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Subscribe to this list via RSS Blog posts tagged in Singapore Economic Data

Economists cut 2015 Singapore growth forecast to 2.2%

Posted by Property Launch Invest on Tuesday, 22 September 2015 in Property News

More downgrades likely, they say, as manufacturing remains a drag

SINGAPORE'S forecasters have tempered both their growth and inflation forecasts for 2015 - and some say more downgrades are in store. This is especially after the latest manufacturing data deepened worries about a possible technical recession in the third quarter.

Private-sector economists now expect the economy to grow just 2.2 per cent this year - down from the 2.7 per cent projected a quarter ago. They are also more pessimistic on the outlook for the manufacturing and construction sectors, and most services clusters.

Current property cycle versus the 1986-1998 cycle

Posted by Property Launch Invest on Thursday, 09 October 2014 in Property News

The current property cycle bears the following similarities with the 1986-1998 cycle:

1) At the cycle peak, landed properties outperformed non-landed properties and detached houses are the best performer while condominiums are the worst performer.

2) In both property cycles, unlike in the other cycles, prices reached a peak and started to decline in response to property cooling measures introduced by the Government and not due to some external events such as an economic crisis.

I thought it would be interesting to compare and contrast the two property cycles to see what are the similarities and differences and what insights we can draw from them.

The Singapore property market has undergone four property cycles since 1975. The first cycle from 1975-1986, the second from 1986-1998, the third from 1999-2004 and the fourth from 2004-2009. We are now into the fifth cycle which began in 2009.

Why the world's ultra rich are flocking into Singapore right now

Posted by Property Launch Invest on Monday, 12 May 2014 in Property News

Singapore’s average wealth per adult is currently US$282,000 (5th in the world)
The number of High-Net-Worth (HNW) individuals rose 21.5% in 2012
HNW Individuals hold USD 857 billion in wealth
The number of HNW individuals in Singapore expected to rise 58% by 2017
HNW Individual wealth expected to surpass USD 1.38 trillion by 2017
Assets under management across Singapore hit a record high of USD 1.29 trillion

The degree of wealth shifting to Singapore is truly staggering so it is important to look at why wealthy individuals from across the globe are seeking to make Singapore their new home. Highlighted below are some of the key reasons we are seeking such rapid growth in the number of HNW individuals shifting to Singapore.

Data set in motion a strong year for Singapore

Posted by Property Launch Invest on Thursday, 01 May 2014 in Property News

Singapore's non-oil exports rebounded strong in December, smashing consensus expectations. Economists told CNBC this jump could help propel the economy's recovery this year.

Non-oil domestic exports (Nodx), which include sectors such as electronics and pharmaceuticals, were up 6 percent in December from a year earlier, a sharp rebound on the 8.9 percent contraction in the previous month, and well above consensus expectations for a 1.7 percent rise.

Singapore’s Limits on Land, Labor to Constrain Growth

Posted by Property Launch Invest on Tuesday, 03 December 2013 in Property News

Singapore's land and labor limits will “increasingly constrain” its economic expansion and the city state must adjust to lower growth rates as compared to the last two decades, Defence Minister Ng Eng Hen said.

The island’s citizen workforce will begin shrinking starting in 2020 for the first time in its history, and the nation needs to improve social services and health care programs to help a larger elderly population, Ng said in prepared remarks for a speech in Parliament today. He spoke as Leader of the House.

S'pore economy to be productivity driven

Posted by Property Launch Invest on Friday, 29 November 2013 in Property News

Change is likely to result in shift to jobs in services sector: JP Morgan exec

THE local economy is entering challenging times as it transits to one led by productivity and it's also a fallacy to think that the economy will benefit as much as previously from stronger growth of the developed markets.

People tend to compare Singapore with global cities but it actually has a developing market structure, only the cost of living is comparable to places such as New York and Hong Kong, said James Sullivan, JP Morgan head of Asean/Singapore equity research.

"All of us who live here know it is very expensive," said Mr Sullivan yesterday in a Singapore equities outlook presentation.

Not only is Singapore among the costliest cities in the world, its ranking continues to move higher.

Singapore's latest economic data

Posted by Property Launch Invest on Friday, 22 November 2013 in Property News

New data on Singapore's economic performance in the July to September quarter was released on Thursday morning by the Ministry of Trade and Industry. Here's a quick summary of the key points:

1. Stronger growth this year:

The Singapore economy's growth forecast for this year has been upgraded to between 3.5% and 4%, from a previous estimate of between 2.5% and 3.5%, on the back of stronger-than-expected growth in the third quarter. This year's growth will be three times as fast as last year's 1.3% expansion, and is due to a better global economy and continued strength in construction and services.

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