New home sales up 57% in Feb despite Covid-19
Lower interest rate environment could prompt some home buyers to enter the market, analysts say
Add BT as a preferred source
Singapore
DESPITE the Covid-19 outbreak, developers sold 975 units in February, or over 57 per cent more month-on-month, as demand for private residential homes held up.
And while analysts pointed out that the lower-for-longer interest rate environment could prompt some home buyers to enter the market, the ongoing correction in stock prices and a slowing economy could present downside risks to buying sentiments in the near term.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
In a world of long-drawn crises, ‘wait and see’ may be a decreasingly tenable stance
SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares
The returnees: Inside China’s AI talent reversal
