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SINGAPORE – Home loan rates have shot past the 4 per cent mark after DBS Bank, OCBC Bank and UOB raised their fixed-rate packages on Tuesday (Nov 15). Of the three local banks, UOB now has the highest rates, with its two-year fixed-rate package at 4.5 per cent a year. DBS' fixed-rate packages are at 4.25 per cent a year...
SINGAPORE - Home loan rates in Singapore on Tuesday hit as high as 3.85 per cent, a level not reached in many years UOB fired the latest salvo in raising home loan rates, launching two-year fixed rate packages at 3.75 per cent per annum and three-year fixed packages at 3.85 per cent per annum. The rates are 0.77 percentage points...
The previous high for fixed-rate mortgages here was 2.88 per cent. Read more at straitstimes.com.
As real estate markets continue to recover in 2021, Asia-Pacific has been showing a faster recovery than other markets—and the reasons are interlinked. Here's why both local and international buyers alike are keen to purchase property in Singapore, Japan, New Zealand and Australia
Alvina Teh, business development director of Brand New Land, which specialises in bespoke landed homes, sees the affordability factor changing as a younger generation of self-made Singaporeans have been entering the landed property market. And their needs have become a lot more specific in keeping with the pandemic induced new norm. “Buyers used to compare landed home prices in terms of per square feet (PSF) for land area, now they look at landed home prices in terms of PSF for Built Area as a comparison benchmark, reflecting the value buyers are placing on liveable space,” adds Teh. An o...