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Virtual tours and opportunities: The Singapore property market during COVID-19

  • Singapore is now in the 1st phase of the post-circuit breaker period. Developers’ show galleries remain closed, and property agents are still unable to conduct face-to-face meetings or viewings with prospective buyers.
  • Amid these challenging operating conditions, new private home sales fell 12% in the first quarter. In the same period, prices fell 1%.
  • Singapore has introduced various measures to maintain stability in the property market, including the total debt servicing ratio and the mortgage servicing ratio.
  • Today, [prices are] not dropping hugely. But developers are pricing sensitively with low profit margins and with some discounts.

– 12 Jun 2020

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