Singapore Real Estate Properties

S'pore will continue to grow even if recession hits: MM Lee

SINGAPORE: Minister Mentor Lee Kuan Yew said Singapore would continue to grow even if the world economy slows down in the coming years.

Speaking at a community event at Tanjong Pagar GRC on Sunday, he said there are enough foreign investments in Singapore, such as the two upcoming integrated resorts and next year's Formula One race, to make sure that Singaporeans have jobs.

For many Singaporeans, older generation leaders like MM Lee have laid a strong foundation for the country.

But Mr Lee said it may not be all plain sailing ahead for Singapore in the years to come.

He said: "There's a real possibility that next year or a year down the road, prices will go out of control. America goes into recession and stops buying so much. China stops exporting so much. India stops exporting, and we will also stop exporting.

"Don't just believe everything will go up. Those who have lived long enough know that this is not true. So please remember to diversify your assets."

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