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.
TRENDING NOW
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Quarter of Singtel special discounted shares sold ahead of CPF Board transfer
Why Tan Aik Keong of digital solutions specialist Agmo wants to make himself less indispensable
Asia needs new energy security architecture
