Page 3 - Build Strong Resilience in the Real Estate and Construction Sector

many investors expected a
more positive outlook until the
untimely arrival of the coronavirus
(“coVid-19”). economists predict
that this downturn could be more

severe than the 2008 global Financial
crisis. closer to home, singapore’s
economy has contracted by 2.2 per

cent in the first quarter of 2020.

the coVid-19 pandemic has forced
multiple jurisdictions to go into
lockdown, and has invariably impacted
real estate and construction (“rec”)

related activities in singapore,
especially with the extension of
the circuit Breaker till 1 June 2020.
despite this challenging outlook,

we believe that there are measures
businesses in this sector can take to
stay resilient.

Prominent real estate players are
more than willing to share how they

are strategising to emerge stronger in
a post coVid-19 world.

Build strong resilience in the real estate and construction sector amidst the challenging outlook 3