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Too soon to buy property and tours

Asia One
Too soon to buy property and tours - buy - property - Sinagapore - economy - condominiums

I AM worried about two emerging trends that may cause people to believe that the worst is over for Singapore?s economy.

Firstly, there is an overwhelming response to the sales of condominiums across the island.

Secondly, there is a rush for tours and travel packages, as witnessed by the huge crowds at a travel fair in Suntec Singapore earlier this month.

This is going on in spite of the economic downturn that has wiped out millions of jobs around the world, including the loss of 18,260 jobs here in the first half of the year.

Conditions may deteriorate further if our exports continue to languish. If the outlook of our key export markets, the United States and Europe, does not improve, then multinational corporations are unlikely to invest here.

This will affect Singapore?s ability to pull out of the slump, which could lead to further retrenchments in the months ahead.



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