In 2022, mortgage rates have surged beyond our expectations. What if borrowers can’t pay? On November 25, the Monetary Authority of Singapore (MAS) published the Financial Stability Review 2022. It stated that most households appear to be resilient to interest rate shocks. The proportion of non-performing mortgage loans is likely to remain low. On the contrary, the OCBC … [Read more...]
Important rules to find good bargains at auctions
Auction sale of properties are on the rise in a lackluster market plagued by slow rental and high vacancy. With a worsening economy, both auction properties and mortgagee sales are expected to flourish in 2017. A mortgagee sale happens when the owner of the property defaults on mortgage payment. The mortgage bank then steps in to repossess the property and put it up at … [Read more...]
Repossessed properties, bank auctions and mortgagee sale
Many investors like to find "good deals" at property auctions. If you are keen, you can contact the auction department of Colliers, Knight Frank and Jones Lang LaSalle. Ask them to add your name to their auction distribution list. If you're eyeing any property in the list, you can call the person-in-charge to ask for more details before attending the auction. In case … [Read more...]