SINGAPORE — Private residential property prices fell in the first quarter of 2020 as compared with the previous 3 months, flash estimates showed on 1st April (Wednesday). However analysts declare they don’t expect prices to drop sharply in the next few months in spite of the economic slump resulting from the Covid-19 pandemic. This is the backdrop where Clavon condo is to be launched this year.
This is due to the job environment still holding up, and there is the Resilience Budget too, as well as new relief measures helping homeowners with their mortgage loans.
Head of research and consultancy at OrangeTee, Miss Christine Sun, said in agreement that so long as the employment market is still holding up, she is "not anticipating drastic price drops in the following months".