Recession? Singapore Is An Exception

🇸🇬 🇸🇬 Recession? Singapore golf club membership prices hit new highs in 2022, fuelled by an influx of fresh foreign money
Sentosa Golf Club local membership – open to Singaporeans and permanent residents – is now pushing above $500,000, while Singapore Island Country Club (SICC) membership recently hit $300,000 – levels never seen before
We are bullish on growth next year, after a “year of resilience and outperformance” for Singapore in 2022. For 2023, we expect corporate earnings growth to remain strong, supported by banks
Investors Take Note: Singapore’s Straits Times Index was one of the region’s best performers in 2022, rising 4.2% y-o-y in US dollar (USD) terms
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