Brisk condominium sale in Singapore during the weekend signals failure of latest loan restriction measure by MAS

Malaysia Star, 8 Oct 2012
Despite new restrictions on the length of home loans that took effect on Saturday, house hunters did not stay away from condominium showflats islandwide.
At new launches like Riversails along the Punggol waterfront and Cityscape at Farrer Park, showrooms were packed and agents said that business was brisk.
At a 748-unit development in Bedok South called eCO, for example, at least 20 units were sold on Saturday. The Monetary Authority of Singapore said on Friday that it was capping the length of a home loan at 35 years. Full story