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Loss-making private home resales bear watching as stimulus tapers off

Retrenchments, salary cuts, lower rents are some reasons for homeowners divesting properties at poorer prices

Nisha Ramchandani

Published Sun, Nov 29, 2020 · 09:50 PM

Singapore property

Singapore

THE proportion of loss-making residential transactions in the secondary market has eased in recent months after climbing in the second quarter (Q2) of the year, although some analysts say the situation may bear monitoring as policy stimulus and support measures progressively taper off.

Still, the extension to the relief on mortgage repayments beyond the year-end will give a buffer to some property owners in financial distress, analysts pointed out.

According to data from Edmund T…