We will examine the worst-case domino effects of a severe U.S. recession on Singapore's property sector, including the financial contagion, capital flight, job losses, rental market collapse, and crisis of confidence that could collectively trigger a property downturn unlike anything seen since the 1997 Asian Financial Crisis or the 2008 Global Financial Crisis due to sub prime mortgage.
I will discuss the following:
1. Global Financial Contagion: Liquidity Freezes and Capital Flight
2. Massive Job Losses and Business Failures
3. Collapse in Rental Market from Expats Leaving
4. Panic Selling and Market Psychology Spiral
5. Developers Pulled into Crisis
6. Foreign Buyers Dry Up
7. Government Intervention – Too Late?