Corrections and clarification

IN "May sales of private condos double from preceding month's" (BT, June 17), we wrongly reported Sing Holdings as the developer of Singa Hills and Loft 33. Singa Hills is developed by Ecco Development and Loft 33, by Macly Equity. We are sorry for the errors.

For "DBS pegs mortgages to fixed deposit rates" (BT, June 17), we would like to clarify that the interest rate charged includes a premium. So, for Year 1 of the home loan, DBS charges a premium of 0.95 per cent, giving an effective rate of 1.35 per cent after factoring in the fixed deposit home rate (FHR) of 0.40 per cent. The premium for Year 2 and the years thereafter are 1.05 per cent and 1.25 per cent respectively. Thus, the effective rate in Year 2 and thereafter is 1.45 per cent and 1.65 per cent respectively.