Finko

26/04/2023

ABSD increases to tamper resilient demand.

This is the third round of cooling measures since December 2021.

15/03/2023

Don't wait for your SIBOR home loan to be auto-converted. Consider proactively refinancing beforehand.

Prior to that, customers can switch their loans to the banks’ prevailing packages or to the Sibor-Sora conversion package. Read more at straitstimes.com.

29/09/2022

Increase of 0.5% to the TDSR and MSR computation as well as a lower LTV of 80% for HDB home loans with immediate effect!

Ministry of National Development

23/09/2022

It is a good idea to review your home loan and fix your rates if you would like to avoid volatility.

The banks continue to offer floating rate packages. Read more at straitstimes.com.

14/01/2022

https://www.reuters.com/business/singapores-uob-buy-citigroup-consumer-businesses-four-asian-countries-2022-01-14/

Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for about S$5 billion ($3.7 billion), bringing the U.S. bank closer to its goal of exiting retail operations in 13 markets.

15/12/2021

MND announced that the TDSR threshold will be tightened from 60% to 55%, among other measures that will be implemented with immediate effect.

Ministry of National Development

01/04/2021

Singapore banks to stop issuing Sibor-linked loans by September...

This is to further push the industry towards the Singapore Overnight Rate Average as the main interest rate benchmark.. Read more at straitstimes.com.

20/01/2021

Are new property cooling measures coming this year?

The govt is paying "close attention" to the local real estate market "to ensure that it remains stable", said DPM Heng on Monday.. Read more at straitstimes.com.

27/07/2020

We just updated the rates in the "Are Fixed Deposit Home Loans better than Sibor Home Loans?" article and it's interesting to see how the banks have (or have not) adjusted rates in response to SIBOR's plummet this year.

01/04/2020

Additional financial relief during this Covid-19 period.

https://www.ncss.gov.sg/thecouragefund

https://www.straitstimes.com/business/banking/covid-19-individuals-can-apply-to-defer-property-loan-insurance-premium-payments

16/03/2020

Is this a sign of things to come?

Global stock markets plunged Monday as investors were unnerved by drastic action from the US Federal Reserve to cushion the blow from coronavirus and as data showed the outbreak has caused an unprecedented economic collapse in China.

04/03/2020

US Federal Reserve cuts benchmark interest rate by 0.5%.

Markets had been widely expecting the U.S. central bank to take some type of action, with anticipation of a 50 basis point cut by the next Federal Open Market Committee meeting later this month.