SINGAPORE: Singapore is now in the first phase of the post-circuit breaker period. Some sectors of the economy have reopened, but it isn’t quite business as usual in the property sector.
She also pointed out that some of the mass market projects have been selling up to 70 per cent of their units. This was the case during the Asian financial crisis more than two decades ago, as well as during the 2007-2008 global financial crisis. The current pandemic, however, has shut down the entire world “so nobody is panicking, no developer is slashing prices and therefore people are holding and people are accepting that this is something that needs patience to ride over,” he added.
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