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Slower growth in home loans expected from cooling measures

Loans growth of the three local banks for 2018 is likely to fall to 6-7 per cent from 7-8 per cent, say analysts

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Published Fri, Jul 6, 2018 · 09:50 PM

    Singapore

    HOME buyers will be hit hard by the latest property cooling measures since the lower borrowing limits require them to stump up a lot more cash, say bankers.

    With the new set of cooling measures comprising a reduced loan-to-value (LTV) limit and increased additional buyer stamp duty (ABSD), new property buyers will require more cash/CPF funds for their downpayments, said Tok Geok Peng, DBS Bank head of secured lending.

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