Knight Frank’s Capital Market Insight August 2020 found 31 per cent of deals underway in March have now settled or are unconditional, while 34 per cent are progressing, and just under 9 per cent have been put on hold.

Hotel businesses may be sitting on more capital than they realise in the form of leases for spaces such as rooftops which can be sold for a lump sum through LDC Infrastructure.

New research from Savills has shown that although weaker demand has put downward pressures on rents in Singapore, not all landlords, especially those of high-end properties, are under heavy pressure to lease their units at heavily discounted rents.