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Market volatility seen driving up mortgagee sales

Some 55 homes put up for mortgagee sale from January to September; highly-coveted and rarely transacted properties may go on the block amid subdued economic growth

Published Wed, Oct 14, 2015 · 09:50 PM

Singapore property

Singapore

THE sell-off in equity markets, price fluctuations of commodities and the weaker rental market seem to have driven up the number of homes put up for mortgagee (or lender) sale in 2015, DTZ said on Wednesday.

Close to 55 homes were put up for mortgagee sale from January to September 2015. This is more than the total number of homes put up for mortgagee sale for the whole of 2014.

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