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Housing loans surged 49.2% in Q1

Fresh property news selection on August 03. 2020, Monday.

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It is attributed to lower interest rates, allowing homeowners to secure loans at favourable terms.

08.03.

This chart from EDMUND TIE shows that housing loans continued to grow for the third consecutive quarter by 49.2% YoY in Q1.

The rise in housing loans granted may be attributed to lower interest rates, allowing homeowners to secure loans at favourable terms. This is despite the fact that government relief has been provided for Singaporean married couples who are seeking ABSD remission for the joint purchase of their second residential property, with an extension of six months for the sale of their first residential property.

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