You are here

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

BT_20200219_LMXWING17_4037413.jpg
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."

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...