Property
Factoring in CORVID-19, Is There An Oversupply Risk & How’s The Market Situation? (Part 1)
By Stuart Chng  •  February 27, 2020

The recent months of fear and panic has seen much focus and attention drawn towards CORVID-19 related news and content.

As of today and counting, Singapore has seen zero to a handful of new cases per day, and seemingly, everything is starting to come under control.

Indeed, just a few weeks back, there were elevated fear in the markets, panic buying of household goods and a retail scene as if the “Thanos snap” occurred in real-life.

While the West and Europe is starting to experience what Asia did a month ago - a rise in infections, Singaporeans appear to have acclimatised to their fears and are slowly resuming their routines as usual.

Last 2 weekends, we were reminded through 2 project launches that Singaporeans care more about good deals than fear the virus!

Parc Canberra executive condominium was 64% sold out on day 1. The M at Middle Road was 70% sold out on its first day of launch as well.

Such is the case that i parody a famous quote of Martin Niemöller:

...
Read the full article
By Stuart Chng
Stuart Chng, Senior Associate Executive Director of OrangeTee & Tie, is a renowned leader, real estate broker and personality in the real estate industry. He is a licensed real estate agent, team leader, industry trainer and speaker, columnist for several property newsletters and blogs and is often quoted in media interviews on 938FM, Channel 5, PropertyReport, PropertyGuru and other publications. Throughout his career, he has helped many clients grow their wealth through selecting great property investments and managing their portfolios actively. Stuart has also coached many top million dollar producing agents from different real estate agencies in Singapore.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance