Chart of the Day: Singapore’s housing loan demand to stay listless in 2015
Loan growth in 2014 was a four-year low.
Home buyers remain cautious and employ a wait-and-see approach.
According to a report by Maybank Kim Eng, after four years of double-digit loan growth, SGD loan growth slowed to 5.8% in 2014.
Analysts expect housing loan demand to stay listless this year, weighed down by a lacklustre property market.
Maybank KE says that business loans should be propped up by building & construction loans and an expected rebound in general-commerce loans in 2H15.