SINGAPORE -- Property firms in Singapore with moneylending arms that do a roaring business are now putting the brakes on their ventures.Their activities came under the spotlight last Tuesday when Minister of National Development Mah Bow Tan said in Parliament that his ministry is drafting measures to stop moneylenders from exploiting cash-strapped flat sellers.
Property agency owners and moneylenders told The Straits Times there are about 10 realty firms that hold moneylending licenses and operate credit arms along with their property businesses. Full Story
