Daily Briefing: How high can mortgage rates go?; $1.67b top bid for mixed-use Paya Lebar site

And old Tanjong Pagar station to open on Good Friday.

In just over a year typical mortgage rates have gone from closer to 1 per cent to closer to 2 per cent, an effective doubling. The natural question then is – how high can SIBOR and hence mortgage rates go? Read more here.
A large scale mixed-use development site at Paya Lebar Road/Sims Avenue attracted six bids at the close of its tender yesterday, revealed the Urban Redevelopment Authority (URA). Find out more here.
The former Tanjong Pagar Railway Station will open its doors to the public on Good Friday from 9am to 6pm, announced the Singapore Land Authority (SLA). Read more here.

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