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

[sreinfo]

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


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?

[Arcachon]

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

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?

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