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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

Published Mon, Jan 8, 2018 · 09:50 PM

Monetary Authority of Singapore

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.

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