Will DBS' fixed-rate mortgage move be enough to keep its lead?
Some quarters think so, given that customers are looking for stability in this uncertain economic climate
Add BT as a preferred source
Singapore
SINGAPORE'S biggest mortgage player DBS is still not going down the well-trodden path of actively offering home loans linked to the Singapore interbank offered rate (Sibor) - though the fall in Sibor could lure customers away from its flagship product, which is tied to the bank's fixed deposit rates.
With that, DBS is counting on its fixed-rate home loans to draw customers or risk losing market share in the competitive mortgage market, where the bank holds the lion's share of home loans.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
US-China rivalry and the Kindleberger Trap: Why inaction – not escalation – is the biggest risk
Middle East-linked energy supply shocks put Asean Power Grid back in focus
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
