Is that some how I know there ain’t a local equities overpriced. Far from it. Funds are not enamored with the country’s equity. I don’t hear a lot of friends and acquaintances being additionally interested in it.
What is particular telling is the state of Singapore equities. Since the past 6 years, there don’t seem to be some mid cap companies like Tat Hong, OSIM, Venture or Hyflux, taking leadership to become a bigger component of the Singapore market. When you look at the IPOs, there is a distinct lack of quality as well.
In fact, most of the new listings are either commodity players , REITs and business trusts or property companies.
This country seem to be in some sort of a funk. That don’t seem to be how a first world developed nation seem to be going.
To add to that, the friends who owns a HDB, who hasn’t finish paying the housing loan, intends to get a second dwelling so as to rent out the HDB.
Would there be some unhealthy problems if the majority of the wealth is all parked in properties and not in diversified wealth vehicles o businesses?
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