interest income

Singapore is seeing an unprecedented mortgage slowdown

SINGAPORE (Jan 25): Rising interest rates and the latest round of property curbs have put the brakes on mortgage demand at Singapore’s banks, potentially further dragging down the city’s housing market.

Home-loan growth slowed to 1.9% in the first 11 months of 2018, less than half the 4.2% increase posted in 2017, the latest Monetary Authority of Singapore data show. Mortgage growth will stay stuck below 2% this year, according to Diksha Gera, an analyst at Bloomberg Intelligence.

In 2018, reliable income does not come by easy

SINGAPORE (Feb 21): These days, reliable income is hard to come by.

Income is a top objective for most investors and it is the main outcome they want to achieve when investing.

After the Global Financial Crisis (GFC), relying on “old-school” savings products, such as depositing money in a savings account or purchasing government bonds, as a sole source of income came to an end.

See: Could we see a return to living on interest income?

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