First, the Resilience Budget introduced measures for individuals. Cash flow concerns such as high interest unsecured loans can be converted to lower interest term loans, and homeowners with mortgages have an option to delay the interest or entire mortgage payments to ease their current cash flow situation.
Second, jobs are being supported by wage and liquidity assistance provided to Companies, to encourage employers to retain their workers.
Third, private housing developers selling new launch units would adopt strategic pricing to continue to attract buyers during this period.
Fourth, Total Debt Servicing Ratio (TDSR) limits already in place since 2013 have capped total levels of housing and other debt for each household at a manageable amount based on income.