Commodity prices have dipped sharply across the board since the second half of 2008. The Reuters/Jefferies CRB index which tracks the prices of 19 raw materials, is down more than 50 percent from its peak last July. And according to UBS, there is still room for another movement downwards by 10 percent. Gold has been bucking the downward trend but it is expected to dip. It is currently at US$1000 an ounce.
Maybank has rolled out a three year fixed loan package with first year interest at 1.6 percent - (the lowest of its kind in Singapore) With second and third year interest at 2.2 and 2.9 percent respectively, that works out to an average of 2.23 percent per annum over three years. This figure is even lower that that of the HDB's concessionary rate of 2.6 percent per year.
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