Condo resale prices and sales drop in February, hurt by coronavirus outbreak: The Straits Times
Non-landed private residential prices had taken a hit in February this year due to three main reasons – Convid-19 outbreak, seasonal slowdown during Chinese New Year period and increase in supply due to new launches. Prices and transaction volumes both fell by 0.8% and 13.1% respectively for the month of February, registering the biggest month-on-month price decline since the drop of 1% in October 2016.
Source: https://www.straitstimes.com/business/property/condo-resale-prices-and-sales-drop-in-february-hurt-by-coronavirus-outbreak
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