Property prices can be resilient amid geopolitical tensions
Some people may want to park their money in hard assets to get a sense of security
GEOPOLITICAL tensions have ratcheted up with Russia's invasion of Ukraine. Oil prices have skyrocketed and food costs have risen. Equity markets have been hit as investors de-risk. The global economic outlook is much hazier and political leaders are grappling with what a new world order will look like.
Could global tensions rock the physical property market here? Possibly not.
In the lead up to the outbreak of war in Ukraine, Savills Singapore announced the sale of Tanglin Shopping Centre in the Orchard Road enclave to a privately-held entity of the Tanoto family for S$868 million.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co