Cooling Measures May Have Spared Property Market Greater Pain
Source : The Straits Times, April 24, 2020
Our Commentary:
As compared to the global financial crisis, the developers and the property market are in a much better position to cushion the impact of Covid-19 crisis due to the many rounds of cooling measures leading to a more sustainable and measured growth of the property market. Coupled with the swift introduction of the economic stimulus packages and deferment of mortgage payments till December, the property market will likely soften but probably will avoid any deep plunge.
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