Liquidity still aplenty for Singapore, with investors in the hunt for real estate yield

THE economic impact of the novel coronavirus outbreak is expected to be short-lived, based on the current situation.

The Singapore government has succeeded in putting in place multiple lines of defence to prevent the spread of the virus. Singapore currently has 24 confirmed cases of the virus, including the first four cases of local transmissions announced on Tuesday evening. There have been no deaths reported so far.

The current fatality rate of 2.1 per cent appears rather mild, compared to the 9.6 per cent for that of Sars. Sars happened between November 2002 and July 2003, with 8,096 cases and a death toll of 774 in about 30 regions. In Singapore, 238 people were infected and 33 died.