03-07-2013, 10:11 AM
Stanchart reported that Singapore household leverage is 75% of GDP, doubling from 38% in 2000.
http://www.businesstimes.com.sg/premium/...s-20130703
http://www.businesstimes.com.sg/premium/...s-20130703
(30-06-2013, 08:12 PM)Behappyalways Wrote: [ -> ]The MAS is expecting interest rates to go up significantly and fast....They are trying to minimise the negative effect when the day comes......how rising interest rates going to affect the economy, the property players, the average households, the banks, the stock market and etc.......
(28-06-2013, 09:14 PM)nsengkia Wrote: [ -> ]I think the more important modification is in the 3.5% interest on which the 60% is based. Also reading between the lines, the 60% is only a start and will be lowered gradually.
The other part of the announcement that imposes the rule where guarantors have to be co borrowers effectively closes the "buy second property under family member name" loop-hole. All in, noose appears to be tightening around those who borrow excessively.
(04-07-2013, 09:24 PM)Behappyalways Wrote: [ -> ]Does Government Expect Turbulence in Singapore Property?
http://www.tremeritus.com/2013/07/04/doe...-property/
(30-06-2013, 08:12 PM)Behappyalways Wrote: [ -> ]The MAS is expecting interest rates to go up significantly and fast....They are trying to minimise the negative effect when the day comes......how rising interest rates going to affect the economy, the property players, the average households, the banks, the stock market and etc.......
(28-06-2013, 09:14 PM)nsengkia Wrote: [ -> ]I think the more important modification is in the 3.5% interest on which the 60% is based. Also reading between the lines, the 60% is only a start and will be lowered gradually.
The other part of the announcement that imposes the rule where guarantors have to be co borrowers effectively closes the "buy second property under family member name" loop-hole. All in, noose appears to be tightening around those who borrow excessively.