atans1

Still want to buy property in M’sia especially Iskandar?

In Malaysia on 21/12/2014 at 4:24 am

Getting cheaper by the day: both prices and M$*.

https://sg.news.yahoo.com/tough-times-ahead-iskandar-malaysia-properties-153737651.html

Soon Fandi will beable to afford to retire in M’sia. But he might find the tolls too expensive: S$13.10 to JB and S$12.40 at Tuas, and another S$7.70 (M$20) from next yr according to M’sian govt.

*Updated at 5.45pm

The Singapore dollar continued to weaken against the US dollar on Friday (Dec 19). While currency strategists are anticipating the downward trend to continue – with the US Federal Reserve expected to hike interest rates – they also see the Singapore dollar maintaining a strong position against some of its regional counterparts.

The US economy is showing strong signs of recovery as indicators like growth and jobs continue to gather momentum – that is helping to drive up the greenback as the US Federal Reserve tightens its monetary policy.

The Singapore dollar has been on a steady downward slide in recent months and currency strategists expect it to end the year fairly stable at around S$1.31.

Mr Khoon Goh, a senior FX strategist with ANZ, said: “For the Singapore dollar, we are expecting it to be fairly stable going into the year-end. Based on current levels, it will probably end at around the S$1.31 level. Heading into the next year, we are expecting a further depreciation of the Singapore dollar. We are forecasting a year-end 2015 target of 1.33. 

“This is a fairly modest depreciation against the US dollar, and that is partly because we expect the Monetary Authority of Singapore to continue to maintain its policy of a modest and gradual appreciation of the SGD NEER basket. Against other regional currencies, however, I think that is where the SGD is set to outperform.”

Against regional currencies, the Singapore dollar has hit historical highs against the Malaysian ringgit and Indonesian rupiah. It has also gained ground on the yen due to monetary easing by the Bank of Japan.

“In that sense, the Singapore dollar has held up quite well against these currencies, but the Singapore dollar has also underperformed against the likes of the Thai baht, Philippine peso and Chinese currency,” said Mr Sim Moh Siong, director and FX strategist at the Bank of Singapore.

“The ‘middle of the pack’ ranking will likely stick as we head into next year. If you look at the Singapore dollar relative to its basket, it has been pretty stable, even amidst the emerging market turbulence led by the big drop in the Russian rouble and oil price decline,” he added.

Amid current volatility linked to oil price declines, the Singapore dollar has been relatively stable compared to currencies of oil exporting economies. With its strong fundamentals, it is being seen as a safe haven among regional and emerging market currencies. Therefore, market watchers said that it remains attractive to investors in times of financial market uncertainty.

CNA

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  1. foreigners who buy properties in iskandar m’sia must have IQ like room temperature. lol.

  2. The price of oil has plummeted. So where Malaysia ‘s G going to get money to replace this huge sum of revenue lost. From you Singaporeans lol. After all where can you (Singaporeans) drive your cars? How many rounds can you drive around this little “RED DOT? So our G just too happy to follow lol. And blame it on the Malaysia G. Whatever you Malaysia G do to Singaporeans we match you lol. WTF logic?

  3. Today,I received another excellent advice, “New Swiss Bank Accounts.” based in Canada,it is worth looking into.
    http://www.lombardifinancial.com/reports/InvestingWithMichael/index_0717.php?dept=PC&sb=EBLAST&sdate=12202014

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