MAS Warns Singapore Homebuyers of Expected Interest Rate Hike

MAS Warns Singapore Homebuyers of Expected Interest Rate Hike
View of Singapore’s HDB blocks taken from Mount Faber on July 21, 2021. Tony Soh/The Epoch Times
Updated:
Homebuyers should “exercise prudence” in taking out new mortgages as interest rates are expected to increase, the Monetary Authority of Singapore (MAS) said in its Financial Stability Review released on Dec. 6, 2021.

It also advised against undertaking new loan commitments for highly leveraged households.