Changes to mortgage rules positive for Singapore MBS market

Unexpected change governing the right of private lenders or the CPF to first claim over mortgaged properties in Lion City paves way for MBS market to emerge.

Rob Davies

July 25, 2002

In a move that has caught almost everyone by surprise, the Singaporean government has announced that from September 1 private lenders will have first claim on mortgage properties that are partially financed using money borrowed from the Central Provident Fund (CPF), the country's public pension entity.

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