As we head into the second phase of the circuit breaker in Singapore, things are looking to be slightly more positive in the near future.

Retail shops are gradually reopening, bubble tea shops are back, and to the delight of real estate agents all over Singapore – showflats and viewings are now allowed again.

But even as we rejoice in the small wins, it is hard to ignore the impact that Covid-19 has had to the economy. And as everyone starts to adjust to the new “normal”, the truth is that many are still uncertain about the real estate market moving forward.

Credit: 1234

Recently, I had the chance to attend a webinar that featured Vijay Natarajan, an assistant vice-president of real estate at RHB. For those of you who don’t know him, his views have been featured in the Business Times as well as on MoneyFM 89.3 (if you need some insight into his credibility).

More importantly, it was on a current trendy topic that many of you would no doubt be interested in:

What will happen to the Singapore property market in light of the Covid-19 situation?

Let’s first begin with the market overview.