The city-state’s home sales slumped in March and are set to take a harder hit in coming months with tougher measures in place to curb the spread of the virus.
SINGAPORE’S residential property prices, which have weathered multiple cooling measures and an economic slowdown, are set to tumble due to the Covid-19 pandemic.
Investors looking for fire sales however will be disappointed, as analysts say prices are unlikely to crash the way they did in the recession after the global financial crisis in 2009, provided unemployment remains stable, South China Morning Post reported on April 12.
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