Priyesh Shah looked at more than a dozen high-end apartments in Singapore as he searched recently for a permanent home for his young family. The New Jersey native has worked in Singapore for eight years and, like many others, hoped the coronavirus-triggered economic downturn would be a good buying opportunity.

Instead, the tech professional found that prices had barely budged and that many new condos were quickly being snapped up. “It’s a stable market without any ridiculous deals,” says Mr. Shah. “I don’t think it works…

This post first appeared on wsj.com

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