Impact of the current rate hike to property market. Keen to hear your views if you had been impacted.

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1M45

Edited 17 Jul 2022

Rental increase, volume drop

Tenants will think twice of hopping around, now rental is increasing. Tenants with a rental contract with the landlord, they are safe within these period, landlord cant rise rental

Condo price increase, volume drop

People also think twice before upgrading. " Do i really need to upgrade now?"
However, those who need to buy will still buy. No choice.
But the price will continue to rise, because increases of new launch condo price will also push up the resale market.
New launch will confirm continue to rise, because of the inflation of cost, developers need to make profit.
And people who buy million dollar HDB, overpaying for hdb, will also unintentionally push up the resale hdb and resale condo price.

No impact for me.
when interest rate is low, fix the loan, when interest rate is high float it.
I am safe for another 3 years, as i take a fixed loan.
Even if you are taking a higher interest loan, as long you are a landlord, either renting whole units or rooms, you can always pass the cost to the tenants, it will have little impact to you.
Interest rate have little impact to property investors, as cost can always be pass to someone else.
Housing price will continue to rise, thus if you need to buy a house, just buy. Dont wait just becoz of interest rate.

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