The demand is still there

A snapshot - today Straits Times headline "Sale of new private homes fairly strong". So looks like Hungry Ghost month did not deter buyers from buying houses. Anyway, it has been always a myth to think that buying houses in Lunar Seventh Month (aka Hungry Ghost Festival) is inauspicious.


Another snapshot - Sibor has dropped to a new low! At 0.51%!!! Wow... so does low interest rate means more buyers? Or low interest rate will attract more buyers? Well, looks like buying trend will continue....?

If you are interested to know more about property news, here is another news report from Yahoo news

Low interest rate to stay

Saw today newspaper, it was reported that SOR and SIBOR rates have fallen sharply. With such attractive low home mortgage loan, rates for 3M SOR at 0.32078 and 3M SIBOR at 0.55361, will that attract more people to buy property?

Well, maybe that's the reason we got to see so many people flocking to the new launches lately.

Nevertheless, if you are planning to buy one property soon, is important to do your sums first before signing the S&P or OTP.

Good luck!