Singapore's Empty Office Party
Plenty's gone wrong, but investors are coming back. Look to interbank rates for the answer.
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Everything that could go wrong for Singapore's commercial property market already has.
The city-state's export-driven economy is slowing, banks are shrinking, industrial production is sputtering, home prices are falling, and consumers are the glummest in seven years. To make matters worse, tourism and hospitality businesses are being threatened by the Zika virus, which has infected more than 300 people on a crowded island of 5.5 million inhabitants.