Singapore banks raise interest rates on loans for HDB flats

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.

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