13-02-2023, 12:22 PM
(13-02-2023, 11:31 AM)Levin Wrote: 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.