Investing in Singapore property may not hedge effectively against the inflation that the world is facing today.
Mid-sized accounting firm Foo Kon Tan's managing director Kon Yin Tong told BT that its attrition rate has more than doubled from the previous year, even as talent pools shrank, with Nanyang Technological University (NTU) taking in fewer accountancy students.
The United States' Federal Reserve's historic rate hike will dampen growth in Singapore and Asean, while the higher interest rates will put pressure on households with mortgages and businesses looking to borrow.
The 4 assets are Jurong Point, AMK Hub, Mercatus' half-stake in Nex and 110,000 sq ft of strata space in Thomson Plaza.
It was not so long ago that the tech ecosystem was driving up the costs of rentals and manpower. But the sector is now showing signs of slowing, with multiple companies announcing hiring freezes and layoffs.