Retirement in a foreign country is the dream of many. It is expensive to live in Singapore. We have high inflation, high housing cost and high cost of living. In contrast, our nearby countries can offer the same quality or even better retirement life at a fraction of Singapore’s costs. As more of my friends are approaching the age of retirement, discussions come up on an … [Read more...]
To helpless investors – A letter with 4 lessons
Dear helpless investor, I am writing to check in on you. It has been a roller coaster week. Are you still intact despite all the ups and downs? You must have been through a lot. Suddenly, you woke up to a disastrous free fall in the stock market. The next day there was a historic rebound. Then the following day another market plunge wiped out the gains. As retail … [Read more...]
Solution to aging population – more babies or more immigrants
Singapore has a rapidly aging population. Next year we will be a “super aged” country with over one in five aged 65 years old or above. By 2030, one in four Singaporeans will be 65 or older. The two main factors behind an aging population are longer life expectancy and fewer births. An aging population heading for population decline According to the latest data from … [Read more...]
How serious are property market forecasts?
This March companies are busy preparing sales forecasts for the new financial year. Regarding forecasts, I have said this in my book Behind The Scenes of The Property Market: “With high uncertainties looming in the global economy, it is doubtful whether anyone can predict what will happen in six months, let alone the full year. Those who claim that they can do so are most … [Read more...]
Action required: Saving the forests for our future
The Housing & Development Board is clearing the forests in Woodlands and Sembawang for new HDB projects. For the sake of our future generations, I am lobbying for your support to go against it by sharing your thoughts in the feedback forms below by next Tuesday December 10: - Sembawang feedback form - Woodlands feedback form I have written to the ST Forum and … [Read more...]