HDB buyers should expect higher interest rates on bank loans for their flats

1 month ago 33

SINGAPORE - Home buyers in Singapore can expect pricier mortgages as local banks have already begun to raise interest rates on loans for Housing Board (HDB) flats.

The move follows a 75-basis-point rate hike by the US Federal Reserve on June 16, which generally paves the way for lenders globally to follow suit.

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