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CONTENTS
EMERGING FROM THE
GLOBAL RECESSION
MONETARY POLICY
LIQUIDITY
MANAGEMENT
ENSURING SAFETY
AND SOUNDNESS
OF FINANCIAL INSTITUTIONS AND
FINANCIAL SYSTEM
SINGAPORE AS AN
INTERNATIONAL
FINANCIAL CENTRE
ENHANCING
OPERATIONAL
CAPABILITIES
AND RESILIENCE
CURRENCY AND
PAYMENT SYSTEM

Fostering a Sound and Reputable Financial Centre

Property Market Measures

As part of the calibrated steps taken by the Government to temper sentiments and pre-empt a property bubble from forming, MAS banned financial institutions from offering interest-absorption and interest-only housing loans in September 2009. This move was intended to encourage prospective home-buyers to consider carefully their ability to afford the properties over the long term and not rush into any purchase. In February 2010, MAS lowered the loan-to-value limit for housing loans from 90% to 80%, to encourage greater financial prudence among property purchasers and ensure a stable and sustainable property market.