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Old 11th December 2017, 10:40 PM   #1
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Default Singapore residential or commercial property market: Prepare yourself for the upturn

The almost decade-long period of ultra-low rates of interest since the 2008 financial crisis was a crucial motorist of the durable recovery in the housing market. With the US economy charting a firm recovery, the Federal Get has started a tightening up cycle. Members expect the Fed funds rate to climb to 3 per cent by 2019, from one percent presently. Provided Singapore's choice of the currency exchange rate as its monetary plan tool, domestic rate of interest such as Sibor and SOR will certainly increase in lock-step. With greater rates in advance, demand from house customers will be adversely impacted.

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