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SINGAPORE, April 6 (Bloomberg): Singapore’s government is warning home buyers to think carefully about purchasing properties as interest rates increase in tandem with those in the US, potentially boosting debt servicing costs.
The risk of rising interest rates is a reminder that everyone should continue to exercise caution in their property purchase decisions,” Monetary Authority of Singapore Chairman and Senior Minister Tharman Shanmugaratnam said.
He was speaking in response to a parliamentary question on Monday on the impact of rapidly rising US long-term rates on the city-state.
Rising rates in the US should be seen in the context of a strong economic recovery there, which will add some momentum to Singapore’s own rebound, Tharman said. ....

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