Read? Fed Rate up, STI down?
One of my friends has attended a property investing seminar and the attendees were shown a chart on past years Singapore interest rate and highest rate reached at around 4%. At such low rate property investors can easily recover the interests payment with rentals.
Here is the Singapore Interest Rate since 1998.
The official interest rate is Singapore Interbank Offered Rate (Sibor), or the rate at which banks lend to one another, which tends to track the Fed rate.
Interestingly, the historical high of 20.00 percent is in January of 1990 and a record low of -0.75 percent is in October of 1993
So don't assume future interest rate cannot rise higher than 2-3%. See the chart for yourself.
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