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Colliers International Singapore has delivered its verdict on Tuesday's budget, saying the measures handed down by the government should address longer-term global challenges and structural shifts.
Tuesday's Singapore budget contained a slew of "generous" measures that should benefit the retail property sector in the near-term and industrial properties over the longer term, Colliers International says.
The financial policies announced by Deputy Prime Minister and Finance Minister Heng Swee Keat for the coming year included specific initiatives designed to address the coronavirus outbreak, with the allocation of SGD5.6 billion under two packages – Stabilisation and Support Package, and Care and Support Package.
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