Average interest rate on new mortgage loans granted reached 2.98% in 2013 in Singapore, according to the National Statistical Office. This is 23.2% less than in the previous year.
Historically, average interest rate on new mortgage loans granted in Singapore reached an all time high of 11.4% in 1983 and an all time low of 2.98% in 2013.
Singapore has been ranked 23rd within the group of 30 countries we follow in terms of average interest rate on new mortgage loans granted.
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