MAS says local household finances have remained stable despite rising debt Singapore News

SINGAPORE: The Monetary Authority of Singapore has revealed in its latest Financial Stability Review that local households have experienced significant financial growth despite an increase in overall

debt levels over the past year.

Housing loans accounted for three-quarters of total household debt, reflecting the continued significance of property financing within household financial commitments. Despite this, the MAS noted that Singaporean households remain in a strong financial position, with liquid assets such as cash and deposits exceeding total liabilities.

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