Covid-19 spread clouds recovery of Singapore retail, industrial sectors
Colliers warns that Covid-19 could dampen consumer sentiment and delay recovery
Singapore
THE escalating Covid-19 outbreak that has killed more than 1,300 people and infected over 60,000 worldwide at last count poses near-term downside pressure on Singapore's retail and industrial property markets. This is according to research by Colliers International, released on Thursday.
Based on Colliers' research, both the retail and industry property markets in Singapore showed signs of bottoming and will likely continue to stabilise into 2020.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
China Evergrande to delay 2023 annual results; shares remain suspended
Dubai ruler’s firm refinances US$8.2 billion to tap property boom
US home prices jump by most in nearly two years in February
UK’s second biggest mortgage lender pulls offers over flood risk
China state firm to sell 20 Shanghai office towers in downturn
Strained Chinese cities struggle to pay home-buying subsidies