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

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Not all is rosy in Singapore’s housing market. Illustration: SCMP
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Mainland Chinese are the biggest group of foreign buyers of Singapore luxury homes. Photo: Bloomberg

Chinese millionaires propel Singapore’s luxury home sales to 11-year high

  • There has been a flurry of purchases of condominiums, driven predominantly by multimillionaires from mainland China
  • Some buyers may have sought an alternative to protest-hit Hong Kong, an expert said
Topic |   Singapore

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Mainland Chinese are the biggest group of foreign buyers of Singapore luxury homes. Photo: Bloomberg
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