, data from the Monetary Authority of Singapore showed on Friday.
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