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【CNBC】Singapore’s mortgage costs are rising — but some buyers are shrugging off higher rates

【CNBC】Singapore’s mortgage costs are rising — but some buyers are shrugging off higher rates

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  • Rising rates are unlikely to have a major impact on Singapore’s property market, analysts say. That’s because of wealthy buyers, strong rental demand and foreigners moving to Singapore.
  • Fixed home loan rates from Singapore’s major banks have climbed as high as 3.85%, according to local media reports.
  • But in wealth-backed markets, “your interest rate doesn’t move the needle, because these people in the first place don’t even rely on borrowing to fund these homes,” said Christine Li, head of Asia-Pacific research at Knight Frank.

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