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
Topic |
Singapore
Not all is rosy in Singapore’s housing market. Illustration: SCMP