Oil at US$120: Property prices

In Economy, Property on 22/03/2011 at 5:42 am

Well if oil goes to and remains at US$120, we could have a recession in the West and a recession here will follow.

We are told that there is plenty of private property coming on stream in the next few years, and that Mah Bow Tan is building HDB flats like crazy to compensate for his goof-up in not ramping up supply when the government was allowing FTs in.

We could be in for some sharp falls if there isn’t unrest in Malaysia and we see another influx of M’sian Chinese into S’pore as we saw in 2008.

  1. if it is true, do you think property price will come down?

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