SINGAPORE – Local lenders UOB and DBS are temporarily ceasing their fixed-rate home loans while they review the interest rates on these packages, after yet another big hike from the US Federal Reserve. A UOB spokesman told The Straits Times that the bank will be ceasing the existing two-year and three-year fixed rate packages for […]
SINGAPORE – Interest rates for fixed deposits are moving up and are now at the same or even higher than pre-Covid-19 levels amid an increasingly competitive market for lenders. UOB and Hong Leong Finance are the latest to lift rates. UOB is increasing promotional rates for its Singapore dollar fixed deposits from Thursday with a […]
SINGAPORE – Singapore drew $6.3 billion of fixed asset investments in the second quarter of 2022, as the country continues to pull in investments amid a challenging global environment. The Republic also attracted $2.1 billion of total business expenditure (TBE) for the April to June period, the Ministry of Trade and Industry (MTI) said in […]
SINGAPORE – Home loan rates in Singapore have gone past 3 per cent to a new high with the latest move by UOB, Singapore’s third-largest lender. The previous high was 2.88 per cent in mid-2019. UOB on Wednesday night (June 29) raised the rate on its three-year fixed rate package to 3.08 per cent per […]
SINGAPORE – Some home owners who had taken up floating rate loan packages may face a reality check as mortgage rates threaten to go through the roof. Experts note that they could encounter issues switching to a fixed-rate package, with some banks such as Maybank and Standard Chartered axing such offerings in recent months. DBS, […]
SINGAPORE – Singapore’s largest lender DBS has raised the rates on all its home loan packages as of Tuesday night (June 28), according to checks by The Straits Times. The bank also scrapped its five-year fixed rate package for HDB homeowners, which used to offer loans at 2.05 per cent. The move comes after its peers […]