Asked by Concerned
Hi everyone,
I am concerned about the possibility of China raising interest rates. In your opinion, will this possibly happen in Singapore ? Innocent bystanders and genuine homemakers can be hurt if the mortgage they have in place digs deep into their pockets every month. Will property prices go down significantly and bring back the nightmares of late 1990's with some expensive properties losing 30 to 50 % value in just a few years ? In my opinion, 2nd property investors should be protected since all they want is a decent passive income to help them in their retirement years. Not everybody is employable. It can be a nightmare for some if banks come calling to top up on falling values which I sincerely hope this Government will prevent in the light of their pursuit of speculative actions.
I am concerned about the possibility of China raising interest rates. In your opinion, will this possibly happen in Singapore ? Innocent bystanders and genuine homemakers can be hurt if the mortgage they have in place digs deep into their pockets every month. Will property prices go down significantly and bring back the nightmares of late 1990's with some expensive properties losing 30 to 50 % value in just a few years ? In my opinion, 2nd property investors should be protected since all they want is a decent passive income to help them in their retirement years. Not everybody is employable. It can be a nightmare for some if banks come calling to top up on falling values which I sincerely hope this Government will prevent in the light of their pursuit of speculative actions.
1006 views
