How's The Market?
Singapore GDP grew 4.9% in 2011
February 16, 2012 by Admin · Leave a Comment
2010 = 14.8%, 2011 = 4.9%, 2012 (forecast) = 1 to 3%
Manufacturing, Finance & Insurance grew the most.
Visitor arrivals expanded 13.1% and Consumer Price Index rose 5.2%.
Based on the latest forecast for 2012, we see that the last time Singapore economy grew within the range of 1-3% was in 2008, followed by a -1.0% in 2009.
Prior to that, 2001 saw a -1.2% and 1998, -2.2%
Further back, in 1986, 1.3% and the year before, -0.6%
Now, how did the property prices perform in those years?
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Our company has had more than 30 years of experience dealing in public and private residential, commercial and industrial properties in Singapore. Portfolio includes international schools, major MNCs and many renowned individuals.