Blackbox Research surveyed 764 people on Singapore’s Budget 2022. The results showed that two in five respondents “highly favored” tax hikes for top income earners and higher duties for luxury cars. The poll didn’t mention the type of home or personal income of the respondents. But those who “highly favored” raise in taxes are probably not targeted in the new round of … [Read more...]
Property me too strategy
Me too strategy is a plan of action that hardly has any differentiation from the mainstream. In other words, one follows what looks popular, or do what everybody else is doing. The reason to adopt me too strategy is often the effect of herd mentality. Me too strategy is widely adopted in the Little Red Dot, especially during property purchase. Why do Singaporeans like to … [Read more...]
Want to quit the Squid Game?
I received a WhatsApp message when it was almost bedtime. The sender was in my team a few years ago. She was a fast learner and a high performer. Like many people these days, she is overwhelmed by work. Besides the never-ending tasks coming from the top, she is stressed by difficult people and office politics. Under high pressure, she feels that she is close to a mental … [Read more...]
Did high income make people unhappy?
On July 18, there was a Sunday Times Invest article titled “Fewer high income earners feel very happy: IPS study”. A survey of 2,000 respondents by the Institute of Policy Studies (IPS) showed that higher incomes is not a guarantee of more happiness. In fact, the higher income groups have the lowest proportion who said “they felt very happy most of the time”. For those … [Read more...]
Do you expect a new home to solve an old problem?
The pandemic is hurting us in different ways. Stress can come in different forms. Financially, it may be loss of business, work or income. Routinely, it can be inconveniences in daily activities and conflicts with family members. For some people, they believe that moving away or moving to a new home is the solution to alleviate their sufferings. Pandemic-induced housing … [Read more...]