Real Estate
COVID-19 Hits Singapore's Real Estate Investment Sector

The figures are a dramatic barometer reading of the pandemic's effect on the Asian city-state, one of the great wealth management centres of the world.
The coronavirus pandemic hit property investment sales in
Singapore by more than a third (37 per cent) falling to S$3.02
billion ($2.13 billion) in the first three months of this year
from the prior quarter, according to international real estate
business Cushman &
Wakefield, as cited by the Straits Times on 13
April.
Q1 investment sales, defined as transactions of $10 million and
above, were dominated by the residential sector at $2.02 billion,
double the previous quarter's volume. This came mainly from the
award of previously bid government land sale sites, the report
said.
Cushman & Wakefield predicts that the subdued nature of the
investment market will continue into the second quarter as
government lockdowns remain in place until early May.