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.
TRENDING NOW
Not in education, employment or training: Why more Hong Kong youths are opting out of work
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Lamborghini-driving boss of Eminent Frog Porridge charged with S$3.8 million tax evasion, money laundering
Can Labubu and Pop Mart survive the future?
