Job-saving measures will cushion some of the pain hitting property sector
Government has learnt to manage negative hits to real estate market, say analysts
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Singapore
AS SINGAPORE heads towards its worst recession since its independence, with dire predictions of massive job losses, analysts believe the impact on the property sector will be cushioned by the government's determination to support citizens' livelihoods.
In Q1, private home prices fell 1 per cent while total transactions fell 12.5 per cent. Both figures are expected to worsen for the full year.
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