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Household debt as a share of Singapore’s GDP already fell below the 70% mark.
The high-debt markets of Singapore and Malaysia are leading their Southeast Asian peers in the decline of the stock of household debt as a share of GDP over the years, according to HSBC.
More real estate news from Singapore
- Genting Singapore profits dipped 5% to $373.6m in H1
- Chart of the Day: Residential listings under mortgagee sales rocketed 97.8% in Q2
- Older HDB flats back in demand after CPF rule change
- APAC Realty Q2 net falls 57% on sharply lower brokerage income
- Steps to Take If You Need to Move Out Urgently
Other news and useful tips
- At what age can you buy a house in Singapore?
- Singapore private home prices unexpectedly rise to 5-year high in Q2
- Potential for retirement properties in Thailand
- Has Asia’s commercial property bull market peaked?
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