The property curbs over the past few years have slowed home lending and are squeezing speculators out of the market, the central bank said yesterday.
But it warned that prices remain high, mortgage debt is still rising and some households could be hit if interest rates rise.
Home loans grew 12 per cent in September from the same month last year, down from a peak of 22 per cent growth in September 2010, the Monetary Authority of Singapore (MAS) said in its Financial Stability Review 2013 report.
Tagged in:
Domestic Economic Activity
Economic Activity Key Indicator
Economic fundamentals and Monetary Policy
Financial Stability Review 2013
Financial Structure and Economic growth
Financial System and Economic Growth
HDB Resale Property Price Index
Increase in economic activity and Development
Land support for New Economic Activities
Monetary Authority of Singapore MAS
Private Residential Property Price Index
Property Cooling measures
Residential Rental Index Versus Property Price Index PPI
Singapore Economic Growth
Singapore Property Price Index
Total Debt Servicing Ratio TDSR
Total Household Debt
Total public housing versus Total Housing Stock