Saturday, January 08, 2022

Top property developers in China

Here are the top property developers in China. Report.

I analyzed the financial indicators for them below.

I expect the property market in China to stabilize. There was a recent announcement from the regulator that made it possible for existing developments in strong financial position, including several state owned developers, to take over the projects of weak developers (such as Evergrande) and to complete them.

The new regulation stipulated that the debts of these projects will be excluded from the computation of the debt ratio of the rescuing developer from the "three red lines".

Friday, January 07, 2022

WOTC - No right to insist that all workers have to be vaccinated

 Wisdom of the Crowd: 63% of the respondents said that it is not right for the government to insist that all workers have to be vaccinated.

How the e-CNY will be transacted

I expect that China will promote the use of the e-CNY for international trade in the following way:

Investing CPF savings in a property


Summary of the key points in this article.
1. 13% of owners who sold their property are not able to return the CPF savings together with interest at 2.5% p.a.
2. They are not required to top up the shortfall (lucky for them)
3. They lose the cash that they paid towards the purchase of the property entirely. The amount depends on each individual owner.
4. However, they enjoyed the benefit of living in the property, i.e. they do not have to pay rental.
5. At one time, people think that purchase of a property will lead to a big gain, plus a free stay in the property. This does not apply to 13% of the home owners now. Property investment is not as attractive as it was a few decades ago.

Thursday, January 06, 2022

WOTC - Taxi

 Wisdom of the Crowd: 56% of the respondents prefer a taxi driven by a human, rather than an autonomous taxi.

Wednesday, January 05, 2022

WOTC - Self driving taxis

 Wisdom of the Crowd: 67% of the respondents said that it will take more than 5 years for self driving taxis to be popular.

Tuesday, January 04, 2022

WOTC - Will countries transact in CNY?

 Wisdom of the Crowd: 50% of the respondents said that most countries will trust and transact in CNY as it is likely to be more stable than the USD.

Monday, January 03, 2022

WOTC - Loh Kean Yew

 Wisdom of the Crowd: 82% of the respondents said that they are proud of Loh Kean Yew who won the badminton championship for Singapore, although he was born in Penang. He came to Singapore at an early age and served national service.

My loss in US growth stocks in 2021

 I invested $709,354 USD in US growth stocks in 2011. I suffered a paper loss of $286,822 on these stocks.

I realized profit on these stocks in 2020 and on sales made in 2021 which were not included in the above calculation. Overall, my gain might have covered the losses.

I did make a substantial gain on my investment in Tesla. This gain is not shown above.

Read this post for more details.

Will the stock market crash in 2022?

 The financial media has many experts making all kinds of prediction for the stock market in 2022.

Many experts expect a crash or a correction in 2022 due to inflation, leading to higher interest rate and a slowing economy.

Others expect the economy and the stock market to remain steady. Few are expecting spectacular growth in 2022.

I give my perspective.

Sunday, January 02, 2022

Wisdom of the Crowd - New Issues

1. Who is the biggest liar?
2. Should Singapore reduce its defense spending?

Vote in

WOTC - Omicron

 Wisdom of the Crowd: 70% of the respondents said that omicron will be mild and will not cause many hospitalization and deaths.

WOTC - Beijing Winter Olympics 2022

 Wisdom of the Crowd: 77% of the respondents said that China will wow the world with the Beijing Winter Olympics in 2022. It will not be affected by the diplomatic boycott by some countries.

Blog Archive