Interest rate hikes looming mortgage delinquency will skyrocket.
In addition, Global recession is on the card forcing economy activities to slow down for next few years.
How those middle income family able to repay $1000000 average housing loans?
Banks could become real estates agents
World Bank slashes global growth forecast to 2.9%, warns of "stagflation" risk
READ:
https://str.sg/w6ma
Don't worry, MAS will force banks to freeze loan repayments.
(08-06-2022, 10:56 AM)Niubee Wrote: [ -> ]Still gotta pay later..
Smart boy
(08-06-2022, 10:40 AM)babygirl Wrote: [ -> ]
Worst is foreclosure
And fire sale
during stagflation
what can happen
to daily items
to stockmarket
to banking FD
(08-06-2022, 10:50 AM)mikotan Wrote: [ -> ]Don't worry, MAS will force banks to freeze loan repayments.
With record high property prices, someone will certainly gets burnt and burnt badly.
No escape
RBA raised interest rate in Australia by 0.5 percent and warned there will be another 0.5 increase in July. Many Aussies can’t tahan already, no money to pay monthly mortgage instalment
(08-06-2022, 12:31 PM)lvlrsSTI Wrote: [ -> ]RBA raised interest rate in Australia by 0.5 percent and earned another 0.5 increase in July.
And will continue raising till December
Everywhere is going in the same direction
(08-06-2022, 12:33 PM)Scythian Wrote: [ -> ]And will continue raising till December
Everywhere is going in the same direction
Very drastic move, it was expected only 0.4% increase…property market will be affected, housing price will drop.
..In Singapore
On record, property prices fallen from high yr 2000 to yr 2008 between 30% - 40% drop.
Sg Bank rate only just raised recently…
Take own sweet time.
Sg banks not scare of depleting liquidity.
Still keep giving out over price valuation report.
Dont be surprised, the strongest bank in Asia will be the first to suffer.
no wori all scripted
u think reali arr got monkeypox
dat they gave u
so oozed out of ur skins
cells also want to survive
u nonomeh?
![[Image: Screenshot-from-2022-06-08-12-38-12.png]](https://i.ibb.co/KXYcF79/Screenshot-from-2022-06-08-12-38-12.png)
meimei learnt the hard way
![[Image: Screenshot-from-2022-01-15-22-25-32.png]](https://i.ibb.co/prYPZ3J/Screenshot-from-2022-01-15-22-25-32.png)
bo tiaWay tak u out
just press del
![[Image: Screenshot-from-2022-06-08-12-43-01.png]](https://i.ibb.co/1ZFnXxt/Screenshot-from-2022-06-08-12-43-01.png)
(08-06-2022, 12:33 PM)Scythian Wrote: [ -> ]And will continue raising till December
Everywhere is going in the same direction
My friend from Indonesia sold their house in Blackburn recently right before the rate hike, very smart.
tualengkong did the sum.
singlon cannot
u need to reali arr the quadtrillions in derivatives plays
the first 2 shots 0.25 and 0.5
DAT he said 9% in relation to 1980 's Paul Volcker raised upto 20%
another 2 BaoKung of 0.5 % on the way easily +18%
![[Image: Screenshot-from-2022-06-08-12-53-07.png]](https://i.ibb.co/gmzMDgf/Screenshot-from-2022-06-08-12-53-07.png)
(08-06-2022, 12:33 PM)lvlrsSTI Wrote: [ -> ]Very drastic move, it was expected only 0.4% increase…property market will be affected, housing price will drop.
Purchasing power in property still strong.
Demand still more than supply.
Price still heading north.
Millionaire in Singapore is increasing annually.
Welcome more foreign investors.
(08-06-2022, 01:13 PM)Oasis Wrote: [ -> ]Purchasing power in property still strong.
Demand still more than supply.
Price still heading north.
Millionaire in Singapore is increasing annually.
Welcome more foreign investors.
alot of dirty money in properties
(08-06-2022, 01:13 PM)Oasis Wrote: [ -> ]Purchasing power in property still strong.
Demand still more than supply.
Price still heading north.
Millionaire in Singapore is increasing annually.
Welcome more foreign investors.
Although rate hike only affects these poor souls, it will pull down the property prices as a whole knowing the rate hike will continue every month for next 2 years.
There are restrictions for foreign investors, that is they are not allowed to buy existing properties that are mostly in prime locations near city centre. They can only buy newly built properties 20km away from CBD. I am talking about houses. Many Sporeans like to buy apartments in city centre, bad option! because the growth is slow, many investors lost money buying apartments. Only foreigners will buy apartments, later hard to sell, must sell to foreigners, who will buy 2nd hand? Aussies only buy houses nobody is interested in apartments.
(08-06-2022, 01:18 PM)Talent Wrote: [ -> ]alot of dirty money in properties
Banks including local banks were caught money laundering
(08-06-2022, 01:39 PM)Scythian Wrote: [ -> ]Banks including local banks were caught money laundering
Is your home loan fixed or variable?
..
In short 3 years, MAS was able to generate excess FX reserves and transferred S$ 75 Bil to GIC.
Previous to that, MAS transferred S$ 45 bil.
Amazingly effective.
(08-06-2022, 01:13 PM)Oasis Wrote: [ -> ]Purchasing power in property still strong.
Demand still more than supply.
Price still heading north.
Millionaire in Singapore is increasing annually.
Welcome more foreign investors.
Ranking Asian city of price per sq metre
"1. Hong Kong, Hong Kong 31,728.74 $
2. Seoul, South Korea 22,686.70 $
3. Singapore, Singapore 19,994.07 $
4. Beijing, China 19,852.03 $
5. Shanghai, China "
https://www.numbeo.com/cost-of-living/ci...2C%20China
..
A 20 years perfect storm to sweep thru Singapore
(09-06-2022, 06:28 PM)Scythian Wrote: [ -> ]..
A 20 years perfect storm to sweep thru Singapore
.
Major central banks around the world raised interest rates while CPF management kept interest @ 2.50,% unchanged.
Are they living in another planet?
(09-06-2022, 07:10 PM)babygirl Wrote: [ -> ]
World bank chief says global recession is inevitable and could be worse than 1970.