- Do you know that if you buy a new launch, it will be progressive payment? So you will not suffer the full blunt of the high interest rate immediately. Say if you buy a new launch that TOP in 3 years time. Assuming it's an average of 3.5% interest rate for the next 3 years, you will be paying 35k interest for a $2m property for $1.5m loan. What this means is, you are paying additional
Before I begin, I just want to state that this is entirely my personal view based on my assessment of the market condition now. The #1 objection right now to property purchase is high interest rate.
Alot of my leads told me that they want to wait for interest rate to come down before they go into the market. I dont think this is a smart move especially if you are someone who "die die" want to buy a private property.
