Cannot invest in SGD and property in Singapore at this juncture. Why? Below is a extract written by one Singaporean some where:-
1) Spore Govt is now trying to weaken Sing Dollar due to erosion of competitiveness. A Strong Sing Dollar is Bad For Singapore Exports. Many Singapore Company CEOs are pessimistic now.
(The Singapore government has to come in to intervene to deliberately weaken the SGD. The M'sian government is helpless to stop the weakening ringgit.)
2) Singapore might appear well off to Malaysians. "APPEARANCE ONLY"
(Many Singaporeans can easily landed properties in M'
sia if there was no restrictions. Many M'sians cannot afford even 3 room flats in Singapore)
The reality is this. Singapore Citizens are paying for everything at "SKY HIGH" Prices. Cars must be Scrapped by 10 Years when
COE expires. Most Singaporeans cannot afford a car. Most live in pigeon holes of small
HDB flats. In Malaysia most average family have 2 cars & live in a house with on small garden. In Spore it is only a dream.
(Singaporeans are paying sky high prices for cars and homes, M'sians can only talk about it)
3) Singaporeans are Avid Shoppers. Most don't have enough savings for retirement. I think over the longer term many will have to work till 90 years old. Some might even work till 100 years old.
(Those Singaporeans who cannot afford to retire in Singapore will retire in M'
sia)
4) Singapore FD is less than 1% with 3% inflation rate. It is detrimental for savers and pensioners. So Don't Exchange Your Ringgit For Sing Dollar.
(Bank interest rates are low in singapore. But if you keep them in ringgit in M'sian banks, you will lose much more through currency depreciation)
Better invest in Under Value Stocks of KLSE. (KLSE stocks are not undervalued, that's their true values.)
Another Investment is
LANDED HOUSES IN ISKANDAR
You Must Buy Up All Available Single Storey & Double Storey Houses in Iskandar While They Are Still SO CHEAP (AVOID ALL HIGH END CONDOS IN ISKANDAR - IT'S FINANCIAL SUICIDE TO BUY THEM)
In Iskandar They Don't Build Single Storey or Double Storey Houses anymore. If any are available they will be quickly snapped up.
So You Must Buy From Secondary Market While They Are still selling at 20% to 30% of KL or Penang Prices!