Are Singaporeans Confident in Their Country?

(Picture: Shutterstock)

(Picture: Shutterstock)

Despite geo-political disruptions and financial market uncertainties do Singapore investors remain confident in their domestic economy and government investment schemes?

New findings come from the Global Investment Survey 2016 conducted by Legg Mason Global Asset Management, a leading asset manager with 651.5 billion dollars of assets under management. The company interviewed around 200 affluent Singaporean investors, including adult investors over 40 and millennials.

Interestingly, while a high percentage of Singapore investors surveyed viewed that the global economy has not fully recovered from the 2007/2008 financial crisis, a majority of Singapore investors were confident in their own country’s economy.  

Other key Findings

The majority of older 78 percent and millennial 89 percent investors agreed that Singapore property prices are overvalued. Only 29 percent of the respondents viewed real estate as representing one of their top three investment opportunities in 2016, a sharp decline in sentiment from 41 percent in 2015 and 49 percent in 2014.

China and the US remained the top two markets representing the best investment opportunities, with older investors favouring the US over China, compared to millennial investors. And 79 percent of older and 77 percent of millennial Singapore investors note that the Singapore Savings Bond (SSB) scheme has made investing more accessible for Singapore investors

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