Singapore core inflation rises 3.3% in Oct 2023
Investing to beat inflation should be a top priority, as not doing so could lead to an erosion of our cash savings. In
light of the recent data showing a year-on-year rise of 3.3% in core
inflation for October and an average inflation rate of 5% projected for
the entire year of 2023, it becomes even more crucial to take action. Fortunately,
according to the Monetary Authority of Singapore (MAS), economic
recovery is expected in 2024, with a forecasted GDP expansion of 1% to
3%. With more accurate statistics and data, owning physical
assets such as property is historically one of the most effective and
consistent strategies to combat inflation.
If you are interested in more undervalued property opportunities in 2024 and how they can help us beat inflation, feel free to reach out to me or we could also meet up over. Let's explore the possibilities together.
Inflation is REAL, guess how much did the land cost went up in Singapore for the FOUR years?
Examples like the highest bid of $788psf from the project Clavon at Clementi Ave 1, as well for the latest private land site on Toa Payoh Lorong 1 drawing $968m bid, which translate to a land rate of $1,360psf has proven the effect from the inflation.
2024 is an important year to act if you are thinking of investing into a property. However, purchasing a property is not easy, as there are many crucial choices to make, be it as a property upgrader or new buyer. At the end of the day, everyone wants financial freedom, and not to be burdened by monetary issues especially at every stage of one's life. Attaining financial freedom is definitely possible, with meticulous planning and commitment. There are so much to benefit from when you make the right choices, and do let me be your guide to explore your options and see how you can make your hard-earned money work for you.