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Rates gaming on mortgage relief in Singapore set to unwind

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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.

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...

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