Meyado is sponsoring this years Rugby 7's in Singapore.
If you would like to come along as our guest we would love to welcome you. Contact us via the website for an invitation.
www.meyado.com.sg
Wednesday, August 17, 2011
Sunday, July 17, 2011
Meyado Enters the Standard Chartered 10k Run
We have confirmed entrance for the December 4th 10k run in Singapore. We were too small to enter a corporate team as you needed 25 runners, but we've all entered and are now in active training.
This is a great example of our ethos of Helping People and Achieving Goals
More info here
This is a great example of our ethos of Helping People and Achieving Goals
More info here
Tuesday, July 12, 2011
Updated Meyado Singapore Website Features
We are pleased to confirm the launch of our client section of the Meyado Singapore website.
Clients can now log in and access a range of services including full online administration support, asset allocation recommendations and valuations of their investments. Additionally all member clients now have access to the exclusive Meyado investment platform giving cost effective and flexible access to thousands of funds and ETF's.
For more details visit http://www.meyado.com.sg/ and click on Straits Membership
Clients can now log in and access a range of services including full online administration support, asset allocation recommendations and valuations of their investments. Additionally all member clients now have access to the exclusive Meyado investment platform giving cost effective and flexible access to thousands of funds and ETF's.
For more details visit http://www.meyado.com.sg/ and click on Straits Membership
Singapore ranked 8th most expensive city for expats
LONDON - SINGAPORE has entered the top 10 list of Mercer's 2011 cost of living survey, moving up two spots to be ranked the 8th most expensive city for expatriates. Angola's capital, Luanda, has retained the unenviable title of the world's most expensive city for expatriates, narrowly edging out Tokyo, according to the survey published on Tuesday.
At the other end of the scale, the Mercer group's study named the Pakistani port Karachi as the least expensive city, with living around three times cheaper than in Luanda.
New entries in the top 10 list of the costliest cities in the world for expatriates are Singapore (8), up from 11, and Sao Paolo (10), which has jumped 11 places since the 2010 ranking.
The most expensive city in Asia is Tokyo (2), followed by Osaka (6). Singapore (8) has joined the list of the world's top 10 most expensive cities in the world due to the strengthening of the Singapore Dollar and the substantial increase in housing costs.
It is followed by Hong Kong (9) whose ranking dropped by one position due to the devaluation of the Hong Kong Dollar which is pegged to the US Dollar, even though there was considerable increase in housing costs.
During the past year, the US Dollar has devalued against most Asian currencies. In particular, the Singapore Dollar and Australian Dollar appreciated considerably, not only against the US Dollar, but against other currencies such as the Euro and British Pound. -- AFP
Background:
The Mercer cost of living survey covers 214 cities across five continents and measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment. It is the world's most comprehensive cost of living survey and is designed to help multinational companies and governments determine compensation allowances for their expatriate employees. New York is used as the base city and all cities are compared against New York. Currency movements are measured against the US dollar. The cost of housing - often the biggest expense for expatriates - plays an important part in determining where cities are ranked.
At the other end of the scale, the Mercer group's study named the Pakistani port Karachi as the least expensive city, with living around three times cheaper than in Luanda.
New entries in the top 10 list of the costliest cities in the world for expatriates are Singapore (8), up from 11, and Sao Paolo (10), which has jumped 11 places since the 2010 ranking.
The most expensive city in Asia is Tokyo (2), followed by Osaka (6). Singapore (8) has joined the list of the world's top 10 most expensive cities in the world due to the strengthening of the Singapore Dollar and the substantial increase in housing costs.
It is followed by Hong Kong (9) whose ranking dropped by one position due to the devaluation of the Hong Kong Dollar which is pegged to the US Dollar, even though there was considerable increase in housing costs.
During the past year, the US Dollar has devalued against most Asian currencies. In particular, the Singapore Dollar and Australian Dollar appreciated considerably, not only against the US Dollar, but against other currencies such as the Euro and British Pound. -- AFP
Background:
The Mercer cost of living survey covers 214 cities across five continents and measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment. It is the world's most comprehensive cost of living survey and is designed to help multinational companies and governments determine compensation allowances for their expatriate employees. New York is used as the base city and all cities are compared against New York. Currency movements are measured against the US dollar. The cost of housing - often the biggest expense for expatriates - plays an important part in determining where cities are ranked.
Monday, July 11, 2011
Sunday, June 26, 2011
Thursday, June 2, 2011
Singapore Property Market View
When a country registers a 15 percent growth rate, as Singapore did last year, there is bound to be a spill-over wealth effect. Singapore’s housing market has been cashing in on this big time - prices have rebounded 50 percent in just two years, according to the Urban Redevelopment Authority, and cooling measures by the government have done little to calm them.
By 2014 an unprecedented number of housing units are expected to enter the Singapore market.
At a recent real estate conference organized by the National University of Singapore, which explored the theme “Will the boom never end,” Chua Chor Hoon, Head of South East Asia Research at property consultancy DTZ, said the Singapore residential market is not likely to decline much because of strong economic growth. But, she also outlined a worst-case scenario, which could unfold as early as 2013-2014. "If all the ingredients come together it will make a perfect storm," she told the audience.
These ingredients include falling demand, more supply and higher interest rates all kicking in together.
Interest rates in Singapore are currently at record lows because lending rates in the city-state track U.S. monetary policy. That’s allowed some homebuyers to pay less than one percent in the first year of their loans, says Chua. Most analysts, however, expect interest rates to begin moving higher later this year.
Second, in 2014 an unprecedented number of housing units are expected to enter the market. According to the URA’s latest quarterly report, 32,359 units will be completed over 2013 and 2014 that is 85 percent more than the 17,501 units expected over 2011 and 2012.
Add to this the fact that Singapore’s price-to-rent ratio has increased from 20 in 2009, during the financial crisis, to 25 currently, according to URA and DTZ research. That means it will take 25 years for a homebuyer to recover, through rents, what he paid for the house. As a result, Chua says, people investing in this market often have a short-term view looking to “flip” the property for capital gains.
Foreign buyers are also helping boost Singapore’s property market, especially at the high end. According to DTZ’s latest report, foreign buyers of private homes in the first quarter of 2011 touched a record high of 16 percent. But Chua points out that this could drop, if the government further tightens immigration rules.
“Local concerns about high housing prices and the influx of foreigners that were magnified during the recent General Election will be a catalyst for the review of immigration and housing policies, which could dampen demand in the residential market in the coming months, ” Chua wrote in a report.
While growth forecasts for Singapore over the next five years at 4-6 percent will support the property market says Chua, one cannot rule out another unforeseen external crisis like the financial meltdown, which could also lead to a market crash. While the bulls might find it hard to believe that something like that can happen again, another speaker at the same conference had this to say: “We always think this time it will be different, but it never is.”
By: Gauri Bhatia
Features Editor, CNBC.com Asia Pacific
Contact Meyado to discuss how this may affect you
By 2014 an unprecedented number of housing units are expected to enter the Singapore market.
At a recent real estate conference organized by the National University of Singapore, which explored the theme “Will the boom never end,” Chua Chor Hoon, Head of South East Asia Research at property consultancy DTZ, said the Singapore residential market is not likely to decline much because of strong economic growth. But, she also outlined a worst-case scenario, which could unfold as early as 2013-2014. "If all the ingredients come together it will make a perfect storm," she told the audience.
These ingredients include falling demand, more supply and higher interest rates all kicking in together.
Interest rates in Singapore are currently at record lows because lending rates in the city-state track U.S. monetary policy. That’s allowed some homebuyers to pay less than one percent in the first year of their loans, says Chua. Most analysts, however, expect interest rates to begin moving higher later this year.
Second, in 2014 an unprecedented number of housing units are expected to enter the market. According to the URA’s latest quarterly report, 32,359 units will be completed over 2013 and 2014 that is 85 percent more than the 17,501 units expected over 2011 and 2012.
Add to this the fact that Singapore’s price-to-rent ratio has increased from 20 in 2009, during the financial crisis, to 25 currently, according to URA and DTZ research. That means it will take 25 years for a homebuyer to recover, through rents, what he paid for the house. As a result, Chua says, people investing in this market often have a short-term view looking to “flip” the property for capital gains.
Foreign buyers are also helping boost Singapore’s property market, especially at the high end. According to DTZ’s latest report, foreign buyers of private homes in the first quarter of 2011 touched a record high of 16 percent. But Chua points out that this could drop, if the government further tightens immigration rules.
“Local concerns about high housing prices and the influx of foreigners that were magnified during the recent General Election will be a catalyst for the review of immigration and housing policies, which could dampen demand in the residential market in the coming months, ” Chua wrote in a report.
While growth forecasts for Singapore over the next five years at 4-6 percent will support the property market says Chua, one cannot rule out another unforeseen external crisis like the financial meltdown, which could also lead to a market crash. While the bulls might find it hard to believe that something like that can happen again, another speaker at the same conference had this to say: “We always think this time it will be different, but it never is.”
By: Gauri Bhatia
Features Editor, CNBC.com Asia Pacific
Contact Meyado to discuss how this may affect you
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About Me
- Mark Paine
- I joined Meyado Private Wealth Management as an international financial adviser in 1993. I have lived and worked in the USA, Europe, the Middle East and currently reside in Singapore in South East Asia where I am Managing Director of Meyado Pte. I am a qualified Financial Representative in Singapore under the MAS Financial Advisers Act as well as holding UK FSA CFP and FPC examinations and a BSc in Business and Law from the University of Hertfordshire in the UK. You can contact me at markpaine@meyado.com
