While it may be early days, the impact on private home sales from Covid-19 could be attenuated as serious investors hunt for attractive launches and hard-to-come-by projects. For instance, EC Parc Canberra sold 64% of its units over launch weekend. The M achieved strong sales results on the first two launch weekends with more than 392 units sold (75%) out of 522 units. Like last year, 2020’s demand is likely to originate mainly from Singapore residents. In terms of any knock-on effect on the office property market, we have yet to see a marked slowdown in office leasing enquiries for 1Q2020. Enterprises have been exploring workspace options for some time as they mull over mid-term plans. Even as they are currently assessing the Covid-19 outbreak situation, more office occupiers are likely to commit to suitable business space locations after the outbreak subsides. While there are reports of steep declines in manufacturing activity arising from labour shortages in mainland China in Feb, it is also early days at this stage for Singapore industrial players to make any significant changes to their industrial space take-up plans.

How will Covid-19 outbreak impact the Singapore property market? More Related ArticlesMore companies here have been looking to co-working… by The Straits Times March 20, 2020 Coronavirus: More demand for co-working spaces as firms split operationsThere is no doubt co-working has become a global… by The Business Times March 18, 2020 Post-Covid 19, flexible workplaces … Continue reading While it may be early days, the impact on private home sales from Covid-19 could be attenuated as serious investors hunt for attractive launches and hard-to-come-by projects. For instance, EC Parc Canberra sold 64% of its units over launch weekend. The M achieved strong sales results on the first two launch weekends with more than 392 units sold (75%) out of 522 units. Like last year, 2020’s demand is likely to originate mainly from Singapore residents. In terms of any knock-on effect on the office property market, we have yet to see a marked slowdown in office leasing enquiries for 1Q2020. Enterprises have been exploring workspace options for some time as they mull over mid-term plans. Even as they are currently assessing the Covid-19 outbreak situation, more office occupiers are likely to commit to suitable business space locations after the outbreak subsides. While there are reports of steep declines in manufacturing activity arising from labour shortages in mainland China in Feb, it is also early days at this stage for Singapore industrial players to make any significant changes to their industrial space take-up plans.