CNA938 Rewind - The "Peace of Mind" Tax: Why 85% of SG homeowners choose fixed loans even at 2%
Despite floating SORA rates dropping to 1%, a staggering 85% of Singaporean homeowners are opting for pricier 2% fixed-rate packages to hedge against geopolitical volatility and interest rate "trauma." Andrea Heng and Justine Moss analyzes the actual cost of this "peace of mind" premium and explores whether the "one-way ticket" move from HDB to bank loans remains a viable strategy for modern households. For that, they speak with Clive Chng, Associate Director, Redbrick Mortgage Advisory.