Topic of Interest: #Citibank (10 Articles Found)

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Sub-1% mortgages draw well-heeled borrowers

Buying a private home just got cheaper with a promotional rate of sub-1 per cent offered by Citibank. The market has been abuzz in recent weeks about an aggressive home loan promotion by the US bank, which is…

Citi to open its largest wealth advisory hub in Orchard Road

Citi will open its largest wealth advisory hub in Orchard in Dec as it targets an increase of its market share in catering to the well-heeled. The hub, named Citi Wealth Hub at 268 Orchard, will occupy an…

Citibank Singapore to launch new wealth centre with big targets

Citibank Singapore plans to double its wealth mgmt business in terms of number of customers and market share from its current 5 per cent by 2025, said its top executive. Riding in part on this is the US…

Citibank Singapore closing MacDonald House branch as it plans new retail concept

Citibank Singapore will shut its 15-year old MacDonald House branch on Feb 28, with plans to open a new retail banking branch as part of its network rejig. Confirming the plans to BT, the US bank said it…

Newest Citibank “smart banking” branch opens at Punggol’s Waterway Point

Citibank opened the doors to its latest smart banking branch on Tues, at the Waterway Point shopping mall in Punggol. The 1,800 sqft branch has been designed to showcase the latest in retail banking technology, such as media…

Property prices might continue to drop even if cooling measures are lifted: report

Developers are hoping that home prices will rebound once property cooling measures are lifted, but analysts at Citi warn that extremely high leverage will continue to keep a lid on buyer demand in Singapore. Citi said that with…

Here’s solid proof that it’s still too early to relax property cooling measures

Property prices in Singapore have been declining for over two years, but analysts and policymakers argue that market cooling measures still cannot be lifted because housing costs remain too elevated. This chart from Citi shows that in past…

See the worrying collapse of construction demand in Singapore

Construction demand in Singapore dropped markedly in 2015, with the value of both public and private sector contracts booking negative year-on-year growth for the full year. According to Citi, public construction contracts were unable to cushion the overall…

Citigroup downplays property bubble in Singapore

Singapore’s S$203 billion ($160 billion) of mortgages amounted to 24.2 percent of the value of residential properties in the third quarter, according to Citigroup’s analysis of government data. The lender, the biggest employer among foreign banks on the…

Loan curbs make homes 30% less affordable: Citi

The latest measures to ensure prudent borrowing have made residential properties less affordable for investors, said Citi in a recent report. Someone making a second purchase will only be able to afford a property that is 30 per…

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