THERE is currently a lot of exuberance in the Singapore economy from the ultra high net worth individuals bringing money into the country.
Singapore’s economic and political stability are attractive pull factors in this respect.
But when property taxes, interest rates and GST start going up next year, the reality of the situation will affect their ability to continue investing at the same level.
P. Jeyaratnam talks about the rising cost of doing work during and after Covid-19. It’s as much as 40%.
How will the investors view this trend and how will they react?
This is an excerpt from the WED WEB CHAT — 2022: The Good, The Bad & The Ugly. Watch the full WED WEB CHAT at https://youtu.be/vHhsOKNKnK8.