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Writer's picturePeter Tan Choon Guan

Will The Singapore Real Estate Market Remain Resilient Throughout COVID-19?


Is Singapore property market still resilient
Is Singapore Property Market Still Resilient?

It has been more than a year since COVID-19 began, a few friends had contacted me about how the Singapore Property Market is doing?


Now, in this COVID-19 pandemic, all trades affected, especially the F&B trades, a lot of restaurants are not making money, some have even winded up.

Do you think is a good time to invest in property?

Is Singapore property markets still resilient?


Well, I guess that the fact you are here means that you have a similar question in your mind too.

How Did the Past Epidemics Affect Singapore Property Market?

Prices in Epidemic period
Prices in Epidemic period

The chart above, clearly shows us that both the epidemics had a limited impact on the Singapore property market. Fear and uncertainty have always been the norm when prices drop at the beginning of the epidemic.


During the SARS epidemic in the year 2003, the prices and sales volume picked up. Once it is over, rebounded is quite substantially, that you hardly had time to react to it.


And history repeated itself even during the H1N1 epidemic in the year 2009, when prices and sale volume bounce back when it was over.

Historically has indicated to us that the epidemics have a limited impact on the Singapore property markets. We have seen in the short term, that they do affect the markets, and economic growth, however, it does not affect the fundamental attractiveness of real estate as an investment.


Once it is over, everything will go back to normal, and people plan to reinvest their excess funds will resume.