In the earlier article, we spoke about a spike in new residential sales amidst the DORSCON level turning orange. Singapore’s response to the coronavirus has been held up by many around the world as a role model. Despite our growing economy, would this outbreak bring Singapore to another level of world-wide breakthrough? We can guess the answer.
While we all know that it is just a matter of time when the economy bounces back, and in every recession, the new era is producing its own pantheon of folk heroes. Will the Novel Coronavirus build a new batch of millionaires next? Most likely.
The world is losing calm in the pandemic state, but what is amazing is how Singapore has taken it forward with a suave. Though SARS devastated calls to Singapore, we have been hailed for using those hard-won lessons to combat the new coronavirus.
Singapore has implemented rigorous detection, quarantine, tracking down of COVID-19 cases, potential clusters, all through the effective governance of the nation. Despite not locking down the city to disrupt business operations, Singapore has proven her reliability as a country to combat unforeseen plaques, economic disruptions, and health care prudency far ahead.
Potential home buyers often wait for the ‘right-time’ to enter the market. Though there was an initial knee-jerk reaction from the market, the private home sale continues to grow sustainably, with serious investors hunting for attractive launches and hard-to-come-by projects.
Should you have entered the market now before the economy recovers with foreign investors driving in and soaring up the home prices?
Have more questions about how the Novel Coronavirus will impact you as a home buyer? My name is Jen Tan, drop a comment below or private message us & we will get back to you soonest.