Property launches may be delayed amid an immediate drop in sales volumes, but the analysts don't expect aggressive price cuts as Singapore's developers are generally cash rich.
Locally, however, the natural disaster caused a drop in sales in the Northeast as power outages delayed transactions and some lenders demanded new inspections post-storm.
Freeport blamed this drop largely on changes to mine plans at the Grasberg mine in Indonesia, which delayed access to higher-grade material, and a slower-than-expected ramp-up at the Deep Ore Zone underground mind.