I wonder how can get access to some of these bonds, they looking very attractive indeed - 6.5 percent yield, if euro crashed would spain then cease to exist
I wonder ireland the most indebted of all the pigs nations ireland how much is their yield 10%? I think at most they will brew more whisky Guinness stout and sell their way out of debt
things would only be very hard when our local bank housing loan rates shoot up to 10% or higher & stay above 10% for more than 6 months. Otherwise, majority housing loan borrowers should survive the coming crisis.
Gentleman,
Pls be updated on the current quarterly revised Housing Loan that I am paying:
Interest rate = Reducing Rate for 3 yrs + SOR
1st yr = 0.9% + SOR
2nd yr = 0.7% + SOR
3rd yr & thereafter= 0.7% + SOR
But SOR is not fixed...careful
Nov'11 : 0.9% + 0.38869% = 1.2889%
Feb'12 : 0.9% + 0.4004% = 1.3004%
May'12 : 0.9% + 0.4133% = 1.3133%
see, SOR inching up very slowly.
(07-06-2012, 06:15 PM)koh_52 Wrote: [ -> ]Gentleman,
Pls be updated on the current quarterly revised Housing Loan that I am paying:
Interest rate = Reducing Rate for 3 yrs + SOR
1st yr = 0.9% + SOR
2nd yr = 0.7% + SOR
3rd yr & thereafter= 0.7% + SOR
But SOR is not fixed...careful
Nov'11 : 0.9% + 0.38869% = 1.2889%
Feb'12 : 0.9% + 0.4004% = 1.3004%
May'12 : 0.9% + 0.4133% = 1.3133%
see, SOR inching up very slowly.
Koh-san
And so is interest rate on bank deposits.
Perhaps not visible on small quantum cash deposits but for FDs and larger amt, >$200,000, the interest rate are rising for this year.
Its like banks are anticipating something, thus int rate is creeping up as well.
Cheers
arthur san,
Think loan interest rate will stay flat till 2014.
Btw, China has today announce cut interest rate by 25 basis pts, they are trying to shore up their creeping economy.
FYI, highest FD in town is an Indian bank infront ORQ, bank name ICIC giving 1.2% for above 50k.
CIMB only paying me 0.8%....
how, of late purchase any ppty? ....me doing nothing, no sell / no buy.
(07-06-2012, 09:19 PM)koh_52 Wrote: [ -> ]arthur san,
Think loan interest rate will stay flat till 2014.
Btw, China has today announce cut interest rate by 25 basis pts, they are trying to shore up their creeping economy.
FYI, highest FD in town is an Indian bank infront ORQ, bank name ICIC giving 1.2% for above 50k.
CIMB only paying me 0.8%....
how, of late purchase any ppty? ....me doing nothing, no sell / no buy.
Koh-san
Haha. You put inside ICIC of FD $60,000 lor.
FDIC gaurantee you $50k only.
You can try OCBC Premier/Private or UOB Privilege/Private.
Their FD is now offering me 1% and cash deposits up to 0.95%.
Both are top ten world safest banks so should be ok.
Dun go for DBS, service sucks.. big time. Maybe you can look at Citigold or HSBC. Their offerings look not bad but mainly I look at stability of banks as well as opportunities to leverage on banks opportunities around the world. Some of them do have first cut in overseas properties.
Properties hur?
I go in T-shirt and bermudas, the agents abit bo hiew me. Dun knw its my age or my dressing or both? Sure you also notice the huge crowd coming back at several residential prop launches right?
Was looking ard industrial props, was told by agent that industrial props can be sold and build up as commerical. He is right as many are doing this, but then few days later Khaw announced clamming down on such activities. Dun knw latest situation.
But frankly, I am more interested in overseas properties esp London props. Currency leveraging as well as simple valuation. Think those near Canary Wharf are worth to take a look. Then few weeks ago, read an article that some London props post up nice address but in reality, situating at further location due to the very long stretch of road. Caveat Emptor as usual.
Anyway, I am someone who smell excitment in the air and turn the other way to look at those "cold stuffs". So nope.. same as you, look see look see. No blood on the street, no buy.
Got lobang must intro hor.. I sure will blanja you kopi and makan.
during 1998 Asia Financial Crisis, our housing loan rates ever shoot up above 10%, my colleague was one of the victims, lucky he was still having a salaried job then. Those were the dark days, he told me of the high housing loan rates then.
(08-06-2012, 04:20 PM)old friend Wrote: [ -> ]during 1998 Asia Financial Crisis, our housing loan rates ever shoot up above 10%, my colleague was one of the victims, lucky he was still having a salaried job then. Those were the dark days, he told me of the high housing loan rates then.
I think we are unlikely to see such high rates for quite some time. The crisis is now in the Euro area, not Asia.
But if such a scenario were to play out, then yes a lot of people will be hit.
Today I just met up with 2 friends. One just bought a Queenstown Resale 4-Room HDB flat for $7xx,xxx (COV was $62,000). Another owns a condo and is thinking of buying another at $1.1 million as investment property. Somehow, people are still gearing up though prices are so exorbitant.