Consider that Singapore banks also pay an interest of what, 0.5%? on your savings. Compare that to the 4-7% offered by Australian banks.notwavingdrowning wrote:How is it Singapore banks only charge 2-3% on home loans???
Where I am from its over 12%.....I dont get it?
Can you borrow here and buy at home? Or you have to live here for the length of the loan??
Australian banks....
Property is also significantly costlier in Singapore than Australia where half a mil can get you a pretty snazzy apartment or even a nice house whereas it will barely get you a HDB flat here.
Lions and wombats mate.