Loss-making private home resales bear watching as stimulus tapers off
Retrenchments, salary cuts, lower rents are some reasons for homeowners divesting properties at poorer prices
Add BT as a preferred source
Singapore
THE proportion of loss-making residential transactions in the secondary market has eased in recent months after climbing in the second quarter (Q2) of the year, although some analysts say the situation may bear monitoring as policy stimulus and support measures progressively taper off.
Still, the extension to the relief on mortgage repayments beyond the year-end will give a buffer to some property owners in financial distress, analysts pointed out.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Singapore workers experiencing rising anxiety; signs of fallout from pressure to use AI
