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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

The central bank had, in its Financial Stability Review published in November, highlighted that recent developments in the property market posed potential risks to stability.


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...

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