Banks urged to defer foreclosure proceedings at least for 2020

TheStar Sat, Apr 04, 2020 10:00am - 4 years View Original


Micheal Kong: We have put forward about 10 proposals but the key ones are a 100% wage subsidy for March and April, and 50% for May, June and July.

It is too early to gauge the economic fallout in all its entirety on the housing sector as a result of Covid-19 pandemic.

It is affecting almost every country, every sector, leaving a trail of economic and financial hardship along its path in a sector that already had its share of the vulnerabilities.

As long as the pandemic continues its infections around the world, the uncertainty and volatility will continue, not just the house owners but the landlords and the property consultants themselves.

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