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Rates gaming on mortgage relief in Singapore set to unwind

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Published Wed, Nov 11, 2020 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    ON THE surface of it, having S$29 billion or about 15 per cent of outstanding mortgages in Singapore at end-August under deferred payments, should ring some alarm bells.

    But that headline figure masks some rates-arbitrage that has been taking place.

    This is very likely in the regulators' careful supervision, as they introduced income impact as a qualifying term for mortgage moratoriums from this month.

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    Singapore banksSingapore mortgagesMonetary Authority of SingaporeHock Lock Siew

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