OCBC and HSBC do well in Singapore mortgage market
(Singapore) - OCBC Bank and HSBC are two standout performers in the market for new mortgages in Singapore, according to data compiled by legal firm William Lai & Alan Wong.
According to caveats lodged with the Singapore Land Authority, and collated by the lawyers, OCBC booked 3276 new home loans in the period from January to September 15 - the most new loans booked by any bank and almost 25 percent of the total.
Next came UOB, followed by StanChart, DBS and HSBC.
The HSBC performance was noteworthy in that it is building its mortgage business from a low base and almost outperformed Government-controlled DBS, which despite having the island state's biggest loan book is falling behind in winning new business.
HSBC totalled 1083 new loans since the beginning of the year, compared to 1103 for DBS.
Next came UOB, followed by StanChart, DBS and HSBC.
The HSBC performance was noteworthy in that it is building its mortgage business from a low base and almost outperformed Government-controlled DBS, which despite having the island state's biggest loan book is falling behind in winning new business.
HSBC totalled 1083 new loans since the beginning of the year, compared to 1103 for DBS.
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