Singapore mortgages

Both fixed and floating-rate loan offerings are now higher across major banks in the city-state

This marks the 10th straight quarter in which household borrowing has picked up pace

After several years of rate volatility, many borrowers are placing greater emphasis on certainty

But the majority of customers continue to choose fixed-rate packages

Don’t raid the CPF account for a private home

Delayed effects of high rates in 2023 and 2024 have increased listings of distressed assets, as buying sentiment improves

Households’ financial assets grow 8% on the year

Foreign banks in Singapore have slashed their home loan rates to as low as 2.45%, lower than that offered by the local banks

BOC, Stanchart, Maybank offer rates of 2.45 to 2.5 per cent; fixed mortgage rates were around 3% at the start of this year, and up to 4.25% at the start of 2023