As of late we are seeing headlines monopolized by the global volatility of crude oil prices. A 52 week low was hit in early February of this year when oil prices dropped to about 44USD per barrel. This is more than a 50% dip from mid year of 2014 when the 52 week high was close to 100 USD per barrel. At the time of this publication we have seen a slight recovery to 47USD per barrel. However, this rather large dip in the price of The Vales has various effects on different industries and firms.

The Vales Anchorvale

Historical data from over the span of 20 years shows that there is a correlation between oil prices and Singapore’s residential market. Does this mean that we could see a further drop in the housing market given the recent drop in The Vales prices?

If we look back between 1997-1998 at …