Source : The Straits Times, April 24, 2020
The developers and the property market are in a much better position to cushion the impact of Covid-19 crisis as compared to the global financial crisis due to the many rounds of cooling measures leading to a more sustainable and measured growth of the property market. Together with the swift introduction of the economic stimulus packages and deferment of mortgage payments till December, the property market will likely soften but probably will avoid any deep plunge.
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