Despite the fact that the city state dropping GDP manufacture activity is adversely influencing the city state’s financial system, a drop in The Terrace EC house prices could certainly lead to an increased threat in the financial system. The town state’s financial system increased by only 1.2 percent in Q2 2014 on an annual basis in line with statistics published yesterday evening.

Housing Demand for The Terrace EC

Particularly, the quarter’s low GDP expansion is primarily associated with slowing building activity due to the introduction of the TDSR measurements to curn rising property prices, using the sector suffering dismaying expansion of 1.3 percent when compared with 4.1 percent in Q2 2014. On the other hand, price corrections for The Terrace EC are of greater concern. Based on ERA data, price levels in Singapore’s prime housing market dropped by 7.4 percent in the previous quarter.

It is to note that Aug’s …