Lee Kuan Yew the “forecaster” – but doesn’t even know what happened last year. Property prices went down last year??

“Let me tell you what happens when we slow down too much. You get the reverse spiral. Low growth, maybe even zero growth. Last year we had minus two per cent. Prices go down, property prices go down, incomes go down, you can’t refurbish your houses, no new SERS, no upgrading and the country goes down.”

MM Lee Kuan Yew

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