Cantopop Star Joey Yung Sells Hong Kong Flat At A Loss
Population decline can be offset with immigration, letting in more foreign talents/workers, and investor friendly policies to welcome foreigners investing into our local properties.
Little can be done if talented Singaporeans want to emigrate out, and foreigners have no interest to either work or invest here...
Combined with my previous post The Biggest Downside To Owning Property, that's why a city/country needs to Earn More...
And have the ability to protect what it earns!
The ancient thriving city states like Rome, Athens, Carthage, and Venice all have one thing in common: they have a bad ass military to protect their six!
Smol,
ReplyDeleteForgive my anal-ness, I think you meant immigration when letting foreign talents in.
With respect to the dead & sufferers, Covid has been a helluva boost to Singapore. More sinkies and ex-sinkies coming back than those emigrating, a political & financial haven to billionaires, more family offices than ever before setting up, a jumpstart of property prices, and beginning to eclipse Hong Kong as financial gateway to Asia.
People in SG govt must be great traders & timers, adopting the right styles at different times, rotating and scaling in & scaling out when the data changes.
Adopting a lockdown, covid-zero approach in the initial stage.
Backing of vaccines that actually work (ok much luck was involved here ... just like trading & investing!).
Rotating & scaling into endemicity as health & economic data evolves.
It's like being able to recognise SHTF and to simply stop-loss & cut-loss into cash.
And then slowly scaling back into risk assets after the 1st shoe dropped, only to cut-loss when the 2nd shoe dropped, and now continuing to scale into risk assets.
Spur,
DeletePardon my England!
Thanks for the heads-up!
Lucky big daddy don't have problem with immigration like in Japan. I mean we are descendants of immigrants ourselves!
That's why I can't bring myself to invest in Japan although I'm a weeb...
I don't see Singapore going the path of Japan despite naysayers trying to talk down Singapore properties pointing to our aging population...
I won't be surprised to see more Taiwanese and Hong Kongers enquiring about emigration to Singapore - just like those Ukrainians who have moved to Singapore after the annex of Crimea in 2014 ;)
Some people are like Li-Shing, they move BEFORE shit hits the fan.
Big daddy is definitely in the Earn More camp.
Early on during the Wuhan virus, "Mr Hands-up" leaked audio showed they were already planning to take advantage of the crisis when its all over from day 1.
GDP growth for the win!
Agree with you - big daddy is a great speculator!
Just look at its track record - big multi-baggers with aerospace, refining/petrochemicals, biotech/pharmaceuticals, electronics; etc.
Of course have cut-loss positions like semiconductor and shipping. Where got all wins and no losses one? That's the realm of CPF ;)
If big daddy can't earn more, either we have to pay more taxes or somebody will print more money like in Japan or US...