Covid-19 may amplify attractiveness of Singapore’s real estate market

The Covid-19 crisis affected many countries’ economy, in which, one of the sectors affected is the real estate industry. With many countries on a lock-down mode, traveling outside to another country is strictly prohibited in view to control the possible outspread via transmission of the virus. Singapore’s real estate industry is affected as well since the floodgate to foreigners is closed and part of the total sales of  were contributed by them. Foreigners are still attracted to Singapore after seeing how our Government has handed the situation well. Hence, once the floodgate is open after the Covid-19 crisis, we will see a reverse in sales. Daintree Residence is still priced attractively from $1600PSF onwards and is the most competitvely priced project in the Rest of Central Region (RCR).

Source: EdgeProp

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