atans1

Mortgagors may get double whammy?

In Economy, Property on 29/09/2011 at 2:00 pm

Looks like MAS is right to focus on weakening S$ Double dip here we come.

So morgagors may face rising interest rates (interbank rates rise to attract S$ deposits) and a recession (no jobs). True rate rises may be moderate but it all depends on how prudent “homeowners” have been in their budgeting.

I hear that advertising and marketing people are being axed as of this morning.

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  1. Yawnz …. boring ….. Wait until STI below 1200 then talk lah… Shiok, SG will be less crowded then. Good for retired people.

  2. really? got retrenchment already? oh dear, will property price drop then??

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