The COVID-19 pandemic has pushed up Singapore’s positioning in the world, amid all the gloom during the crisis. Have you thought about how this will impact the real estate market after the post Covid-19 economic recovery?
We are proud that Singapore has investments in health care, science, research, and technology that have provided game-changers for Singapore. Not every country has a plan like this to prepare for the epidemic.
Deputy Prime Minister Heng Swee Keat unveiled a $48.4 billion supplementary budget on March 26 to tackle the Covid-19 pandemic, and further on an additional $3.8 billion for Solidarity Budget with extended circuit breaker period. Take note, this is from our country’s reserve, without affecting our currency or the need to borrow.
Our governance has also worked with respective banks to help borrowers who face financial distress to apply for deferment of their housing loan monthly repayments until 31 December. Which aids against the downhill of the economy and to sustain a positive scene in the real estate market.
If you are a foreign investor today, knowing how Singapore has the capability to sustain over pandemic and against the economic crisis, protecting investors and homeowners against financial distress, would you have marked this Lion City as your next place of investment? That is apart from our strong currency standing.
Therefore, market watchers believe that Singapore is going to be the next powerful place for investment post the covid-19 crisis. In this instance, we can assume that once the flock of foreign investors entering into the real estate market, prices are going to soar at another level higher.
If you’re still looking to invest in the local properties, would this be the best ideal time? Stay tuned for our next article where we will be talking about the Singapore real estate market against the backdrop of crises and the right entry point amid the economic disaster.
Have more questions about how the Novel Coronavirus will impact you as a homeowner, potential buyer or investor? My name is Jen Tan, drop a comment below or private message us & we will get back to you soonest.