Wide-ranging legislation would reduce regulations for homebuilders while giving local governments incentives to streamline the building process.

About 20% of borrowers have mortgages with a rate over 6%.

Mortgage demand dropped sharply last week, even though interest rates moved slightly lower. The culprit was likely winter storm Fern.

While a building boom is good for the economy, it presents challenges, with construction costs in Singapore consistently ranked among the highest in the world.

Investor interest in the multifamily housing sector is strengthening even as rental demand falls back.