Singapore 2018

[phantom_opera]

Many upper middle class become bank slaves?

[buttercarp]

Many upper middle class become bank slaves?

How to prevent this from happening?

[roly8]

how come upper middle class become bank slave?


what is the salary range of upper middle class??

[phantom_opera]

How to prevent this from happening?

it was designed this way it is the up-prime crisis

[sh]

How to prevent this from happening?

buy more then 1 property. hopefully prices will continue to creep up. when come to retirement, sell a couple to pay off the blood suckers...

that's my plan...

[phantom_opera]

Signs already written all over the wall, many share with family member to buy like no tomorrow, middle class less affected as they not able to loan 80pc or commit multiple units, right now buyers of upper middle class 全家出动, many with baojia mentality, once SIBOR up to 4pc, many will become bank slaves with negative cash flows, 4ySSD further complicates the problem, up prime problem is about to hit

[yowetan]

Hi..could you do me a favor by define what is the income range of upper-middle income class family.

My family household income is around 7k++, with dual disposal income of 6k+ in total. It will be approximately 14k+. Is this classified under upper middle class?

[buttercarp]

Signs already written all over the wall, many share with family member to buy like no tomorrow, middle class less affected as they not able to loan 80pc or commit multiple units, right now buyers of upper middle class 全家出动, many with baojia mentality, once SIBOR up to 4pc, many will become bank slaves with negative cash flows, 4ySSD further complicates the problem, up prime problem is about to hit

When do you think that will be?
So is it safer to get a fixed rate home loan ?

[phantom_opera]

after I started this thread, I found this girl article in zaobao .... i think she is a private banker analyst from China ... 10x better than Cooling Tan or some bullshit analysts

● 谭蕾
五湖四海

我们正面对一个无所适从和随波逐流的时代，因为我们往往以为自己知道，其实可能并不知道；而我们不知道的，也永远都是多于自己真正知道的。

这一季多雨的夏并没有让新加坡市场多一些清凉。最新报告显示，如果将通货膨胀考虑在内，国人的基本工资去年实际下降了0.8%。如今，各个阶层都感受到赚钱难和消费成本上升的压力，过去多年未受到通胀干扰的新加坡，已远离“随风潜入夜，润物细无声”日子，转而由“通胀猛于虎”的触目惊心，左右着我们每一天的心情。

　　在资金管理界，为了抵挡高通胀，债券投资组合成为客户们热衷的项目，也就是购买五至六家可以提供年综合回报达3%至5%以上的公司债券，把它们组成一个组合。这也就是最近新元债券市场欣欣向荣，特别是以新元发售的高息企业债券受到热捧的原因。能够在债券市场取得多于3%的利息收入，当然比银行存款利率不到1%要好。当然，低利率也让国人购买房地产的能力提高了，以100万的房价来计算，2008年，家庭月入要1万零600元才能负担得起，现在8700元收入就买得起；这使得能够负担得起100万房地产的新加坡家庭，从2008年的24万户上扬到目前的44万多户。

　　不过，即使美国联邦储备局已经决定将低利率政策维持到2014年，但过于平静的低息市场总让人有些隐隐不安。如果欧美量化宽松政策无法继续推行，市场将重现流动资金短缺而导致利率成本上扬的局面，债券市场的欣欣向荣或许不久就将转眼成空。

　　此外，投资界也倾向以新币作为结算的产品，因为相信金融管理局不会让新元过于疲软，特别是在已高达5%的通胀状态下。如果新币贬值，新加坡这个小而开放的经济体进口商品价格将全面上升，导致通胀压力加剧。

　　最近投资界热议的另外一个课题是，将新加坡发展成为岸外（offshore）人民币债券（即“点心债券”）中心。“点心债券”在两年前刚推出市场时，曾引发机构投资和私人银行客户的投资热潮，但随着市场对人民币升值的预期减弱和中国经济前景的担忧，热潮正逐渐消退。

　　大家发觉，中国错综复杂的政治环境和货币政策，使得市场难以预测人民币在未来五至十年的价值走势。而且“点心债券”的收益率也不过在2%至5%的区间徘徊。另外，在新加坡，无论是投资机构还是持在个人手中的人民币都相当有限。截至今年4月底，香港的人民币存款高达5000亿至6000亿人民币，而新加坡还停留在600亿元（120亿新元）的水平。

　　人民币债券或许迟早会成为投资界的新宠，但目前仍为时太早。如果将来若出现在中国投资的新加坡企业，能够成功在本地发行人民币债券，那才是略微看到新加坡有望成为人民币岸外债券市场的曙光。对许多企业而言，发行美元或新元债券的成本或许可以更低，但发行人民币债券，资助在中国的发展项目，仍有助降低汇率风险。

　　人生最精彩的不是在于实现梦想的瞬间，而是坚持梦想的过程。一个热闹的金融市场，要是少了散户的参与，总是显得曲高和寡。但一般散户对债券的认识，似乎总不忘加个“雷曼”在前。如果“雷曼”仍在，或许应该向债券市场收取版权费用。

　　美元不可靠，欧元命牵一线，而人民币似乎仍处于“养儿防老”的阶段。新加坡最终要成为较成熟的离岸人民币债券中心，至少是三至五年后的事情。但新元的超低利率，“逼迫”着人们不得不进入风险较高的股票市场和房地产市场，或许这就是世事的不完美和无奈，无论是为了生活或是投资，我们都在为自己的坚持而付出代价。

　　同以往不一样的是，即使愿意承担较高的风险，但也未必就能获得较高的回报，因为市场的波动性在政策性风险的影响下可是暗潮汹涌。简单言之，就是赚钱的概率下降，但亏钱的风险却大大提高了。

　　我们正面对一个无所适从和随波逐流的时代，因为我们往往以为自己知道，其实可能并不知道；而我们不知道的，也永远都是多于自己真正知道的。全球一体化的步伐，让勤劳的我们比靠借贷生活的人们更担心失去自己的辛苦所得，唯一能够期盼的，是别牺牲自身重大的利益和巨额的财富累计，来完成整个市场调整方向的大业。

（作者是私人银行从业员，

本文仅代表作者个人立场）

[roly8]

Signs already written all over the wall, many share with family member to buy like no tomorrow, middle class less affected as they not able to loan 80pc or commit multiple units, right now buyers of upper middle class 全家出动, many with baojia mentality, once SIBOR up to 4pc, many will become bank slaves with negative cash flows, 4ySSD further complicates the problem, up prime problem is about to hit

why make life so jialat?

[newbie11]

Translated article

Lianhe Zaobao today's point of view


● Tan Lei
All over the world

We are now faced with a loss and drift with the tide of the times, and we do not know because we tend to think that they know, in fact, may not know; always more than they really know.

This season more cool rainy summer and did not let the Singapore market. The latest report shows that inflation into account, the people's basic salary last year actually declined by 0.8%. Today, all sectors have felt the money difficult to and consumption rising costs, pressure, no interference by inflation over the years, Singapore has been away from the days of "sneaked into the night wind, moisten things silently" in favor of "inflation put the idea" shocking, or so we feel every day.

In the fund management industry, in order to withstand the high inflation, the bond portfolio, customers are enthusiastic about the project, that is, to buy five to six corporate bonds can offer a return of more than 3-5%, they form a combination. This is S $ bond market thriving, especially on Xinyuan sale of high-yield corporate bonds being touted reason. More than 3% of interest income in the bond market, of course, better than bank deposit rates of less than 1%. Of course, low interest rates also allow people to improve the ability to purchase real estate, to calculate rates of 1 million, in 2008, the monthly income of households To 10,000 600 yuan to burden could afford to afford income of 8,700 yuan; This makes the Singapore families be able to afford one million real estate rose from 240,000 in 2008 to over 440,000 households.

However, even if the U.S. Federal Reserve has decided to the low interest rate policy maintained until 2014, but too quiet low interest rate market total some people faint unease. If Europe and the United States can not continue the quantitative easing policy implementation, the market will reproduce the liquidity shortage led to a situation of interest rates rising costs, the bond market's thriving perhaps will not be long before they quickly pass empty.

In addition, the investment community is also inclined to the new currency as settlement products, because I believe the Hong Kong Monetary Authority will not let the Singapore dollar is too weak, especially in the state of up to 5% inflation. If the new devaluation of Singapore's small and open economies imported commodity prices will overall increase, leading to inflationary pressures.

Recent investment community a hot topic, Singapore (offshore) offshore RMB bond (ie the center of the "dim sum bonds"). "Dim sum bonds" two years ago, has just launched the market, has triggered the investment boom of the institutional investors and private banking customers, but as the market's concerns about the appreciation of the renminbi is expected to weaken and China's economic prospects, the boom is waning.

We find that China's complex political environment and monetary policy, making the market difficult to predict the value of the renminbi in the next five to ten years the trend. "Dim sum bonds yield, but hovering in the 2-5% range. In Singapore, both investment institutions or RMB held in the hands of individuals are quite limited. As of the end of April this year, up to 500 billion to 600 billion yuan RMB deposits in Hong Kong, Singapore still stuck at the level of 600 billion yuan (12 billion dollars).

RMB bonds may sooner or later will become the new darling of the investment community, but it is still too early. The future of Singapore companies to invest in China, capable of success in the local issue renminbi bonds, that is slightly see Singapore is expected to become the dawn of the RMB offshore bond market. For many businesses, the cost of the dollar or Singapore dollar bonds issued may be lower, but the issue renminbi bonds funded development projects in China, still help to reduce the exchange rate risk.

Life is not the most exciting is that the moment of your dreams, but to uphold the dream process. A vibrant financial markets, if less retail participation, always seem highbrow. But the general understanding of retail bonds, always seem to forget to add a "Lehman" first. Lehman still perhaps should receive royalty payments to the bond market.

Dollars unreliable euro life Flossing, the RMB seems still in the stage of raising children for old age. Singapore eventually to become more mature offshore RMB bond center, at least three to five years after things. SGD ultra-low interest rates, "forcing" people had to go into the high-risk stock market and real estate market, things are not perfect and helpless, perhaps this is both to make a living or investment, we are for their own to adhere rather pay the price.

Is not the same as ever, even willing to take higher risks, but it may not be able to get a higher return, because of the volatility of the market is surging undercurrent, but under the influence of policy risk. Simple words, is the decline in the probability of making money, but the risk of losing money has increased greatly.

We are now faced with a loss and drift with the tide of the times, and we do not know because we tend to think that they know, in fact, may not know; always more than they really know. The pace of globalization, so industrious than by borrowing, live people are more worried about losing their hard-earned money, the only way to look forward to, do not sacrifice their own material interests and the huge amount of wealth accumulated, to complete the entire market to adjust the direction of the cause.

(The writer is a private bank employees

This article only on behalf of individuals ")

[star]

By then cm will be removed and property cheong up the roof
1) no more ssd.
2) no more extra 10% for foreigners buying property.
3) they may include HDB owners can buy private property after 3yrs.

[phantom_opera]

your translation really cmi

上海12月楼市成交量创23个月新高

[mcmlxxvi]

What an excruciatingly painful to read article.

Couldn't get past the first paragraph.

[newbie11]

your translation really cmi

上海12月楼市成交量创23个月新高

Google translation la