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Singapore banks raise interest rates on loans for HDB flats
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HDB rates have been higher than what the banks have been offering of late, but this could change as bank rates go up.
ST PHOTO: KUA CHEE SIONG
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SINGAPORE - Home buyers in Singapore can expect pricier mortgages as local banks have already begun to raise interest rates on loans for Housing Board (HDB) flats.
The move follows a 75-basis-point rate hike by the US Federal Reserve on June 16, which generally paves the way for lenders globally to follow suit.
