Singapore mortgage rates are highly correlated to U.S.'s and mortgage rates in U.S. are creeping upwards.
Singapore's property market seems to be in a frenzy at the moment. So many people snapping up condos and landed property at sky-high prices.
So affordable ? or are buyers leveraged to the hilt ?
When mortgage rates chiong upwards, what happens then ?
Is the local property mkt propped up so that 'insiders' can unload on the naive and bluff-fXXks ?
Given the fiscal problems in Europe and U.S., can demand for China exports be sustained ?
Is China's economy so solid that it can self-sustained without these demands for its goods ?
Isn't the China economy right now running on it's property boom ? Sustainable or running on fumes ?
Interesting to see how things will unfold in the coming year.
Happy New Year !
Singapore's property market seems to be in a frenzy at the moment. So many people snapping up condos and landed property at sky-high prices.
So affordable ? or are buyers leveraged to the hilt ?
When mortgage rates chiong upwards, what happens then ?
Is the local property mkt propped up so that 'insiders' can unload on the naive and bluff-fXXks ?
Given the fiscal problems in Europe and U.S., can demand for China exports be sustained ?
Is China's economy so solid that it can self-sustained without these demands for its goods ?
Isn't the China economy right now running on it's property boom ? Sustainable or running on fumes ?
Interesting to see how things will unfold in the coming year.
Happy New Year !