SMEs & Property Speculators having difficulties paying their bank loans, many HDBs up by $100K in a year

[Byebye Penis]

In recent months, refinancing the SME bridging loans from Enterprise Singapore cost a lot more more. To make matters worse, float-rate commercial property loans cost 5%pa or more now. It was just 2.0-2.5%pa a year ago.

Property speculators are also facing 4%pa residential property loans now, it was just 1.5%pa a year ago. However this group is luckier as they can easily get out of the situation, as most are sitting on a respectable profit for their properties or enjoying higher rental income.

Many HDBs also up $100K in the past one year, thanks to the 2.6% HDB loan and no thanks for the numerous PRs that ICA granted.

 

[Byebye Penis]

Latest 6-mth T-Bills cut-off yield at 4.4%pa

 

[Byebye Penis]

SINGAPORE – The interest rate for the latest auction of Treasury bills (T-bills) is at a 30-year high, but demand for the government-backed product appears to be waning amid better deals on offer at the banks.

https://www.straitstimes.com/busine...d-of-44-up-on-the-previous-high-of-419-in-oct

CIMB now paying interest upfront like T-bill. 12mths Fixed-Deposit at 4.05%pa.

 

[blackmondy]

Well somebody has to cover the losses in our SeePeeF investments from FTX and in Tiong-cock.....

 

[searcher1]

There was a time Property Agent actively advise people to sell their HDB
Buy 2 Condo, 1 for own stay, another for rental ... stretch out maximum loan
Yup ... maybe this CNY will be their last festival, many jumping down from their Condo soon

 

[winners]

Heng Ah, my 3 properties are totally loan free.

 

[blackmondy]

There was a time Property Agent actively advise people to sell their HDB
Buy 2 Condo, 1 for own stay, another for rental ... stretch out maximum loan
Yup ... maybe this CNY will be their last festival, many jumping down from their Condo soon

It's OK. At least the funeral industry will get to prosper.

 

[Hypocrite-The]

In recent months, refinancing the SME bridging loans from Enterprise Singapore cost a lot more more. To make matters worse, float-rate commercial property loans cost 5%pa or more now. It was just 2.0-2.5%pa a year ago.

Property speculators are also facing 4%pa residential property loans now, it was just 1.5%pa a year ago. However this group is luckier as they can easily get out of the situation, as most are sitting on a respectable profit for their properties or enjoying higher rental income.

Many HDBs also up $100K in the past one year, thanks to the 2.6% HDB loan and no thanks for the numerous PRs that ICA granted.

It's just means singkieland is doing well economically as interest rates are up n so are property prices

 

[Bad New Brown]

Buy so many properties for what, one house to stay is more than enough

 

[GUDANGARAM]

I know my cpf is being used to fund for cheap hdb loan

 

[GUDANGARAM]

Buy so many properties for what, one house to stay is more than enough

Ha nor, after all each person only needs 1 coffin after they die

 

[Bad New Brown]

I know my cpf is being used to fund for cheap hdb loan

You can use cash too

 

[blackmondy]

Buy so many properties for what, one house to stay is more than enough

Ever heard of flipping?

 

[Bad New Brown]

Ever heard of flipping?

Yes, for myself buying a house is to stay and not to receive the keys of new condo apartment with the intention to sell and make a profit of about 200K

 

[Byebye Penis]

2 in 5 home owners say they face difficulties in paying their home loans
https://www.straitstimes.com/busine...ifficulties-in-paying-their-home-loans-survey

 

[Byebye Penis]

Lower income families on bank loan can take up this temporary offer

Applications where average monthly income of all borrowers are S$2,500 and below
3Y 2.6%pa same as HDB loan
https://www.posb.com.sg/personal/promotion/hdbloanpromo