House-price inflation in Asia 'under control'
Cooling measures and accommodative monetary policy have helped tame prices while slowing mortgage credit growth in some nations: S&P report
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Singapore
COOLING measures and an accommodative monetary policy have helped to control house-price inflation in Singapore among other Asia-Pacific nations, a housing report published by S&P Global Ratings (S&P) on Thursday has found.
The study noted that mortgage credit expanded across the region, albeit at a slower pace compared to six months ago, while monetary policy remains highly accommodative - which has lowered mortgage interest rates, and eased mortgage financing conditions.
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