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Close to 10% of Singapore mortgages, or over S$15b, under debt moratorium

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MAS also told BT that the total value of secured loans that have been deferred by small and medium-sized enterprises (SMEs) here was more than S$11.4 billion as at June 30.

Singapore

THE three local banks in Singapore are estimated to have granted payment deferments to more than S$15 billion worth of mortgages as at the end of June this year.

All in, the total value of deferred mortgages in Singapore make up almost 10 per cent of all outstanding...

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