Covid-19 spread clouds recovery of Singapore retail, industrial sectors
Colliers warns that Covid-19 could dampen consumer sentiment and delay recovery
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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.
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