27 Oct 2015 - most competitive residential interest released.

[DC33_2008]

Unfortunately, CMs will not be removed for a long while as long as there are printing money in the whole. Just gots news from quite reliable source.

A few possible scenarios to consider in your risk assessment:

1. Interest goes up by 0.25%-0.50% over two quarters, then stuck for the rest of the year and several years later (another decade?).

2. Interest goes up by 0.25%, then have to come down again, and then up again, and then down again.

3. Interest goes up a full percent in 1 year, but prices and CMs stay, and demand miraculously starts to pick up due to unforeseen and unannounced measures.

4. Interest goes up a full percent in 1 year, CMs get removed and demand speeds up to match supply.

5. Interest goes up a full percent in 1 year, CMs get removed but demand is still too weak, resulting in further price falls.


Which scenario you predict determines your next move.

[Kelonguni]

Based on your description, it's one of scenarios 1-3.

Unfortunately, CMs will not be removed for a long while as long as there are printing money in the whole. Just gots news from quite reliable source.

[jeaprp]

Unfortunately, CMs will not be removed for a long while as long as there are printing money in the whole. Just gots news from quite reliable source.

My take is some CM will be removed next year but the mkt will have muted reaction ,
Or even fall further.

[Kelonguni]

My take is some CM will be removed next year but the mkt will have muted reaction ,
Or even fall further.

So your take is scenario 5.

We can only wait and see.

[jeaprp]

So your take is scenario 5.

We can only wait and see.

Anybody interested in buying a penthouse #27, pls PM me

[Kelonguni]

Anybody interested in buying a penthouse #27, pls PM me

#27? A development? A unit?

Why suddenly talk halfway on interest rates change to selling penthouse?

[MortgageGuru]

No more fixed rate as per first post.
Latest best fixed rate 1.88% for 2 years.

[MortgageGuru]

On short period only

1.78%
2 years fixed
2 years lock-in
No subsidy
Hurry before removal!

[Werther]

On short period only

1.78%
2 years fixed
2 years lock-in
No subsidy
Hurry before removal!

So strange, how come interest rate adjust downward instead as sibor has risen recently?

[MortgageGuru]

So strange, how come interest rate adjust downward instead as sibor has risen recently?

It depends. It's like when you're selling a can of coke at $1.20. Your neighbour sells together at $1.20, but the shop opposite you has been selling at $1.30 but that was before you came into his territory and sell at $1.20.
However, he has no urgency to sell cheap as he already took up most of the market share when he was the only one selling coke at the neighbourhood.

Now, he needs to cover his cost or bring back his sales, he decides to come up with a promotion.
That's all.
Simple as it is.

[MortgageGuru]

Ok. CIMB filled their stomach already.

1.78 removed.

[MortgageGuru]

Latest fixed rate 1.99% 2 years with legal subsidy of 0.4% capped 2k, no minimum amount required.
Offers valid till end of February only!

[MortgageGuru]

OCBC increasing spread by end of this month, for those still thinking if it's time to go OCBC, it's a simple decision already.

[wildfaye29]

Does anyone know DBS' most current packages for completed properties? Thanks!

[MortgageGuru]

Does anyone know DBS' most current packages for completed properties? Thanks!

1.15 + FHR18 for first 3 years. FHR18 @ 0.60% currently.