Property Resale Prices shot up

Property prices sky-rocketed during three years of Covid-19 pandemic (from end 2019 to end 2022).

HDB Resale Price Index shot up 30.7% over the 3-year period.

Property Price Index for Private Residential Properties shot up 22.8%.

Imagine a private property costing $1,000,000. It could fetch $1,228,000 theoretically now.

HDB Resale Price Index
Year Index % Change 3-year change
2022 171.9 10.4% 30.7%
2021 155.7 12.7%
2020 138.1 5.0%
2019 131.5 NA
Property Price Index for Private Residential Properties
Year Index % Change 3-year change
2022 188.6 8.6% 22.8%
2021 173.6 10.6%
2020 157.0 2.2%
2019 153.6 NA

No wonder, property agents are knocking at property owners’ doors for a chance to sell their units on the market.

Copyright © 2023, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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Rabbit Year started with higher stock indices

After a rough year for equities in the Year of Tiger, Year of Rabbit brought cheers to stock markets.

Stock indices at the end of 27 January 2023 are shown in the table below.

Stock Indices 30-Dec-22 27-Jan-23 Change (%)
Hang Seng (HK) 19,781.41 22,688.90 14.7%
Nasdaq (USA) 10,466.48 11,621.71 11.0%
CAC 40 (France) 6,473.76 7,097.21 9.6%
Germany DAX 13,923.59 15,150.03 8.8%
Australia All Ordinaries 7,221.70 7,709.50 6.8%
S&P 500 (USA) 3,839.50 4,070.56 6.0%
Shanghai Composite 3,089.26 3,264.81 5.7%
Nikkei 225 (Japan) 26,094.50 27,382.56 4.9%
STI (Singapore) 3,251.32 3,394.21 4.4%
UK FTSE 100 7,451.74 7,765.15 4.2%
Dow Jones (USA) 33,147.25 33,978.08 2.5%
Mumbai BSESN 60,840.74 59,330.90 -2.5%

Hang Seng Index jumped 14.7% in just one month followed by Nasdaq (+11.0%).

The Straits Times Index (STI) moved up 4.4%.

Copyright © 2023, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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Chinese Traits to live by

I have seen this poster at the Singapore Chinese Cultural Centre.

The Chinese character is followed by its hanyu pinyin. These are universal good traits to hold on to. Chinese people uphold these values dearly.

礼 li – Considerate Behaviour

爱 ai – Love

孝 xiao – Filial Piety

毅 yi – Perseverance

廉 lian – Integrity

义 yi – Righteousness

仁 ren – Kindness

耻 chi – Sense of Shame

忠 zhong – Loyalty

俭 jian – Thrift

Credits of the poster go to Singapore Chinese Cultural Centre

Copyright © 2023, limkimtong for Living Investment

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A Chinese New Year to remember

On the eve of CNY, my lower molar tooth caused me so much pain that I could not bite and chew my food without the pain. It persisted into the CNY Day 1 when we had our reunion lunch. I missed out on eating CNY goodies. This however was a good thing for missing all the calories. Instead of gaining weight, I lost weight instead.

I visited my dentist yesterday, her first day at work. She mentioned that there was infection and it affected my nerve in the tooth. I have to do a root canal. I will schedule a date with a specialist later on.

Such was the memory of my Chinese New Year this year. The good thing for this CNY was that we met after three years for a reunion of 3-generation family.

In the meantime, I still experience a dull pain in my mouth. This is life.

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Chinese New Year 2023 – First Day Reunion

Thirty (30) came for the Reunion Lunch at my sister’s home this Chinese New Year 2023.

Three generations came together this year. We did not have a gathering in CNY 2022 since Singapore was coping with a new highly transmissible Covid strain named Omicron. Back then number of daily household visitors was limited to five (5).

For most we had not met for three years (last meet was in CNY 2020), it felt good to meet this CNY. Children of my nephews and niece have grown up. Two are now in Primary 6 this year.

When these children grow up, it means that my brothers, my sister and I are older. This is the cycle of life.

Longevity noodles with two hard-boiled eggs was a must-have item in our menu of steamboat meal. We kept this tradition since the time my parents were around.

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Chinese New Year – Special Moments

What I like about Chinese New Year is the anticipation of the arrival of CNY.

There were days of preparations for the festivities; days of buying perishable food items to stock up our refrigerator; days of keeping our home clean. These were memorable and the whole family got into the actions. I won’t call it frenzy but more of a sense of purpose, getting ready to welcome a brand New Year.

It is moving forward with hope of another meaningful journey of our lives into the New Year.

On this note, I wish all a Happy Chinese New Year when you are celebrating with your family, relatives and friends. Love them and remember their kindness towards you.

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Exit the Tiger, Enter the Rabbit

When the zodiac sign Tiger roared to life on 1 February 2022, stock indices of the Straits Times Index (STI), Hang Seng Index and Shanghai Composite (delivered to it by previous Ox) were shown below.

When the Tiger exited on 29 January, STI was the only one of the three indices that improved by 1.4%.

Shanghai Composite lost 2.9%. Hang Seng Index lost 7.4%. The roar of the Tiger turned to be a wimper.

Stock Indices 31-Jan-22 20-Jan-23 Change (%)
STI (Singapore) 3,249.59 3,293.71 1.4%
Shanghai Composite 3,361.44 3,264.81 -2.9%
Hang Seng (HK) 23,802.26 22,044.65 -7.4%

What is going to be for the Year of Rabbit (2023)?

Wishing all a Happy Chinese New Year and a good long holiday break for those not celebrating the festival.

Copyright © 2023, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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Interest rates are dropping (T-Bills)

My feel is that interest rates for Singapore government Treasury Bills (T-Bills) have peaked. The table below shows the Cut-off Yields for 6-month T-Bills.

Yields rose from 3.32% per year in September 2022 to reach a high of 4.40% in the beginning of December 2022. Then yields came down. The latest auction result for BS23101S T-Bills has a cut-off yield of just 4.00%.

T-Bills Date Applied Yield (%) Remarks
BS22119T (6 months) 26-Sep-22 3.32%
BS22120E (6 months) 7-Oct-22 3.77%
BS22122Z (6 months) 4-Nov-22 4.00%
BS22123S (6 months) 18-Nov-22 3.90%
BS22124H (6 months) 1-Dec-22 4.40% Peak
BS22125T (6 months) 15-Dec-22 4.28%
BS23100Z (6 months) 28-Dec-22 4.20%
BS23101S (6 months) 11-Jan-23 4.00%

Copyright © 2023, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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Must have for Chinese New Year

There are few things we must have during the Chinese New Year. 

  1. Ang Pow packets (Red packets) for gifting money. Red colour is auspicious and often worn on CNY.
  2. Mandarin Oranges. They are symbol of good fortune and luck with its “gold” colour.
  3. Leek vegetable. Leek in Mandarin sounds like “counting”. One has money to count during the year to come.

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This Chinese New Year is going to be different

Our last major 3-generation CNY gathering was on 25 January 2020. No facemasks yet then. We did not meet in CNY 2021 and CNY 2022.

For three years I have not seen some of my nephews, nieces and their children. Three years add to our ages. From what I saw on Facebook, some have put on some weight, some has lost some weight, and some younger ones have grown so much.

I am looking forward to this gathering.

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