Three-Minute Digest

Mortgagee sales hit new quarterly high in Q2

THE number of properties up for auction by mortgagees (or lenders) as well as their share of the number of properties going under the hammer hit a quarterly high in Q2. Auctioneers say this reflects the difficulty that financially-stretched borrowers face in securing buyers for their properties since the implementation of the TDSR framework a year ago.

Frasers Hospitality on acquisitions spree