May 9, 2021

All Service Real Estate

Property News and Latest Property Launches

Singapore minister warn of risks of property low interest rate

1 min read
Deputy Prime Minister SINGAPORE alerted that low interest rates would contribute to asset price distortions,...
Singapore property

Singapore property

Deputy Prime Minister SINGAPORE alerted that low interest rates would contribute to asset price distortions, in the midst of speculating that government can take new measures to cool down the housing sector.

Heng Swee Keat said in an interview conducted with Bloomberg News on Wednesday: “Now interest rates are extremely poor, in certain cases negative, which could contribute to a substantial mispricing of assets values and the significant danger of investment in the incorrect locations.

Since the pandemic sent the economy into its worst recession and fostered speculation that the authorities will for the first time introduce calming steps after July 2018, Singapore’s residential property sector has quickly recovered. Government ministers like Mr Heng also cautioned about the economic fundamentals of the economy.

 

error: Content is protected !!