With suburban housing prices in Singapore hitting new highs, markets awash with liquidity and banks introducing longer home loan tenors, I believe it is inevitable that another round of cooling measures will be introduced simply to keep potential price increases in check.
Increasingly, more of the buying rests on low interest rates and less on fundamentals. What happens when there is a sharp hike in rates? Seven years of feasting may be followed by seven years of famine. It is best that we build our defences early, even as we play the game or are forced to play the game. Full story
