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View Full Version : What happens to property market if GDP is within 1-3% (as forecasted)?



sreinfo
17-02-12, 19:15
Singapore GDP grew 4.9% in 2011 (http://www.singaporerealestate.info/blog/2012/02/16/singapore-gdp-grew-4-9-in-2011/)

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%.


- See Press Release from MTI (http://www.singstat.gov.sg/news/news/gdp4q2011.pdf)


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, curious about how the property prices performed in those years (http://www.singaporerealestate.info/blog/2010/04/08/singapore-property-price-index-1960-to-2010/)?

Arcachon
18-02-12, 01:12
Singapore GDP grew 4.9% in 2011 (http://www.singaporerealestate.info/blog/2012/02/16/singapore-gdp-grew-4-9-in-2011/)

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%.


- See Press Release from MTI (http://www.singstat.gov.sg/news/news/gdp4q2011.pdf)

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, curious about how the property prices performed in those years (http://www.singaporerealestate.info/blog/2010/04/08/singapore-property-price-index-1960-to-2010/)?

Remove all the CM and you will know what happen. Property price depends on lots of factor, GDP is only one of it.