New housing loan applications fall 30% for DBS, OCBC in Q3

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#1
It serves as good indicator on the property demand in Singapore...

New housing loan applications fall 30% for DBS, OCBC in Q3

SINGAPORE — Following the announcement of new property loan curbs in June, Singapore banks DBS and OCBC said new housing loan applications have fallen 30 per cent in the third quarter.

Still, both banks expect to continue to see positive loans growth, as previously contracted commitments are still in the loans pipeline.

However, OCBC said this momentum could taper off in the second half of next year.

The bank expects loans growth in the very “low-teens” for this year, while DBS is forecasting total loans growth to come in at around 15 per cent.
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http://www.todayonline.com/business/new-...bs-ocbc-q3
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#2
Nothing from uob?
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#3
(02-11-2013, 12:50 AM)pianist Wrote: Nothing from uob?

UOB not there because its financial report is not announced yet.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#4
Where are the PRCs with their suitcases of cash?
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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#5
(02-11-2013, 09:26 PM)opmi Wrote: Where are the PRCs with their suitcases of cash?

Those PRCs with suitcases of cash, are not included in the statistic of new home loan applications. Big Grin
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#6
(02-11-2013, 09:26 PM)opmi Wrote: Where are the PRCs with their suitcases of cash?

Err... With suitcases of cash, maybe they don't need to take loans?
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