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What do the rising interest rates mean for private residential market in Singapore?
The rising interest rates in Singapore are eroding buyers’ purchasing power which is dampening property demand in a significant manner. What will happen as these interest rates keep increasing given Singapore’s open economy and its strong correlation with the US interest rates? In Powering Your Property on Prime Time, Bharati Jagdish speaks with Wong Xian Yang, Head of Research, Cushman & Wakefield to find out what rising interest rates means for property investors and the broad private residential real estate market here. See omnystudio.com/listener for privacy information.
The skinny
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