Banks urged to defer foreclosure proceedings at least for 2020

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.