Most households on mortgage reliefs are able to resume repayments MAS, together with the financial industry, first introduced a set of industry-wide support measures in April 2020, and extended these measures twice in October 2020 and June 202118 to ease the financial strain on individuals experiencing cashflow difficulties caused by the COVID-19 pandemic. This extension provided impacted borrowers additional time to transit to full loan instalment repayments. More recently, the number of borrowers granted the extended mortgage relief has fallen sharply to 5,000 as of Q3 2021, from 36,000 on the first set of the earlier relief measures. This suggests that most of the borrowers who had applied for the initial relief are now able to resume loan repayments.

https://www.facebook.com/Teo.See.Hwa...18754397423964

1. 31 March 2020
MAS and Financial Industry to Support Individuals and SMEs Affected by the COVID-19 Pandemic
https://www.mas.gov.sg/news/media-re...id-19-pandemic

2. 07 April 2020
MAS Clarifies Loan-to-Value and Total Debt Servicing Ratio Rules for Residential Mortgages and Mortgage Equity Withdrawal Loans
https://www.mas.gov.sg/news/media-re...thdrawal-loans

3. 30 April 2020
MAS and Financial Industry Provide Additional Support for Individuals
https://www.mas.gov.sg/news/media-re...or-individuals

4. 16 July 2020
MAS, banks to study how best to wean companies and individuals off Covid-19 relief measures: Ravi Menon
https://www.straitstimes.com/busines...fCfTg_eQMScaWQ

He noted that banks have deferred payments on principal or interest or both on about 34,000 mortgage loans until Dec 31.

5. WED, JUL 29, 2020 - 5:50 AM

Close to 10% of Singapore mortgages, or over S$15b, under debt moratorium

https://www.businesstimes.com.sg/gov...ebt-moratorium

6. Published Date: 29 July 2020

MAS Calls on Local Banks to Moderate FY2020 Dividends

2 While the Local Banks’ capital positions are strong, the dividend restrictions are a pre-emptive measure to bolster their resilience and capacity to support lending to businesses and individuals through an uncertain period ahead for our economy. Earlier, in April 2020, MAS had encouraged banks in Singapore to ensure that sustained lending took priority over discretionary distributions [2] .

https://www.mas.gov.sg/news/media-re...2020-dividends

7. 01 Oct 2020 - Between April and August, about 2,500 households took up financial assistance offered by HDB, such as deferring their loan installments or reducing the amount they have to pay in each installment, said Mr. Lee.
https://www.channelnewsasia.com/news...2025%20years.7.

8. 05 October 2020

MAS and Financial Industry Extend Support for Individuals and SMEs who Need More Time to Resume Loan Repayments
https://www.mas.gov.sg/news/media-re...duals-and-smes