In the last few days, an article published in Forbes magazine on the housing bubble in Singapore and its comparison to the bubble in Iceland has circulated widely. In the new millennium, Iceland banks had grown far bigger than the economy of Iceland itself. When the global crisis struck, property values plunged and Icelandic banks collapsed. So did the country’s economy. Hence, by putting Iceland in the title, the author succeeded in attracting attention.
Tagged in:
Additional Buyers Stamp Duty ABSD
Annaul compounded growth
Banking Finance and Insurance Industries in Singapore
Borrowers Monthly Income
Foreign Direct Investment FDI
Housing interest rates
Monetary Authority of Singapore MAS
Residential property Price Index
Sellers Stamp Duty SSD
Singapore Consumer Price inflation rate CPI
Singapore Gross Domestic Product GDP
Volumne of Housing transactions