Trend seen gaining momentum due to rising supply of homes, weaker rental market
[SINGAPORE] The number of properties up for auction by mortgagees (or lenders) as well as their share of the number of properties going under the hammer has hit a quarterly high in Q2.
Auctioneers say this reflects the difficulty that financially stretched borrowers face in securing buyers for their properties since the implementation of the total debt servicing ratio (TDSR) framework a year ago. Because of this, financial institutions have had to repossess more properties and put them up for auction.
Tagged in:
Demand and Supply of Rental in Private properties
Infrastructure to support the growth in population size
Objectives in increasing Population
Principle of Demand and Supply Fundamentals
Private Residential property Price Index PPI
Projected Growth in Population Size
Singapore Population
Total Debt Servicing Ratio TDSR