Monday, September 22, 2008
About this Blog
Just in June 2008, Tharman Shanmugaratnam, Singapore Finance Minister, has said that Singapore is not heading for a recession in 2008. But the continued decline in exports has now raised concern about a possible recession. In an e-mailed response to an Associated Press inquiry, Tharman said that a recession "cannot be ruled out".
Singapore's Trade Minister Lim Hng Kiang was quoted as saying the economy may grow below the government's forecast of 4%-5% this year as the global credit crisis hurts demand for exports.
May also want to read:
History of Singapore Property 1960 to 2008
HDB Resale flats Price Index 1990-2008: Graph & Chart
Property Price Index Graph Plotter & Online Property Valuation
Your Property Investment Determines Your Financial Success in Your Life
HDB Resales: West Sees Highest Price Increase
Singapore Government: Recession not rule out as Singapore exports fall
A decline in Singapore's August exports, the fourth straight month of decline, has raised the risk of a technical third-quarter recession.Just in June 2008, Tharman Shanmugaratnam, Singapore Finance Minister, has said that Singapore is not heading for a recession in 2008. But the continued decline in exports has now raised concern about a possible recession. In an e-mailed response to an Associated Press inquiry, Tharman said that a recession "cannot be ruled out".
Singapore's Trade Minister Lim Hng Kiang was quoted as saying the economy may grow below the government's forecast of 4%-5% this year as the global credit crisis hurts demand for exports.
May also want to read:
History of Singapore Property 1960 to 2008
HDB Resale flats Price Index 1990-2008: Graph & Chart
Property Price Index Graph Plotter & Online Property Valuation
Your Property Investment Determines Your Financial Success in Your Life
HDB Resales: West Sees Highest Price Increase
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The blogger here has been affectionately named by close allies as "Smart Buyer" but really, he's not smart. Smart Buyer just believes that being prudent is smart. That's the essence of the message of this blog and Smart Buyer hopes it'll benefit other property buyers.
Smart Buyer :)