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The PropertyGuru Magazine - August 23, 2013

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The PropertyGuru Description:

Publisher: PROPERTYGURU-GROUP

Category: News

Language: English

Frequency: Fortnightly

The PropertyGuru is Singapore's only dedicated Property Newspaper providing Property Owners, Investors, Property Agents & Property Developers latest & exclusive in-depth industry news, fresh perspectives & insights to local & regional Residential & Commercial Property trends & data, alternative investment tips & home improvement ideas.

More & more property consumers rely on The PropertyGuru Newspaper as the leading & reliable source of news before making that important decision!

Download your FREE copy now!

Make better informed decisions on your property investments!

For more property insights, please visit Asia's No.1 Property Portal - www.propertyguru.com.sg

In this issue

Over-borrowers well off
The finances of households in Singapore are generally in
such good shape that even those
who over-borrowed are unlikely to default on their loans even if
interest rates rise, said Lawrence
Wong, a director on the board of the Monetary Authority of Singapore (MAS).
In Parliament last week, Wong reiterated that only five to 10
percent of mortgage borrowers in the country have a Total Debt
Servicing Ratio (TDSR) of more than 60 percent of their monthly
income.