Mortgagee sales not likely to spike up in 2020 despite recession: The Straits Times

Individual property owners and eligible business enterprises have the option to defer payment of their principal and interest until end of the year. This relief had been extended to not just residential property loan, but also commercial and industrial loans. Hence, we noticed a decline in the number of mortgagee properties on the market. To-date, more than 5,300 small and medium-sized enterprises had their secured loan deferred till end of the year.

Source: https://www.straitstimes.com/business/property/mortgagee-sales-not-likely-to-spike-up-in-2020-despite-recession

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