Booming During The Pandemic ? Singapore Real Estate Business
An expert sheds light on how the Singapore real estate business performed with robustness and resilience even when the pandemic reared its ugly head.
The post Booming During The Pandemic ? Singapore Real Estate Business appeared first on LUXUO.
The COVID-19 outbreak is of seismic proportions as it affects the health of many nations, it is also fast evolving into an economic pandemic. The virus took away the freedom of movement from millions of people, infected over 3 million individuals, and claimed the lives of over 350,000+ globally as of 28 May 2020.
Singapore’s iconic skyline attracts foreign homebuyers to live and work here.
The virus has also infected global economies, financial markets, and businesses around the world. The Dow Jones Index tumbled almost 25 per cent in Q1 2020, while the Straits Times Index mirrored with a 23 per cent fall over the same period. Oil prices have collapsed, and the West Texas Intermediate crude contract for May 2020 delivery fell 321 per cent and settled at negative USD 40 per barrel (WTI is one of the three grades of crude oil used as a benchmark in oil pricing). Close to 40 million Americans have filed for unemployment in a little over five weeks, far exceeding the 22.4 million jobs that the United States took over ten years to create after the Global Financial Crisis (GFC) in 2009. Read about the global residential property market here. Economists predict a great depression will follow once the virus is eradicated or when a vacci...
The post Booming During The Pandemic ? Singapore Real Estate Business appeared first on LUXUO.
The COVID-19 outbreak is of seismic proportions as it affects the health of many nations, it is also fast evolving into an economic pandemic. The virus took away the freedom of movement from millions of people, infected over 3 million individuals, and claimed the lives of over 350,000+ globally as of 28 May 2020.
Singapore’s iconic skyline attracts foreign homebuyers to live and work here.
The virus has also infected global economies, financial markets, and businesses around the world. The Dow Jones Index tumbled almost 25 per cent in Q1 2020, while the Straits Times Index mirrored with a 23 per cent fall over the same period. Oil prices have collapsed, and the West Texas Intermediate crude contract for May 2020 delivery fell 321 per cent and settled at negative USD 40 per barrel (WTI is one of the three grades of crude oil used as a benchmark in oil pricing). Close to 40 million Americans have filed for unemployment in a little over five weeks, far exceeding the 22.4 million jobs that the United States took over ten years to create after the Global Financial Crisis (GFC) in 2009. Read about the global residential property market here. Economists predict a great depression will follow once the virus is eradicated or when a vacci...
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