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Rates gaming on mortgage relief in Singapore set to unwind
Published Wed, Nov 11, 2020 · 09:50 PM
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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