Mortgagee listings hit new high on loan rate hikes, weak rentals
Knight Frank believes worst is not over; its Q1 data also shows poor auction sales
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Singapore
MORTGAGEE sale listings in Singapore reached a record high in the first quarter of 2019, according to data compiled by Knight Frank.
Out of 362 auction listings, 159 were mortgagee sale listings, the highest ever recorded in Knight Frank's database stretching back to Q1 2011. The mortgagee listings were up 28.2 per cent from the previous quarter, and doubled from a year ago.
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