singapore has indeed been in a technical recession the second in
asia after new zealand.
aint LKY and Tharma reasurres us that we are in a good shape? in
such a good shape that we are second in asia to be in
recession?
anyway, watch for next support for STI at 1800. if that cant
hold, good luck!.
if you think property prices are still going to hold, think
again.the property bust will come to singapore sooner than
expected. with job losses from banking sector, manufacturing
sector, services industry on the rise, thus freezing bonus,
increment and salary cut. it wont be long before and exodus of
downgraders from Mid tier private property down back to
HDB.
hold on to your HDB apartments. so far this is the best bet
to hold on.
Heil Hitler!!
This may be the sign of worse things to come.
Singapore's export driven economy is the first to suffer among
Asian countries despite the government's efforts to diversify the
economy.
People keep having this perception that HDB prices will hold or
at worse drop by a little but I am skeptical.
It could get very ugly come 2009. 
