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BT EXCLUSIVE: VIRUS OUTBREAK
Wing Tai: Developers unlikely to drop prices despite virus outbreak
Wing Tai deputy chairman Edmund Cheng says developers here have capacity to ride out crisis
Mr Cheng: "Developers look at a longer window of five years to build and sell their units. Unless they have shallow pockets, they are not likely to dump stock."
PHOTO: WING TAI HOLDINGS
Singapore
SINGAPORE'S property market is in a good position to withstand the Covid-19 spread, says Wing Tai's deputy chairman and deputy managing director Edmund Cheng.
He believes property developers here are not likely to drop prices in a knee-jerk reaction as they have the...
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