Singapore property developers expect little impact from Shanghai lockdown
Add BT as a preferred source
SINGAPORE-LISTED real estate firms do not anticipate major or lasting disruptions to their operations in Shanghai as a result of the Chinese financial hub's latest restrictions, assuming the lockdown is not extended, they told The Business Times (BT).
Shanghai's local government on Sunday (Mar 27) announced a two-stage lockdown over a nine-day period to conduct a mass testing blitz, after Covid-19 cases spiked in the financial hub.
The lockdown will last from Mar 28 to Apr 1 for the eastern district known as Pudong, which includes the financial centre and main international airport. From Apr 1 to Apr 5, the other half of the city, the more populated western Puxi section that is also home to the historic Bund riverfront, will be locked down and tested.
