01-01-2017, 11:07 PM
The exchange rate at 31 Dec 2016 was USD= 1.44 SGD. But in 1980 , the exchange rate was approx USD= 2.2 SGD.
So I think the real appreciation in Singapore property is 837% x 2.2 /1.44 = 1278% .
So I think the real appreciation in Singapore property is 837% x 2.2 /1.44 = 1278% .