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Singapore interest rate jump to weigh on property prices

It may also raise mortgage costs; Mizuho says home prices could fall a further 10% by mid-2016

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A sudden new-year jump in Singapore interest rates threatens to push up mortgage costs and steepen a slide in home prices.

Singapore

A SUDDEN new-year jump in Singapore interest rates threatens to push up mortgage costs and steepen a slide in home prices.

The three-month Singapore interbank offered rate (Sibor), against which most home loans are benchmarked,