Category: Economy

S&P rating downgrade for US

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This is a week of roller coaster ride, sparked off by the Standard & Poor's downgrade of the US rating from AAA to AA+. For ages, never has a country whose currency is world reserve currency being downgraded. What are the implications for the Singapore property market? Let's look at how the US market reacted [...]

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Japan’s Calamities

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It is a very unfortunate situation for Japan to go through so many testings all at the same time. After the 8.9 richter scale shocking earthquake, a killer tsunami pratically wiped out the costal towns along its path. To top that up are the problems with the nuclear reactors at Fukushima Daiichi. If that is [...]

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2011 – Five key trends in real estate market

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As we start 2011, forces are shaping up for an eventful year ahead in the Singapore real estate market. We may go off the mark on these trends as the year is long but we hope that we can contribute a better understanding of the real estate market here. Trend 1 – Higher interest rates [...]

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2010 – Exceptional year

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Singapore chalked up an impressive 2010 economic growth of 14.7%. This is the 2nd highest in the world, after Qatar. It is an exceptional year and the growth came in the wake of the recovery in US from the sub-prime crisis. Going forward, growth is expected to moderate to 4 to 6 percent according to [...]

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