Housing loans shrink for 12th straight month in December

Singapore

HOUSING loans in Singapore shrank for the 12th straight month in December, leading to a fall in total consumer loans, preliminary Monetary Authority of Singapore (MAS) data showed on Friday.

On a month-to-month basis, housing loans, which account for three-quarters of consumer lending, dipped 0.1 per cent to S$200.7 billion in December. Year on year, they were down about 1.7 per cent.