The increase in interest rate really hurts......

[elmohootbigbird]

Congrata. Must be super song

lucky lo. feels quite shiok. i was previously with hdb n fomo durinng low interest for quite a few yrs before moving over.

 

[ahnyaahnya]

if cpf interest is half of banks FD will you be happy to surrender the 20% every month? will ppl start to not wanna voluntary contribute to CPF annually anymore? for the tax reliefs.

what of cpf is consistently lower than fd by just 0.1-0.5 percent?

CPF interest rate is not fixed.
If interest rates go above CPF interest rate , CPF's rate will rise too.

 

[jericho75]

Seems like sinkies used to cheap money liao. Interest rates even 4% is not considered high.

 

[Desmond_]

interesting

 

[jericho75]

Generally, paying 100k more across 20 years is very manageable in most Singaporean property owners. TDSR is implemented to ensure people's debt servicing doesn't exceed their income by 55% .

property prices will not drop too much if the interest rates continue to rise. There's already so many cooling measures in place, gov can relax a bit in any of those measures to support property prices. Singapore property prices will never crash...

If interest rates rises more and more, the first to be hit is Corporate companies cos their debt interest payment will rise. Their loans are in tens of millions. Companies may have to cut costs due to slower economy and higher cost of funding, resulting in many job losses.

Pls don't hope for more interest rates rises, gloating on property owners higher interest payments, hoping for property price crashes.... cos the first to be impacted is all of our job security including parents job security...

Rates goes up will have recession. If no money printing this will be serious.

 

[gld998]

CPF interest rate is not fixed.
If interest rates go above CPF interest rate , CPF's rate will rise too.

Please share where its written its not fixed.

 

[ahnyaahnya]

Please share where its written its not fixed.

It was in the news many years ago.

 

[gld998]

It was in the news many years ago.

The interest rate for HDB loans is always fixed at 0.1% above the prevailing CPF rate. With the current CPF rate at 2.5%, the interest rate for HDB loans is 2.6% per annum

You are semi correct.

 

[MiG123]

Heng in SG the property price will never go down to trigger margin calls

 

[ahnyaahnya]

Please share where its written its not fixed.

Go to the CPF website.
It shows the "interest rates FOR 1st April to 30 June 2022 ".
If it's a fixed rate it wouldn't state "for 1 April to 30 June 2022".

 

[gld998]

Heng in SG the property price will never go down to trigger margin calls

Heng I am not on margin

 

[MiG123]

Heng I am not on margin

Anyone who takes out a loan to buy an asset is on margin

 

[ahnyaahnya]

The interest rate for HDB loans is always fixed at 0.1% above the prevailing CPF rate. With the current CPF rate at 2.5%, the interest rate for HDB loans is 2.6% per annum

You are semi correct.

I am 100% correct.
CPF interest rates are not fixed , and will increase if interest rates go above 2.5 %

 

[gld998]

I am 100% correct.
CPF interest rates are not fixed , and will increase if interest rates go above 2.5 %

have u ever seen cpf go above 2.5%? You tell half of the whole statement.

 

[gld998]

Anyone who takes out a loan to buy an asset is on margin

I own 4 properties, 3 properties fully paid, so I am on margin then.

 

[Wwiiii]

IN 2020/21 Financial Statement, did not HDB make a loss of $358M in sales?

coz govt charge hdb market rate for land sales.

 

[SBC]

Double Whammy!
.
When loan interest rate is high high
Property will not be popular and
Seller no buyer
So property price will drop.

Such event is to remove the weak players.
What will be left after this correction will be left with stronger players.

 

[Wwiiii]

I own 4 properties, 3 properties fully paid, so I am on margin then.

that one property is on margin correct what. you got 1 house, 4 house or 100 houses. even if 99 houses fully paid, the last one havent paid finish is still on margin what.

 

[gld998]

that one property is on margin correct what. you got 1 house, 4 house or 100 houses. even if 99 houses fully paid, the last one havent paid finish is still on margin what.

which part in my statement that I am not margin. I smell some ppl jelly oh well..

 

[disavowed]

luckily I signed 5 years fixed 2% last year. loan amount was 200k, so that was the only deal.

200K loan to do what?