Property sector accounts for 51% of Singapore banks' loans

Xinhua, 16 Dec 2010SINGAPORE, Dec. 16 (Xinhua) -- Singapore banks' exposure to the property sector has doubled from 24 percent of total loans in 1991 to 51 percent as at September 2010, but banks in Singapore face low risks of default.In a report released by IIFL Securities Research -- a unit of financial services company India Infoline Group -- noted that Singapore banks' property exposure was