Cleaners, our silent Heroes

Everyday we struggle a little under the constraining measures of the circuit breaker. We cannot visit shopping malls; they are closed. No dining with friends. Young ones bemoan no bubble tea. And even younger ones cry for their playgrounds. Only when we are done with the complaining, we begin to realise the important stuff that matters has continued as normal.

All around me, Food and Cleanliness is uninterrupted. Supermarkets operate. Hawkers and restaurants continue to feed take-away patrons and supply delivery riders. The condo estate remains clean and litter-free. Even the pathways are swept clear of fallen leaves every morning.

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Freehold condo on sale at $922psf showing signs of property stress

While volume of transactions has declined over the past few months, prices have only dipped 1.2% in the first quarter of 2020. Somehow the numbers do not match the gravity of Covid-19. Why so?

The illiquidity of properties makes it slow to price in market factors. It normally requires six to nine months of lag period to gradually adjust towards where majority of buyers are willing to match sellers.

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