Singapore Economic Outlook: Non-oil Exports fell 14% in August 2008: Singapore Property Market Outlook

Blog Visitors' Comments
Condo Search's comment..
I just drop by to say "thank you" for your excellent blog, and safe me from committing at a high price and wrong time buying. It helps me a small property hunter(with hard earning money) and others(i believed)a better inform. Thank you again...

Young Buyer's comment...
I've just graduated and started working, and I hope to own a residential property in Singapore after 2010/2011. So I'm starting to do my Singapore property research now. I have never come across such a comprehensive coverage on the Singapore property market, and I thank you for enlightening readers like me who want to know more :) Keep up the good work!

Honest's comment...
Your blog has provided a honest information on the local property scene.

Young Expat's comment...
i am an overseas expat who moved to singapore a year ago and started looking out recently for property to buy as rentals started to rise all around me..i was advised to follow ur forum and since then have been impressed with all the wonderful tips exchanged in this portal..thanks to all the contributors.
(Smart Buyer, the blogger here, would like to say many thanks to all these unsung heroes too)

Red's comment...
I think your reply give a rational explanation on my question. You are indeed a smart buyer and very knowledgeable.

Anonymous's comment...
Whoever you are, thanks for the public service by starting this blog. Great Info!!!

Kate's comment...
This is a great blog filled with latest news, historical insights and good opinions that gives direction. Not the sitting on the fence type of 'pc' opinions. I love this blog. Please keep up the good work! You are really doing Singaporeans a big favour! Thank you!! I will keep on reading.

Phantasia's comment ...
Hi smart buyer, Just wanna say thanks for your response to my query earlier in another post. And also for the very informative blog! Have learnt much from your postings! Thanks for sharing.

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What do these sign-posts point to for the Singapore property market in 2008, 2009 to 2010 ? ...Posted by Rondy

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Bad investments are made in Good Times
Looking at the subprime problem, it is definitely a bad news that will take time to filter down. The falling US$ is another problem that will hit the US economy. China and HK property and share mkt are 2 big bubbles.. Beware !!...Posted by km
(This post contains km's first-person account of the 1998's property market crash and all the troubles that came with it - soaring mortgage rate, vacant properties with no available tenants, banks pressing for top-ups as property valuation dropped, ... his story has a happy ending of course. He'd share with you openly the lessons learnt.)

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Solvency Worries
STALK CREDIT-DERIVATIVES MARKET. They are now talking of SOLVENCY, not just LIQUIDITY issue .......it's really quite serious now....Posted by Anonymous
Having a house which has a big loan is a liability at this global trouble time.
So far the market is still moving down slow due to the reason that many of the countries are injecting funds to buy part of the share of the banking market. The negative news continues to rise. The money is better leave in CPF and local banks to grow interests....Posted by Anonymous

In every bubble market, there is always a reason or beautiful picture that lead people to "Over-paying" for the assets.
In the 1990's, our govt forecast gowth of 10%,..our govt was so optimitic abt the market that they even proposed to link up our MRT to JB, malaysia...crazy now but then at that time, everything was so bullish. ....Posted by Sotong

During the 1995 -1998 period, the same scenerio arise..
Many people cant get the HDB flat. There was the ballot system and it is just like "ti-kam", 1 out of 8 can get to buy. Due to this flocked system, many people, including those who are not so keen buyer also join the Q, paying $10 as a ballot fee, when they get balloted, then ......Posted by Anonymous

Main cause of today's boom is the massive rate of enbloc dislocation...
Once the enbloc pace slows down, I think we may not see any huge upside anymore now that we have largely surpassed the 90s; peak....Posted by Oct10

This market is definitely driven by greed and liquidity.
I have never seen anything like it in my lifetime. Property prices goes up as fast a the stock market. This market is definitely driven by greed and liquidity in the asian market. What goes up must come down!...Posted by rob-502

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Thursday, September 18, 2008

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Singapore Economic Outlook: Non-oil Exports fell 14% in August 2008

Singapore's non-oil exports fell 14% in August year-on-year as slowing global economic growth cut consumer demand for electronic goods. The drop in exports was led by electronic goods which fell 19%. Pharmaceuticals also fell by 9.6%. Exports, however, rose 2.0% compared t0 July 2008. Singapore government cut its 2008 economic growth forecast last month to between 4-5% on expectations of falling consumer demand in the U.S., Europe and Japan. Exports fell 5.8% in July 2008 year-on-year. The continuous decline in August raises the probability of a technical recession in 2008.

May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
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

For Prudent Investors & Home Buyers

Thursday, September 18, 2008

Singapore Economic Outlook: Non-oil Exports fell 14% in August 2008

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