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' Singapore Banks Not Overexposed To Property - Moody's

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Singapore banks not overexposed to property - Moody's

SINGAPORE (Thomson Financial) - Singapore banks are not over-exposed to the property sector as they had been cautious in their lending to property developers since the Asian financial crisis 10 years ago, a Moody's official said.
'So far we're not seeing any stress,' Moody's senior vice president and regional credit officer Deborah Schuler said when asked at a media briefing whether Singapore banks' exposure to property should be a cause for concern.
'The banks aren't getting too deeply involved in property,' Schuler said.
Commenting on the surge in residential property prices here, Schuler said prices are not yet at their peak.
'We haven't seen any substantial price increases for several years. It probably will be over the top, but we haven't seen that yet,' she said.

Not quite sure what to make of that. :blink:

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