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Opportunities emerging for investment property deals; discounts up to 20% may be had, says consultant

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Opportunities emerging for investment property deals; discounts up to 20% may be had, says consultant
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SOME good may come from the Covid-19 pandemic - real estate is being offered to investors at lower prices as Singapore plunges into the worst recession on record. Opportunities could emerge with 10-20 per cent discounts from the pre-Covid level a couple of quarters down the road, said Christine Li, Cushman & Wakefield head of business development services, Singapore & South-east Asia. Read more at The Business Times.

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The largest transaction in Q2 was Alibaba Group buying a half stake in AXA Tower in a deal which valued the property at S$1.68 billion.

SOME good may come from the Covid-19 pandemic - real estate is being offered to investors at lower prices as Singapore plunges into the worst recession on record. Opportunities could emerge with 10-20 per cent discounts from the pre-Covid level a couple of quarters down the road...

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