Ample liquidity drives pricier landed-home deals, stock trading in Q1
However, recent increase in Covid-19 cases and tightened restrictions could put a dent in sentiment
Add BT as a preferred source
Singapore
THE number of landed homes transacted at S$5 million and above in the first quarter this year again rose in tandem with the surge in trading activity on the Singapore stock exchange's mainboard.
This correlation between big-ticket purchases and turnover in the equity market was driven by increased liquidity and an improvement in overall sentiment at the time, said Lee Nai Jia, deputy director of the Institute of Real Estate and Urban Studies (IREUS) at the National University of Singapore.
TRENDING NOW
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Singapore developer in limbo after Timor-Leste scraps major township project
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
