Mars Mooo wrote a post · Oct 3, 2022 22:57

The Singapore economy is booming!

Home Prices To the Moon
Singapore home prices continue to climb even when interest rates are rising to 3.4% (*1), which is far lower than the Singapore Aug 2022 inflation rate of 7.5%, and million-dollar HDB flat transactions are said to hit new high in 2022. (*2)

#GIFsFromTenorDotCom

Large number of HDB applicants
Besides the climbing home prices and million-dollar HDB flats, HDB see a large number of applicants for August 2022 BTO, which cause the ballot results to be delayed (*3).

Singapore Stocks rising
Also, we see Singapore stocks rising with the STI index ( $FTSE Singapore Straits Time Index (.STI.SG)$ ) rising at least 1% today (*as of 4 Oct 2022 9:55 am).

Investment Opportunities
Thus, it is expected to see the Singapore economy going to the moon in the next few years, despite the new property cooling measures (*4) announced recently.

Also, we might be able to see smaller HDB flats such as 2-rooms (flat size: up to 46 sqm) and 3-rooms (flat size: up to 66 sqm) reaching the million dollar mark as Singapore progresses to attract more talents and probably reaching the 10 million population (*5) during the 'To the Moon' journey.

It may be a good opportunity to buy more Singapore property stocks such as $APAC Realty (CLN.SG)$ , $CityDev (C09.SG)$ , $Far East Orchard (O10.SG)$ , $FRASERS PROPERTY LIMITED (TQ5.SG)$ , $GuocoLand (F17.SG)$ , $Ho Bee Land (H13.SG)$ , $Hong Lai Huat (CTO.SG)$ , $Imperium Crown (5HT.SG)$ , $Olive Tree (1H2.SG)$ , $Oxley (5UX.SG)$ , $PropNex (OYY.SG)$ , $SingaporeLandGrp (U06.SG)$ , $Wing Tai (W05.SG)$ , $Yanlord Land (Z25.SG)$ and many more, besides buying smaller HDB flats which may have huge potential to reach the million dollar mark.

So, do you think that smaller HDB flats will cost at least a million by 2024? Also, which Singapore property stocks are you buying during this strong economic times? Please do comment below.

We have come to the end of today's topic. Remember to show your support by follow, like, share and comment on this post and as always, don't forget to DYODD (Do your own due diligence) when making any kind of investment.

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References:

*1: Singapore Home Prices Climb 3.4% Even as Interest Rates Rise