I agree that the Singapore Stock market has seen lack lustre volumes. Infact Reits that Singapore has once pride itself as one of the best exchange to invest in has grossly underperformed to the extent that the dividend received even those exceeding 5% does not compensate for the loss in value of the reits.  Some of the reits even lost their value to pre-Covid prices or even IPO prices.  These are reits like Mapletree Industrial, Mapletree Pan Asia even Capitaland China, to cite a few examples. It is arguably better off to just leave your money in fixed deposits which yield higher return without the risk of loosing the principal value of investment. It is also worth noting that the shares of prime blue chips listed on the SGX like City devt,  has lost at least 30-50% of its value.  The only shares worth looking at in current environment is the shares of banks which managed to hold their values, partly due to the high interest rate environment.

It is thefore imperative that Singapore looks into areas how to stimulate the lack-lustre Singapore Stock market to sustain its status as one of the leading financial hub in the region.  I am hopeful this will attract high profile companies to list here.