According to todayonline.com, SIBOR rates hit a 7 years high in Singapore. Seems like new properties have to slash their prices even more to make up for the rise in SIBOR.
Cooling measures from the government are still in place for properties, but whether it will be lifted after a rising SIBOR rates is unknown. As for now, property companies with developments in Singapore could be hit the hardest from this.
Source : http://www.todayonline.com/singapore/homeowners-hit-sibor-rises-highest-seven-years
REITS are in the danger zone if interest rates continue to rise. It is now the best time to keep some cash and wait for something to happen.
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