In Focus
Lending & Credit
Staff Reporter
, Singapore
Published:

Here are 3 charts to prove Singapore banks' ugly loan growth in October

Housing loan growth slowest in 4 years.

According to Maybank Kim Eng, the industry housing loan (29.8% of total) growth slowed to 11.9% YoY, the weakest
in four years.

The deceleration reflects a less robust property market and should continue well into 2014. Prospective growth will primarily come from loan drawdowns of new home completions (2014: 19,302 units; 2015: 18,278 units).

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