The last fortnight has seen a flurry of activity in the GCB (good class bungalow) segment.
Two weeks ago, gaming chair company Secretlab’s CEO Ian Ang purchased a GCB in Caldecott Hill for S$36 million.
Just a week later, Grab co-founder and CEO Anthony Tan snapped up a GCB in the Bin Tong area for a cool S$40 million.
And to complete the hat trick of GCB purchases, Razer (SEHK: 1337) CEO Tan Min Liang is reported to be interested in buying a GCB along Third Avenue for a whopping S$52.8 million.
This strong interest appears to signal that the property market remains buoyant despite Singapore’s economy going through one of its worst recessions in recent history.
That said, the economy appears to be on the mend, with flash estimates from the Ministry of Trade and Industry pointing to a growth of 14.3% for the second quarter of 2021.
But amid all the positive economic news, the flare up of the current COVID-19 KTV cluster is a keen reminder that risks remain even as recovery takes hold.
It’s unfortunate that Singapore has to shift back to a two-person dine-in rule, but we are optimistic that things will get better as more people get vaccinated.
And with earnings season approaching, it will be interesting to observe how REITs and blue chips are performing.
The road may be bumpy but here’s to better days ahead.
Here is a list of our top articles for the week.
1. Trying to Achieve FIRE? These 3 Stocks Can Speed Up That Process
“Financial independence, retire early” (FIRE) is the new buzz phrase. Here are three stocks you can own to speed up your FIRE journey.
2. These US 4 Companies are Well-Positioned for Further Growth
Looking for continued growth? These four US companies have what it takes to continue delivering.
3. These 5 REITs Have Strong Sponsors and Are Yielding Almost 4% or More
Investors should take a look at these five REITs that not only have strong sponsors but are also yielding close to 4% or more.
4. 5 Resilient US Companies Offering Sweet Dividends and Growth
Want to have the best of both worlds? You can with these five US companies that are offering a sweet mix of growth and dividends.
5. The Contenders Vying For The Multi-Billion Dollar Buy Now, Pay Later (BNPL) Industry
The Buy Now, Pay Later industry is expanding rapidly. We take a look at some of the major players within this sector.
6. Singapore’s Hot Housing Market Faces Risks from Cooling Measures
Singapore’s property market has continued to defy gravity. As prices continue heading up, investors can expect possible cooling measures to be imposed.
7. Singtel Looks to Unlock Value: 5 Highlights from the Telco’s Annual Report 2021
Singtel (SGX: Z74) is planning for a strategic reset of its business. Here are five highlights from the telco’s latest annual report.
8. 3 Reasons Why Investors Should Consider This Under the Radar Stock
Some companies may have solid business models but still fly under the radar. Here are three reasons why you should pay attention to this resilient stock.
9. Battle of Stocks (COVID Winner): Keppel DC REIT
Round one of the battle of stocks focused on COVID-19 winners. Keppel DC REIT (SGX: AJBU) emerged as the winner and we showcase why it remains so resilient.
10. Battle of Stocks (Property Moguls): Frasers Logistics & Commercial Trust
For round two of our battle of stocks, we looked at the property moguls sector. Frasers Logistics & Commercial Trust (SGX: BUOU) emerged triumphant and has displayed strong characteristics for continued asset and distribution per unit growth.
11. 3 Quick Steps You Can Take to Increase Dividends
Looking to bump up your dividend flow? Here are three steps you can take to gradually increase the dividends you receive.
12. 5 Common Mistakes Investors Make and How to Avoid Them
Here is a list of five common mistakes that investors make and how you should learn to avoid them.
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Please refer to the individual articles for stock ownership disclosures.
