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VIRUS OUTBREAK

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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In the longer term, barring a protracted downturn, Colliers believes that Orchard Road rents are likely to lead a gradual recovery, with a potential boost from rejuvenation plans for the area.

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...