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

With Government stepping in to allow for deferment of loan repayment and bank holding off foreclosures, analysts are not expecting a spike in mortgagee sales for this year. At the same time, in conjunction with circuit breaker period, all property auctions were suspended as physical gatherings are to be avoided. For the first half of this year, total mortgagee listings decline by 42% to 177.

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

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