why did SIBOR rate drop? i thought the Sibor is closely correlated to the US Fed funds rate, so any expectations of a hike there would move interest rates here higher. Slack demand for property, is this the reason?
take a look at this ST article in march, you will get what i mean!
http://www.straitstimes.com/news/business/economy/story/the-rise-fall-and-rise-again-sibor-20150312
take a look at this ST article in march, you will get what i mean!
http://www.straitstimes.com/news/business/economy/story/the-rise-fall-and-rise-again-sibor-20150312
Singapore is still ok as long as SIBOR stays below 2%