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...]
Who wants to be a Millionaire?
A millionaire or a HNWI (High Net Worth Individual) is someone with a liquid investable wealth of US$1 million or above. The amount only includes cash, debt-free residential properties, and listed company holdings. Henley & Partners, in partnership with wealth intelligence firm New World Wealth, released the 2024 World’s Wealthiest Cities Report. It tracks the movements of … [Read more...]
Teaching children about money
I am not an expert in teaching children. So it was a big surprise when my blog post “Another PSLE result release day” which has nothing to do with properties manages to generate so much interest. On the other hand, the comments in my last post “No new investment for retirees” prompted me to check the follower statistics of the PropertySoul facebook page. Apparently, the … [Read more...]