Cooling measures may have spared property market greater pain

It is more stable, grounded on fundamentals - and so better prepared to deal with crisis

We are living through the worst global economic recession since the Great Depression in 1929, with countries across the globe forced to shut down businesses and schools.

No one can say if we are past the peak of the pandemic and debate continues to rage over the extent of economic damage. Will the recovery be V-, U-or L-shaped?

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A version of this article appeared in the print edition of The Straits Times on April 24, 2020, with the headline 'Cooling measures may have spared property market greater pain'. Subscribe