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September 28, 1992 | From Reuters
Singapore's yuppies are using surplus cash and cheap credit to snap up residential properties, sending prices rocketing upward and sparking concern about the impact of all this property activity on banks. Property analysts said professional couples and singles in their 20s and 30s are withdrawing cash from Singapore's unique government-sponsored savings plan and taking advantage of cheap mortgage rates to buy property.
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BUSINESS
September 28, 1992 | From Reuters
Singapore's yuppies are using surplus cash and cheap credit to snap up residential properties, sending prices rocketing upward and sparking concern about the impact of all this property activity on banks. Property analysts said professional couples and singles in their 20s and 30s are withdrawing cash from Singapore's unique government-sponsored savings plan and taking advantage of cheap mortgage rates to buy property.
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