Donald Trump has been selected as the 45th President of the United States after beating Hillary Clinton, in one of one of the most divisive elections in modern United States background.
The win has shocked the World and also United States with currencies set to fluctuate significantly. Since this mid-day, the Singapore dollar is trading at S$ 1.39 against the US buck.
"Much like the effect of Brexit, the outcome of the US presidential election is most likely to trigger further uncertainty in regards to the international financial healing and also is most likely to lead to a rush towards safe haven assets," said Nicholas Holt, Asia Pacific Study Head at Knight Frank.
"Along with gold as well as triple-A rated government bonds, prime realty in vital international city markets is likely to see an uptick in passion."
"Today's Trump triumph is likely to create market trepidation worldwide. Many firms as well as financiers might planning to move their investments and also business, at least in part, from the US to safer places." Said Ohio-born Jean Liggett, CEO of UK real estate agency Quality of the World. Trump's success would likely influence arising markets in Asia that are heavily tied to The U.S.A.'s economic situation and the United States buck.
"Cambodia, for example, where property is transacted in United States dollars, could see home values drop because of the expected decreases in the greenback. This is most likely to bring in residential or commercial property financiers, drawn by the fairly lower prices," he claimed.
Hari Krishnan, CEO at PropertyGuru Team, added: "We expect the property market in Singapore and the area to see soft rises or even declines, as capitalists adopt a wait-and-see attitude to see just how the dirt settles."
