Property In the Time of Covid-19: Guide for Property Owners, Buyers and Sellers in Singapore

Covid-19 Singapore Skyline
This guide is intended to help you navigate the effects of Covid-19 on Singapore's property market, whether you are a property owner or someone seeking to buy or sell property during this Covid-19 situation. How are you and your real estate investments affected by changes in government policy, macro-economic environment and property market sentiment? We will post regular updates as the situation changes.

Webinar by ERA COO, Marcus Chu: 5 Essential Insights That Will Affect Your Property Investment from Great Covid-19 Lockdown

Brief Summary | Jump to Video

5 Stars (Positive Signs):

  1. Early signs of tapering Covid-19 numbers, economic recovery and opening up
  2. Covide Slide 1

  3. Early signs of global stock market recovery
  4. Covide Slide 2

  5. Singapore property market in 2020 will not behave like it did in the Global Financial Crisis of 2008
  6. Covide Slide 3

  7. Singapore government is willing to do "whatever it takes" to avert property fire sales
  8. The next property wave is coming

3 Windows of Opportunity:

  1. Quantitative Easing: Increase in money supply will see more money channeled into property
  2. Interest Rate: Sharp fall in interest rates translates to cheaper housing loans
  3. Exchange Rate: Fall in Singapore Dollar against US Dollar, making Singapore property cheaper for investors holding USD and other strong foreign currencies

To receive a copy of the presentation slides and/or updates on property that are as much as $200-300 PSF below market value, please register your interest below.


21 April 2020: Download Singapore government press releases here

Keep updated on the latest Singapore government policies related to Covid-19
Ministry of Trade and Industry
Tightened List of Essential Services and Measures for Workplaces Which Remain Open
Ministry of Finance
MOF Press Release - Support Measures for Extended Circuit Breaker
Jobs Support Scheme - Infographic (21 Apr)
Additional Support for Circuit Breaker Period - Infographic
gov.sg
Households Disbursement
Business Disbursement (Updated)


Q&A: How Does Covid-19 Affect Me?

I am a Property Owner

From 6 April 2020, you may apply to your bank to defer payment for your residential property loans until 31 December 2020. The deferment applies to the principal payment, or both the principal and interest payments. Interest will accrue only on the deferred principal amount, which means that no interest will be charged on the deferred interest payments. To be eligible, you must not be in arrears for more than 90 days as at 6 April 2020.
Additionally, interest rates have decreased significantly so it may be a good time to re-finance your home. You could be saving hundreds every month, thousands every year! WhatsApp for the latest bank rates.

I am a Property Buyer

Showflats are closed since Tuesday, 7 April 2020 and house visits for viewings are not allowed. However house moving, sales completion and start of tenancy are all classified as essential activities. Buyers and renters are still continuing to enter deals via videos and virtual tours. Most of our resale properties and showflats have photos, tours and/or videos available. Visit our Virtual Tour/Video Link Page or our Property Fishing Youtube Channel
WhatsApp if you have something specific in mind, we can give you tailored options.

I am a Property Seller

We are still able to market your property through photos, videos, virtual 360 tours and video conferencing to conduct live viewings remotely using video conferencing apps such as Zoom. Please WhatsApp us for more information.

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