Not all is rosy in Singapore’s housing market. Illustration: SCMP
Singapore’s worrying trend of homeowners defaulting on mortgages
- Even as new home launches are seeing brisk demand, the number of homeowners in the Lion City defaulting on their mortgages is on the rise
- Amid a rise in mortgagee sales and a slowing economy, private homes continue to be built, prompting analysts to warn of an oversupply
Follow your favourite topic and get notified
Not all is rosy in Singapore’s housing market. Illustration: SCMP