Isn’t that just amazing when the whole world is getting into a recession kind of thing?
‘There are many restaurant segments priced above us. In this downturn, we are seeing customers trading down from pricier restaurants to our outlets,’ he said. – Excerpt from Straitstimes Online
Well this is the second time I have read something like this. Something like that happened for the property market too, when people started to take profits on the more costly condos in the CBD and opted to buy sub-urban condos… so I believe at one point of time, condo prices in CBD tank while the sub-urbans one actually increased (as people always need a place to stay….)
Hmmm.. .maybe if this economy persists… HDB will start appreciating… while the sub-urban ones will tank (they are already tanking… just now sure if HDB are appreciating…)