#sibor

Singapore Property Market: Alternatives To Residential Property Investment

Property investment in Singapore has long been touted as a sure-fire way to reap attractive returns due to the scarcity of land in the city-state and its status as a global financial hub. Much of this view has also been fuelled by an 83.7% surge in property prices over the last decade. However, this widely-held belief is being put to the test as the Singapore property market enters into a period…

Should you change your HDB loan to a bank loan?

There is no shortage of housing rules and regulations in Singapore. Understandably, the ins and outs of home loans can seem complicated and confusing, so we have put together a quick but essential guide to loans from the HDB and from banks, to help you decide if you should switch from former to the latter.

If you are a Singaporean who bought your first HDB flat 10 years ago, you would have taken…

Key benchmark rate rises to 6-year high

The 3-month Singapore interbank offered rate (SIBOR) on Friday rose to 0.973 percent – a level that has not been seen in six years after hitting 0.979 in 7 January 2009. This follows widespread expectations that the US Federal Reserve will raise benchmark interest rates by Q3 this year, and the continuing weakness of the Singapore dollar against the greenback.

SIBOR is a key interest rate at…

SINGAPORE: Homeowners servicing mortgages will need to tighten their purse strings further: The three-month Singapore interbank offered rate (SIBOR) on Wednesday (Mar 11) charged past 0.9 per cent — a level not seen since 2008 — amid widespread expectations that the United States Federal Reserve will raise benchmark borrowing costs by mid-year.

The local interest rate, widely used to price home loans here, closed at 0.87943 per cent Wednesday, figures published on the Association of Banks in Singapore website showed. SIBOR continued to rise on Thursday to above 0.9 per cent, banking sources said, doubling the level seen at the beginning of this year.

Analysts whom TODAY spoke to said SIBOR’s climb followed the weakening of the Singapore dollar against the greenback in January, but took on added momentum after a very strong February job market in the US raised the likelihood that the Fed will normalise interest rates come June.

SIBOR remains on the uptick

The Singapore Interbank Offered Rate (SIBOR) continues its steady upward movement touching 0.67863 percent Tuesday (3 February) last week and remained around the same level towards the end of the week, posting a rate of 0.67288 percent.

SIBOR is a key interest rate at which banks loan to one another and is a commonly-used measure in the cost of funds. The rate has been seen creeping up since the…

Singapore Rate Spike to Weigh on Property Prices

A sudden new-year jump in Singapore interest rates threatens to push up mortgage costs and steepen a slide in home prices.

The three-month Singapore interbank offered rate, against which most home loans are benchmarked, has risen 18 basis points to 0.6392 percent this year to the highest since April 2010, driven by a stronger U.S. dollar and new liquidity requirements for Singapore banks.

Short-t…