Opportunities emerging for investment property deals; discounts up to 20% may be had, says consultant

Singapore

SOME good may come from the Covid-19 pandemic - real estate is being offered to investors at lower prices as Singapore plunges into the worst recession on record. Opportunities could emerge with 10-20 per cent discounts from the pre-Covid level a couple of quarters down the road, said Christine Li, Cushman & Wakefield head of business development services, Singapore & South-east Asia.

Investment sales - defined as S$10 million and above - were muted in Q1 2020 but subsequently there have been some big deals such as the sale of AXA Tower, Chevron House and Robinson Point.