[ArielCasper]

Property was dirt cheap in 1987 to 1990 lah. Boat quay shophouses only $250k each. Now $25m upwards!

1987 to 1990 Asia Financial Crisis, of coz cheap lah. But also a period where the gap between sinkie land richest and poorest man is the most narrow.

[babygirl]

1987 to 1990 Asia Financial Crisis, of coz cheap lah. But also a period where the gap between sinkie land richest and poorest man is the most narrow.

[Levin]

1987 to 1990 Asia Financial Crisis, of coz cheap lah. But also a period where the gap between sinkie land richest and poorest man is the most narrow.

The Asia Financial Crisis should be in 1997-1998 and then followed by the dotcom boom (and bust), not 1987-1990.

The gini-coefficient for the last few years has been low for Singapore. Lowest this century at 0.35 in 2020 and 0.36 in 2021 most probably due to the pandemic. No data from 2022 yet.

[ArielCasper]

The Asia Financial Crisis should be in 1997-1998 and then followed by the dotcom boom (and bust), not 1987-1990.

The gini-coefficient for the last few years has been low for Singapore. Lowest this century at 0.35 in 2020 and 0.36 in 2021 most probably due to the pandemic. No data from 2022 yet.

My bad. Yes, AFC should be 1997/98. Any crisis during 1987/88? Property prices don't drop fro no reason

[Blin]

My bad. Yes, AFC should be 1997/98. Any crisis during 1987/88? Property prices don't drop fro no reason

911 notdumb is correct 2002 , people park centre up stair one unit $400k only .

[Levin]

My bad. Yes, AFC should be 1997/98. Any crisis during 1987/88? Property prices don't drop fro no reason

Property prices dropped from 1983 to 1986 and shoots up from there until 1996 for around a decade. The chart is in the first link below.

I remembered there was one recession in Singapore in 1985. The second link below provides the reason.

https://isr.sg/singapore-property-blog/2...from-1975/

https://eresources.nlb.gov.sg/history/ev...%20numbers.

[ArielCasper]

911 notdumb is correct 2002 , people park centre up stair one unit $400k only .

But notdumb say 2000sf bishan garden unit at 400k woh..

People park centre up stair one got 2000sf? Also in 2004, the units should be at least 20 yrs already?

[ArielCasper]

Property prices dropped from 1983 to 1986 and shoots up from there until 1996 for around a decade. The chart is in the first link below.

I remembered there was one recession in Singapore in 1985. The second link below provides the reason.

https://isr.sg/singapore-property-blog/2...from-1975/

https://eresources.nlb.gov.sg/history/ev...%20numbers.

Great.. at least some of us here get to learn that there was a recession in sinkie land in 1983 to 1986.

[Clyde]

Property prices dropped from 1983 to 1986 and shoots up from there until 1996 for around a decade. The chart is in the first link below.

I remembered there was one recession in Singapore in 1985. The second link below provides the reason.

https://isr.sg/singapore-property-blog/2...from-1975/

https://eresources.nlb.gov.sg/history/ev...%20numbers.

During the early 80s many foreign companies were given 5 years tax concession for setting up factories in Singapore. By 1985 the tax concession ended and many factories moved out of Singapore. The second link did not elaborate on this. I remember many students could not land a job after graduating from poly.

[Levin]

Great.. at least some of us here get to learn that there was a recession in sinkie land in 1983 to 1986.

I knew about it from a colleague after I started working in the 1990s. He was laid off from the construction sector as the construction boom ended in the mid 1980s and told me about it during one particular lunch back then.

[sogo]

Actually is money printing from USA. Free money created since 2008 so there will never be recession. Just inflation