Multi-properties owner in Singapore hit by rising Sibor rate

[Crowdfunding]

Guess how many multi-properties owner in Singapore will be hit by rising Sibor rate?

As the saying goes, leverage is a double edged sword. Seems like those who over leveraged will to buy multiple properties will be greatly affected.

Quoted from the article:
"the total number of multiple-properties owners works out to about 9%"

Will we see more units foreclosure by banks?

 

[dasimond]

Currently DBS, OCBC are offering interest rate pegged with fixed deposit rate, this method is more transparent and less risk involved as the rate does not move much.

DBS is offering 1.88% interest while OCBC is 1.66% for 1st 2 years and 2.4% after that. (rate package offer by bank changes from time to time)

Some may prefer SIBOR rate or BOARD rate which the interest may seem much lower, end of the day is up to individual preference and comfortable level.