What's New In Property

What Covid-19 does to already fragile residential market

On a broader level, demand for private residential units might slow to a trickle soon, judging from the market reactions in our neighbouring countries affected by the virus outbreak.
On a broader level, demand for private residential units might slow to a trickle soon, judging from the market reactions in our neighbouring countries affected by the virus outbreak.PHOTO: ST FILE

On Feb 19, Deputy Prime Minister Heng Swee Keat told Bloomberg TV that the Government has no plans to ease property cooling measures.

"It is not on our radar at this point because we need to make sure that we stabilise the economy and we address long-term structural issues," he said.

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A version of this article appeared in the print edition of The Sunday Times on March 01, 2020, with the headline 'What Covid-19 does to already fragile residential market '. Print Edition | Subscribe