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Singapore's hot-again housing market paying dividends for DBS

Bloomberg
Bloomberg • 2 min read
Singapore's hot-again housing market paying dividends for DBS
(July 30): Singapore’s newly buoyant housing market is proving a boon for its biggest bank.
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(July 30): Singapore’s newly buoyant housing market is proving a boon for its biggest bank.

DBS Group Holdings nominated mortgage lending as a bright spot when releasing second-quarter earnings on Monday.

Chief Executive Officer Piyush Gupta said that after three quarters of subdued growth – ushered in by housing curbs introduced in July last year – “we’ve seen the bookings come back up.”

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