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How will higher rates affect property buyers?

The recent increase in Sibor has sparked more enquiries on fixed rate packages.

This is a good time to start tracking the interest rate outlook. The correlation is clear: the higher the interest rate, the higher the housing loan payment.

THE Singapore Interbank Offered Rate (Sibor), which commonly reflects how much it would cost for banks to borrow from one another, has attracted much attention of late.

This is because many home owners, especially private property owners, have their housing loan rates pegged to the Sibor

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