Chitchat HDB Housing Loans From Banks To Rise!

[JohnTan]

SINGAPORE - HDB housing loans, currently offered at 2.6 per cent per annum, are emerging as a more attractive and stable option for risk-averse owners as mortgage rates from private banks rise.

Banks have been increasing their housing loan rates since the US Federal Reserve raised interest rates by 75 basis points on June 16.

https://www.straitstimes.com/busine...-from-hdb-expected-to-grow-as-bank-rates-rise

 

[syed putra]

Housing loans are like slave bondage. You are stuck with it for decades. You don't actually own it until its fully paid, snd then, only for 99 years.

 

[JohnTan]

Housing loans are like slave bondage. You are stuck with it for decades. You don't actually own it until its fully paid, snd then, only for 99 years.

Most savvy home owners don't fully pay their loans. They will sell their properties after holding for 5-7 years, settle the loan and walk off with a profit. Only a fool will faithfully pay it off.