"Real Estate Sector Now On Shaky Ground"
The effects of the lockdown on agencies have been immediate and severe.
Agents are allowed to operate online, but it is very difficult to sell a property that hasn't been physically seen.
"There are four legs to the table: the deeds offices, the home-loan divisions of banks, conveyancers and real estate agencies. The other three cannot operate without real estate operating," says Seeff.
(Source: May 17 2020 - Business Times, Sunday Times)