boredom2012
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https://www.zaobao.com.sg/finance/singapore/story20260529-9119462
Personal loans and mortgages continue to increase, marking the 10th consecutive quarter of rising household debt in Singapore. Household debt grew by 8.2% year-on-year in the first quarter of this year, the highest level in nearly five years. Meanwhile, household asset growth has slowed, with debt growth exceeding asset growth for the second consecutive quarter.
Analysts point out that household debt may continue to climb in the short term due to housing demand and low interest rates. However, policymakers and lenders are expected to remain vigilant and attempt to curb debt growth should leverage ratios approach risk levels.
According to the latest household balance sheet data released by the Department of Statistics, Singaporean household net worth grew by 6.7% year-on-year in the first quarter, but this growth rate was lower than the 7.3% in the fourth quarter of last year and also lower than the over 8% level expected in the remaining quarters of 2025.
Personal loans and mortgages continue to increase, marking the 10th consecutive quarter of rising household debt in Singapore. Household debt grew by 8.2% year-on-year in the first quarter of this year, the highest level in nearly five years. Meanwhile, household asset growth has slowed, with debt growth exceeding asset growth for the second consecutive quarter.
Analysts point out that household debt may continue to climb in the short term due to housing demand and low interest rates. However, policymakers and lenders are expected to remain vigilant and attempt to curb debt growth should leverage ratios approach risk levels.
According to the latest household balance sheet data released by the Department of Statistics, Singaporean household net worth grew by 6.7% year-on-year in the first quarter, but this growth rate was lower than the 7.3% in the fourth quarter of last year and also lower than the over 8% level expected in the remaining quarters of 2025.
