Singapore real estate…

OK, buying an apartment in Singapore is a highly controlled affair. The Housing Development Board (HDB) controls what sizes of apartments are built, how many, where they are located, and who can buy them.  So limiting, lah!   But I just heard from my officemates that Singaporeans get a 2.6% interest rate, which my Singaporean friends think is too high! Permanent residents get 3%. Other people are stuck with market rates.

There are similar regulations in Malaysia.  Very hands-on control of real estate and banking in this part of the world.

A Chinese friend says in Beijing it’s 7%.  Everyone groans over this terribly high interest rate, which is lower than the US average over the last 30 years…

Just FYI.

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