http://statestimesreview.com/2015/09/14/singapore-government-increase-mortgage-rate-to-7-year-high/
Singapore Government increase mortgage rate to 7 year
high
Barely a week after getting a strong mandate in the recent general
election, the Singapore Government raised mortgage rate to 7 year
high through the Association of Banks in Singapore (ABS). The key
interest rate known as Singapore Inter-bank Offered Rate (SIBOR)
was raised to 1.13100 for its 3-month rate.
Singapore property owners will pay higher mortgage loan
repayment and is expected to pay more in the future as the
Singapore Government will likely increase SIBOR further to match
US’s much-speculated rising rate.