One of the reason why Singapore’s housing loan rate has decreased in recent months and what does it mean for property owners?

The housing loan rate has decreased recently and resulted in a price war amongst several banks as reported in main stream newspapers. See below. http://www.businesstimes.com.sg/real-estate/uob-hsbc-join-mortgage-war-with-3-year-fixed-rate-packages We were taught that Singapore’s interest rates are pegged to US and hence any fluctuations here must be due to interest rate fluctuations from the Federal Reserves. In this case,…


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