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No housing bubble in Singapore: Citigroup

Mortgages of $203b only 24.2% of property values in Q3, says lender

[SINGAPORE] Citigroup Inc said that it's "encouraging" that Singapore's household debt tied to the real estate market is only a fraction of property values, downplaying concerns of a bubble.

Singapore's $203 billion of mortgages amounted to 24.2 per cent of the value of residential

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