Who will be Hardest Hit by 3.5% Interest Rate

We wrote about the recent property loan regulations announced by Monetary Authority of Singapore (MAS) in our article on 2nd July. We also posited that the introduction of a mandated 3.5% interest rate for total debt servicing ratio (TDSR) calculation implies an unspoken expectation of an interest rate hike in the short to medium term. As we mentioned [...]