Housing Loan Increases By S$10.58 Bln Over Last Year As Property Bubble Grew

[SNAblog]

http://www.nasdaq.com/aspx/stock-ma...entral-bank-october-bank-loans-s27539-billion

Singapore Central Bank: October Bank Loans S$275.39 Billion

SINGAPORE -(Dow Jones)- The Monetary Authority of Singapore on Monday released the following provisional bank lending data for October 2009.


Oct 2009 Year Ago Sep 2009
Total S$275.39B S$275.94B S$275.89B
Housing/Bridge S$ 89.12B S$ 78.54B S$87.07B
Professionals
& Private Individuals S$ 2.97B S$ 2.91B S$ 2.95B
Building/Construction S$ 48.46B S$ 49.89B S$49.02B
Manufacturing S$ 11.26B S$ 14.24B S$11.43B</pre>

 

[singveld]

no wonder our GDP number look so good,
the bank are creating new money, printing new singapore dollars bills like no tomorrow.
i just wonder if it is under the command of PAP, or the bankers want to give themselves bonus?