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Market View: Impact of rising rates and property cooling measures on mortgage demand in Singapore
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Market View: Impact of property cooling measures on Singapore banks, rate hikes on Asian banks, performance of digital vs. traditional banks in South Korea
Credit markets and the performance of banks in Asia are on our list today after recent jumbo rate hikes by the US Federal Reserve rattled markets and hurt demand for homes and mortgages.
Just look at Hong Kong - the city’s home prices, for one, fell 2.3% in August from a month ago, the lowest in over three years.
In Singapore, major banks such as UOB and DBS Bank have temporarily ceased their fixed rate home loans for now to review their rates. Plus - cooling measures announced by the local government last night.
On Market View, Prime Time's Finance Presenter spoke with Rena Kwok, Credit Analyst at Bloomberg Intelligence, as they unpack how recent developments would weigh on mortage demand and bank performance in Asia.
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Mailing Address: SPH Radio Pte Ltd 1000 Toa Payoh North News Centre Singapore, Singapore: 318994
Credit markets and the performance of banks in Asia are on our list today after recent jumbo rate hikes by the US Federal Reserve rattled markets and hurt demand for homes and mortgages.
Just look at Hong Kong - the city’s home prices, for one, fell 2.3% in August from a month ago, the lowest in over three years.
In Singapore, major banks such as UOB and DBS Bank have temporarily ceased their fixed rate home loans for now to review their rates. Plus - cooling measures announced by the local government last night.
On Market View, Prime Time's Finance Presenter spoke with Rena Kwok, Credit Analyst at Bloomberg Intelligence, as they unpack how recent developments would weigh on mortage demand and bank performance in Asia.
--
Connect with Us!
Facebook: MONEY FM 89.3
Instagram: @moneyfm893
Twitter: @moneyfm903
LinkedIn: MONEY FM 89.3
--
Contact us:
MONEY FM 89.3 Headquarters: +65 6319 1900
Live Studio: +65 6691 1893
SMS/WhatsApp MONEY FM 89.3: +65 8855 0893
Mailing Address: SPH Radio Pte Ltd 1000 Toa Payoh North News Centre Singapore, Singapore: 318994