A few letters were published in the newspaper recently, warning about the high stock and property markets. Government leaders have also expressed a similar view. They warned investors about the over-extended markets.
I wish to add one point point - which has not been covered. The Singapore stockmarket is small, compared to global standards. We are highly dependent on the foreign funds.
When the foreign fund decide to move out of the Singapore market, it will be swift, massive and unexpected. It has happened like this, on several occasions in the past.
If you are invested in the global stockmarket, you will not suffer this kind of volatility. But, if you are in a small market, including Singapore, you will be exposed to this risk.
We do not know when this may happen, and what may trigger this. Do be careful.
Dear Mr. Tan,
ReplyDeleteI agree with you. Property prices and increasing and so are rents. For example, i pulled the advertistment below from the internet. My only concern is, how could someone rent out their bomb shelter as a form of accomodation? I feel this is degrading and purely motivated by money. We should educate people on renting in Singapore and not to be fooled by irresponsible landlords.
Please highlight this as a new topic. There are too few voices championing the People. Your's is one good example.
Nice utility room for rent @ Toa Payoh Blk 13 Lorong 8
Fully furnished, no aircon
Owner asking for $300
Pls call Alan @ 93861148 to arrange for viewing