Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Wednesday, November 4, 2009

Banking on Higher Mortgage Rates

The proposed 5% RPGT recently announced in the Government Budget has already dampened interests in the property stocks and tangible investment in the property market.

Today, with most leading banks poised to raise their mortgage rates, institutional investors may further reduce their holdings on property, construction and automobiles and switch their favour towards banking stocks.

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