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Singapore's first-time homebuyers in a bind as public housing prices close in on record levels asiaone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaone.com Daily Mail and Mail on Sunday newspapers.
December 21, 2020 Private residential buildings in Singapore. Roy Issa Singapore may be undergoing its worst recession since independence, with retrenchments and job losses at record levels, but property-obsessed Singaporeans are still queuing up to buy multimillion-dollar homes. While the coronavirus pandemic , which has killed more than 1.6 million people worldwide, had hit the pause button on ever-increasing price rises, analysts predict Singaporeans will resume their love affair with property as vaccines come on stream and the country moves into the third phase of its reopening later this month. One big reason why prices had dipped were lockdown measures that prevented people from going to showrooms to view property launches, but experts now expect the market will rebound next year as Singapore continues to open up.