[Singapore] Real Estate: "Recession? Not in my dictionary"
Source: CNA Insider @YouTube
While Covid-19 had wreaked havoc around the world and caused a global recession, the real estate prices seem to have gained early access to the “vaccines” and are going strong against all economic headwinds.
According to the video, one key contributor is due to the lack of options for investment in the current gloomy economic environment. Because of this, there is a lot of liquidity in the market and investors need to find a place to put their money. Low interest rates also plays a big part in this property price bull run.