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

Published Sat, Jan 30, 2021 · 05:50 AM

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.