Will interest hiking cool down Singapore properties prices?
After reading this news, I am not surprised with theview points, although 75bps increasing after latest FOMC "forced" almost all countries around the world following FED's step. Why I I say Singapore property market will not affect much by interest hiking? The reasons are listed below:1. Demands and supplies: Asian are always love buying properties, same here in Singapore, after CB during covid 19, both HDB and private properties sales picked up, local buyers contribute majority of the sales. With many foreign buyers entering the market now, the demands are getting higher and higher, hence government has no choice but increase the land sales numbers for more supplies .2. The leverage risk is not high: after 2008 subprime crisis, Singapore government implemented many measures
Just noticed that GF has sold Fab10 in New York toON semi, while the new 300mm fab in Singapore will make up the capacity with more specific are focus, also I think running fab in Singapore will making more profits than in US especially city like New York, with lower labour cost and taxes, etc...Therefore I think this is good for both of the two companies, one can have more cost effectiveness without affecting capacity, another can have its own 300mm fab.$GLOBALFOUNDRIES Inc.(GFS)$$ON Semiconductor(ON)$
While the zelensky's show is still going on, food and energy prices have no reason to cool down, Fed still keeps saying increasing interest rate will fight inflation, but the war simply won't be stopled by doing this right ? If united states stop stirring Shit , the CPI will immediately drop by half isn't it? Anyway they USA politicians are always saying they are doing the "right" things, for world "peace", we just can wake up someone who are pretending to sleep... good luck to the us, all the ordinary people...$Cboe Volatility Index(VIX)$$Nasdaq 100 Trust(QQQ)$$SPDR S&P 500 ETF Trust(SPY)$
Cooling measure again for Singapore property market
Again, government implemented cooling measure at late night, doubled ABSD for foreigners, increased ABSD for second and third property. Singapore government has done good job during Covid period, many rich foreigners have settled down in Singapore, and more are coming. They are bringing in their wealth, and of course they want and need to buy property here, thus, developers are happy, $PROPNEX LIMITED(OYY.SI)$ $APAC REALTY LIMITED(CLN.SI)$ and their agents are happy, but normal people may suffer from the inflation causing by their "crazy spending". Government is not against with their big spending on local properties, but to protect locals, and only let super rich foreigners c
$SINGAPORE TECH ENGINEERING LTD(S63.SI)$this defensive stock has approved to change to quarterly dividend payout scheme, also up to 0.16centsfro 0.15cents, which has been last Many many years [Strong]