I know for certain that property prices will drop, so far it has been trending upwards when it is so obvious that a recession is looming. I can't remember how it affected other things like photography equiptment, or even clothing. I do remember that there were some hawker stalls selling food at very cheap prices. Point to note, we are not talking about theory here. Unlike the last recession, the SGD is not taking a hit.
Can you all recall what happenned in the last recession?