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Sub-1% mortgages draw well-heeled borrowers

Promotional floating rate from Citi is for wealthy clients who take home loan of at least S$800,000; banks keen on loans with stable assets as interest rates plunge to record lows

Published Sun, Nov 8, 2020 · 09:50 PM

Singapore mortgages

Singapore

BUYING a private home just got cheaper with a promotional rate of sub-1 per cent offered by Citibank.

The market has been abuzz in recent weeks about an aggressive home loan promotion by the US bank, which is for affluent clients who take a home loan of at least S$800,000.