New: You can now listen to articles.Currently, the mortgage rates can be as high as above 4 per cent. Last year, they could close a rental deal with just one viewing.
“We go the extra mile right now to provide more services. Tenants would want to have less hassle, we provide Wi-Fi services and we can also include the utilities,” said Mr Ng. The Federal Reserve Building in Washington, United States. The Fed is cutting interest rates more slowly than expected as inflation remains high. Some analysts said home owners will have to bite the bullet for longer, with mortgage rates taking longer than expected to come down.
“Interest rates cannot stay high, if the Singapore dollar is going to continue to strengthen and strengthen with the high interest rates,” he noted. Mr Baey encouraged home owners to switch from floating rates to fixed ones amid the uncertain outlook.