Why are our Electricity and Public transport prices so high?
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Why are our Electricity and Public transport prices so high?
- Thread starter Byebye Penis
- Start date
Jinx losing money n must feed the 80 monkeys,oh should be 77,lol, 2 of them still fuck each other ,1 at home cbl waiting for F1
Just look at your SP monthly bills, the total amount of water gas and electricity has increased by 25-30% compared to last year, much more than the rebates given.
Singapore Power must have made billion $ of profit, the higher the oil price, SP makes even higher pofit
Without rebates, the bill is lower, lol!
It is because our leaders are clawing back the money from all the relief given to the people during Covid-19. Remember that there is no free lunch in S'pore. For every chicken wing we are given, a whole chicken will be taken back.
90％ vote for this. So shut the fuck up.
becos PAP is a CORRUPT PARTY and just want to benefit their own ELITES
95 petrol was below $3 when crude oil was almost $150 per barrel
95 petrol now $2.90 AFTER discount and crude oil is $80 per barrel......go figure where the money went to
95 petrol now $2.90 AFTER discount and crude oil is $80 per barrel......go figure where the money went to
The payment eventually goes back to hiring sinkies at sembcorp and all sinkies as shareholders of temasick. It's a nice socialist financial recycling.
Israel? For boosting SAF as a impregnable force scaring neighbouring army from attacking.
Leemember, more help coming for the poors
We are in good hands.
Very sustainable mah
S'pore is ranked by Forbes, The Economist and IMF as No. 4 in the world cronyism index which measures the % of billionaires with family or personal ties to the Govt.
One Lau Cheebye once said "Whats wrong with making more money?"....
https://www.google.com/amp/s/m.inve...lt-says-morgan-stanley-93CH-3227974?ampMode=1
Keep calm, keep huat la huat la
All is not lost
Keep calm, keep huat la huat la
All is not lost
Morgan Stanley analysts highlighted the potential end of Singapore's longest private home price rally since the 1980s. The firm anticipates a slowdown in the real estate market due to an imbalance between demand and supply, coupled with high stamp duties expected to deter foreign buyers and deter public housing upgrades.
This prediction comes on the heels of an unexpected price rise in Q3 2023. However, the number of investors is expected to decline as more land than ever in the past decade is set to be put up for sale. In contrast, Hong Kong has taken steps to revive its property sector by cutting housing taxes.
The analysts foresee a 3% reduction in home prices by 2024, which they predict will last for two years. The FTSE ST All-Share Real Estate Index has already fallen by 13% this year compared to a 3.3% fall in Singapore's equity benchmark.
Morgan Stanley's note from Tuesday also detailed downgrades for key property developers City Developments Ltd. and UOL Group Ltd. in anticipation of these market changes. There's a risk of both UOL and City Developments being removed from the MSCI Singapore Index, which, along with high borrowing costs, could affect their valuations. Both developers' stocks declined more than 2% each today, according to relative returns data compiled by Bloomberg.
The real estate sector has underperformed compared to the Straits Times Index this year. Measures have been implemented to cool the overheated market and a decline in home rents is expected. The analysts expressed a preference for asset managers and real estate investment trusts, citing fewer structural and cyclical headwinds for these groups.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
This prediction comes on the heels of an unexpected price rise in Q3 2023. However, the number of investors is expected to decline as more land than ever in the past decade is set to be put up for sale. In contrast, Hong Kong has taken steps to revive its property sector by cutting housing taxes.
The analysts foresee a 3% reduction in home prices by 2024, which they predict will last for two years. The FTSE ST All-Share Real Estate Index has already fallen by 13% this year compared to a 3.3% fall in Singapore's equity benchmark.
Morgan Stanley's note from Tuesday also detailed downgrades for key property developers City Developments Ltd. and UOL Group Ltd. in anticipation of these market changes. There's a risk of both UOL and City Developments being removed from the MSCI Singapore Index, which, along with high borrowing costs, could affect their valuations. Both developers' stocks declined more than 2% each today, according to relative returns data compiled by Bloomberg.
The real estate sector has underperformed compared to the Straits Times Index this year. Measures have been implemented to cool the overheated market and a decline in home rents is expected. The analysts expressed a preference for asset managers and real estate investment trusts, citing fewer structural and cyclical headwinds for these groups.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Make so much noise for what? Not happy vote opposition lah.
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