Singapore Property Market Outlook amidst the Covid-19 situation

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Provided herewith is a collection of articles that we have collated to provide readers with a fair perspective of where the Singapore Property Market is likely to go amid the Covid-19 situation.

Government is closely watching the market to ensure property prices are stable and sustainable. During this unprecedented time, Government is supporting citizens’ livelihood with job saving measures as well as getting banks to defer home loan payments till end of the year.

Mr Heng said “In Singapore’s context, property is not just an investment. It is a home for people and we must make sure that we get that right.”

Source: BT 20 Feb 2020

For individuals, mortgage payments can be deferred until 31 Dec 2020

Source: BT 1 April 20

A fair correction in prices is expected in 2020, but not to the magnitude of the 24.9% plunge over four quarters during the Global Financial Crisis (GFC) , said Ong Teck Hui, JLL, senior director, research & consultancy.

Source: Business Times 25 April 2020

Government has learnt to manage negative hits to real estate market, say analyst

Source: Business Time 4 May 2020

Government grants temporary 6-months extension for project completion, sale relating to ABSD remission for singaporean married couple and project disposal under QC regime.

Source: Business Time 7 May 2020

Impact of major property cooling measures from 1996 to 2018

BT 16 May 2020