OCBC CEO still upbeat on Singapore's property market

Long-term demand is still intact.

OCBC's Chief Executive Officer Samuel Tsien expects the country’s property market to improve amid the biggest economic contraction since 2012, according to a report by Bloomberg.

“The long-term prospect for the Singapore property market, both on the residential and commercial side, I think continues to be attractive,” Chief Executive Officer Samuel Tsien said in an interview at the Singapore Regional Business Forum on Monday.

“Right now, the interest is less robust, partly because of the general economic slowdown, partly because of certain measures that were taken,” Tsien said. “Long term, the demand will definitely be there.”

Read the report in full here.