Most households able to service mortgages even as interest rates pick up: Alvin Tan
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Singapore
MOST households in Singapore should still be able to service their mortgages as Singapore's domestic interest rates pick up along with global rates, said Minister of State for Trade and Industry Alvin Tan on Monday (Apr 4).
Studies conducted by the Monetary Authority of Singapore (MAS) also suggest that the median household mortgage servicing ratio will remain manageable even under scenarios of significantly higher interest rates or low incomes, said Tan, who is also a member of the MAS board, in Parliament.
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