Linked outcomes

Event

MAS caps financial-institution residential loan tenures at 35 years and tightens LTV limits

Announced 5 October 2012 · Effective 6 October 2012 · Macroprudential

Comparison anchored to effective date: 6 October 2012.

Before and after figures are the 180-day windows of the before and after view, not each outcome record's own window. A link here is an association the archive records; it is not a finding that the event produced the outcome.

In brief

2 outcome records are linked to this event: 0 with computable series, 1 citing a series whose aggregation type is unresolved, 0 observed without a series, and 1 unresolved.
Prices accelerated in the quarter that followed cites URA Private Residential Property Price Index, all residential properties, level (1Q2009 = 100); the aggregation type is unresolved, so Prevo does not compute a before and after comparison.
2 of 2 outcome records name no source, and none has a source document attached.
2 further series are observed around this event through its category mapping, not through an outcome record.

Linked outcomes (2)

Directly referenced: an outcome record on this event. Listed computable first, then not computable, then observed in words, then unresolved; not ranked.

Outcome record 1

Prices accelerated in the quarter that followed

Not computable

Outcome link exists, but this metric cannot yet be safely aggregated because its series type is unresolved. (DQ-OUT-002)

Observation state: Observed
Value basis: Calculated from published series
Outcome window: Q4 2012 · calendar · anchored to the effective date
Temporal relationship: Spans the event. Window "Q4 2012" read as 1 October 2012 to 31 December 2012, against the effective date 6 October 2012. No dated window is stored; the dates are read from the label.

HDB Resale Price Index

INDEX · Computable

180 days before

143.1

Q3 2012 · 92/180 days

180 days after

148.6

Q1 2013 · 90/180 days

Observed change

+5.5

+3.8%

Qualified: whole periods cover 92/180 days before and 90/180 days after. Days outside a whole period are not counted and are not treated as zero.

URA Private Residential Property Price Index, all residential properties, level (1Q2009 = 100)

Series type unresolved · Not computable

Outcome link exists, but this metric cannot yet be safely aggregated because its series type is unresolved.

Primary source cited for HDB Resale Price Index: Housing & Development BoardPrimary source cited for URA Private Residential Property Price Index, all residential properties, level (1Q2009 = 100): Urban Redevelopment AuthorityDerived observationEvidence incomplete

Gap: Evidence record exists, but no source is named on it.

Why is this linked?

Policy event
MAS caps financial-institution residential loan tenures at 35 years and tightens LTV limits
Announced 5 October 2012, effective 6 October 2012
Outcome record
Outcome record 1: Prices accelerated in the quarter that followed
Calendar window "Q4 2012", anchored to the effective date
Metric
HDB Resale Price Index
Series type: INDEX
Observed series
Observed series, value in the latest whole quarterly period inside each 180-day window
Before: Q3 2012. After: Q1 2013.
Source
Housing & Development Board
Primary source
Metric
URA Private Residential Property Price Index, all residential properties, level (1Q2009 = 100)
Series type: unresolved
Observed series
Series held, not aggregated: series type unresolved
Source
Urban Redevelopment Authority
Primary source

As recorded on the outcome

The private residential Property Price Index rose 1.8% in Q4 2012, the fastest quarterly pace of the year, and the HDB Resale Price Index rose 2.5%.

Record identifiers

event evt_sg_2012_tenure_oct · outcome 0c000000-0000-4000-8000-000000001101 · metrics bd89e9e1-83d4-4cb1-a341-40896143b8d8, 3e000000-0000-4000-8000-000000000901

Outcome record 2

Long-tenure lending share

Unresolved

Registered before it could be observed: no observation is recorded.

Observation state: Registered before it could be observed
Value basis: Not derived: no value recorded yet · Not derived · origin: Unresolved
Outcome window: 2013 onward · calendar · anchored to the effective date
Temporal relationship: Window recorded as "2013 onward" (calendar), anchored to the effective date 6 October 2012. No dated window is stored and the label gives no dates, so it is not placed.

Source document not attachedEvidence incomplete

Gap: Evidence record exists, but no source is named on it.

Why is this linked?

Policy event
MAS caps financial-institution residential loan tenures at 35 years and tightens LTV limits
Announced 5 October 2012, effective 6 October 2012
Outcome record
Outcome record 2: Long-tenure lending share
Calendar window "2013 onward", anchored to the effective date
Source
No source named

Record identifiers

event evt_sg_2012_tenure_oct · outcome 0c000000-0000-4000-8000-000000001102

Associated indicators (2)

Observed around the selected event: a series mapped to this kind of event, cited by no outcome record.

Private Residential Property Price Index, All Residential

Observed

Observed around the event; no outcome record cites this series.

Temporal relationship: Before: Q3 2012, observed before the event. After: Q1 2013, beginning on or after the event. A period that spans 6 October 2012 counts on neither side.

Private Residential Property Price Index, All Residential

INDEX · Computable

180 days before

148.8

Q3 2012 · 92/180 days

180 days after

152.4

Q1 2013 · 90/180 days

Observed change

+3.6

+2.4%

Qualified: whole periods cover 92/180 days before and 90/180 days after. Days outside a whole period are not counted and are not treated as zero.

Primary source cited: Urban Redevelopment Authority

Why is this linked?

Policy event
MAS caps financial-institution residential loan tenures at 35 years and tightens LTV limits
Announced 5 October 2012, effective 6 October 2012
Category mapping
Series mapped to macroprudential events
No outcome record cites it
Metric
Private Residential Property Price Index, All Residential
Series type: INDEX
Observed series
Observed series, value in the latest whole quarterly period inside each 180-day window
Before: Q3 2012. After: Q1 2013.
Source
Urban Redevelopment Authority
Primary source

Record identifiers

event evt_sg_2012_tenure_oct · metrics 7cbef7bc-b216-48c3-851c-91b71553b792

Singapore private residential transactions, all types of sale

Observed

Observed around the event; no outcome record cites this series.

Temporal relationship: Before: Q3 2012, observed before the event. After: Q1 2013, beginning on or after the event. A period that spans 6 October 2012 counts on neither side.

Singapore private residential transactions, all types of sale

FLOW · Computable

180 days before

10,274

Q3 2012 · 92/180 days

180 days after

7,811

Q1 2013 · 90/180 days

Observed change

-2,463

-24%

Qualified: whole periods cover 92/180 days before and 90/180 days after. Days outside a whole period are not counted and are not treated as zero. The two totals span different numbers of days.

Primary source cited: Urban Redevelopment Authority

Why is this linked?

Policy event
MAS caps financial-institution residential loan tenures at 35 years and tightens LTV limits
Announced 5 October 2012, effective 6 October 2012
Category mapping
Series mapped to macroprudential events
No outcome record cites it
Metric
Singapore private residential transactions, all types of sale
Series type: FLOW
Observed series
Observed series, total over whole quarterly periods inside each 180-day window
Before: Q3 2012. After: Q1 2013.
Source
Urban Redevelopment Authority
Primary source

Record identifiers

event evt_sg_2012_tenure_oct · metrics 56dfd10a-d6b9-41a7-b183-7d2b09301f89