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by OrangeTee & Tie Pte Ltd.

Singapore property agents expect to benefit from relaxed Covid restrictions

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Singapore, 11 Jun 2021

SINGAPORE property agents are optimistic about the effects of relaxed Covid-19 measures.

The Multi-Ministry Taskforce (MTF) announced on Thursday that social gathering group sizes will increase from two to five persons during Phase 3 (Heightened Alert), effective June 14.

In addition, occupancy limits of shopping malls and show galleries will be increased to one person per 10 square metres (sq m) of gross floor area, up from the current one person per 16 sq m.

Steven Tan, chief executive officer (CEO) of OrangeTee & Tie, said the increased group size will be "significantly helpful" to sales.

Mr Tan also added the current restrictions have created "pent-up demand" and expects to see more buyers wanting to view flats in the coming weeks.







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