Why have so many people been saying that Properties and Finance is the leading factors of Singapore's recovery?
Post your views and understanding relating to the economic and biz investing view.
cos u need finance to buy properties lol. if people buy properties, it will benefit sg economy. banks also earn money, so why not
I understand that buying properties and having the finance capability will benefit Singapore Economy. However, why is it the leader out of all the sector in bringing Singapore out of recession?
There are so many leading factors that can provide the push, but why the main push be coming from these 2 sectors?
For e.g., MAYBE finance is a strong leader bcoz without banks, many biz are unable to operate and maximize their capability to expand their companies. A strong banking shows that the country is getting stronger as companies are willing to borrow more money and take the risk for expansion. Showing that the country has start to stablize.
MAYBE properties is the main indicator of showing that Singapore consumers feel the willingness in spending money.
However, how and why does properties and finance so inter-link with Singapore economic? And therefore causing it to be the frontier and leading factor for it. Why not other sectors?