Property prices may drop, but I do not think it will drop that fast. The consumers are more financially educated as compared to the last crisis, plus the interest rates are very low now...
Property investing is one of the best method for acquiring wealth.
It would be in your best interest to refinance your home loan right now, making good use of the low interest rates. You would not want to be making high installment payments during an economic slowdown. It is just not sensible to do so.
Foreclosure investing is going to be one of the hottest growth area in Singapore in times to come.
One of the best way to raise cash is to mortgage your property. It is one of the cheapest and fastest way to secure your credit.
The rich actually worries about leaving too much money to their children. The poor worries about leaving none for their children.
It may be a good idea to get some equity out from your property for some renovation or to fund that investment idea. Using equity from your property is much cheaper than other types of credit facilities...
Your home loan may be the largest ticket item of your life. It is therefore logical and sensible to pay the most attention to it.
Buying over an existing business is a smart move. The revenue starts running on the day you take over the business.
By extending loans to the SME industry, it will create a beneficial cycle in the economy and eventually the one who gives out the loan will benefit.