Singapore property auction listings could rise 10% in 2020 due to coronavirus outbreak: The Business Times
Auction listings had risen last year by 34% due to a more challenging business environment. The main contributors are due to a rising mortgage interest for the past 3 years and also a muted residential rental market. Higher default rates due to loss of jobs and bankruptcy are also reasons cited by research houses.
Source: https://www.businesstimes.com.sg/real-estate/singapore-property-auction-listings-could-rise-10-in-2020-due-to-coronavirus-outbreak
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