MAS puts more scrutiny on bank loans for property development
New MAS survey sent out last month looks at key covenants and loan-to-value ratios; industry players say checks and balances are already in place
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Singapore
A SPATE of aggressive land deals by developers last year has prompted the Singapore central bank to take a closer look at the way banks are financing development projects.
The Business Times understands that the Monetary Authority of Singapore (MAS) is collecting more data from banks through a new survey sent out to them last month.
