Typically, June is slow because it's the month-long mid-year school break when families vacation overseas but this year was the first time that people could not travel due to Covid-19 restrictions. The usual mid-year holiday period was moved to May because of the"circuit breaker", with schools reopening in June.
The economy reopened last month in phases, with show galleries welcoming back visitors on June 19 with social-distancing measures.On the increase in the number of foreign buyers, Ms Sun said many foreigners bought properties last month as the growing macro-economic uncertainties have driven overseas investors to seek shelter for safe-haven assets in the Republic.
"Currently, many foreigners snap up homes in Singapore based on their trust in our legal system, quality of finishes, and investment potential of properties.
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Source: BusinessTimes - 🏆 15. / 51 Read more »