by OrangeTee & Tie Pte Ltd.

OrangeTee & Tie CEO thinks cooling measures unlikely; weighs in on HDB 'lottery' effect



SG, 18 Jan 2021

Residential property prices in Singapore will probably go on a stable and gradual uptrend, instead of "shooting up", due to a K-shaped economic recovery. That's according to OrangeTee & Tie chief executive officer (CEO) Steven Tan, who does not expect the government to intervene in the real estate market and introduce cooling measures in the near future. Mr Tan said in an interview with The Business Times (BT) that he foresees different parts of the Republic's economy recovering from the Covid-19 crisis at varying paces, with some sectors benefiting or rebounding more rapidly while others stay on a downward trajectory. 

Such a split resembles the letter "K". "Singapore's success in handling the coronavirus pandemic has given foreign and local property investors a lot of confidence to invest here, and global tech and healthcare giants are also setting up offices in Singapore," he noted.

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