RESIDENTIAL PROPERTY | Staff Reporter, Singapore

Home loans to rise by 7% until 2019: Fitch

This will be driven by stronger demand and sentiment, along with price competition.

Mortgage lending in Singapore is expected to rise by 5-7% per year within 2017 to 2019, Fitch Ratings said.

According to its 2018 Global Housing and Mortgage Outlook, the increase in lending will be mainly driven by higher demand from owner-occupiers.

Housing loan growth has decelerated since 2013, in line with overall property market softness as the macro-prudential measures introduced over the years began to curb buyer appetite.

This is expected to turn in 2018 to 2019, driven by pent-up demand, stronger market sentiment, and competitive mortgage offerings.

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