New private homes in Singapore seen as a safe-haven asset amid outbreak, looming recession

Singapore property could be a source of stable investment returns for investors spooked by swings in the stock markets as a result of Covid 19 fears. The US Federal reserve has cut interest rates to near zero to boost spending, leading to low borrowing costs. This low- interest rate environment may be beneficial to prices of real assets including property. On the back of strong sales numbers in February 2020 despite the Covid 19 fears, Singapore’s property market is a valuable option for investors aiming to rebalance their portfolios. The Garden Residences would be an attractively priced entry point into Singapore’s property market.

Source: https://www.straitstimes.com/business/singapore-new-private-homes-seen-as-a-safe-haven-asset-amid-outbreak-looming-recession

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