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On 7th Dec 2011, the Singapore government announced that it would impose an Additional Buyer's Stamp Duty (ABSD) to moderate investment demand for private residential property and promote a more stable and sustainable market. This is needed in view of the stubbornly high inflation rate in Singapore amidst the slowing demand from developed markets. For those who don't know, inflation rate in Singapore was mainly contributed by surging property prices. The ABSD was effective 8 Dec 2011. After the  announcement , property-related stocks slumped last week, following by a slump in banking stocks because of an expected slower housing loan growth. The latest measures are a near-term negative for property developers with an anticipated trend in lower average selling prices and transactional volumes, which will hurt profitability. Nevertheless, most large-cap property developers in Singapore are relatively well diversified, not just across sectors (industrial and commercial), but also...

Singapore is into a new era now after opening its door to casinos, which attracted massive foreign direct investments. The small little island poised to grow further boosted by various industry, not only gaming. "The fund enables investors to participate in the growth prospects of Singapore's resilient economy and attractive valuations. Investors can ride on the potential upside of the Singapore dollar over time," said CEO Yeoh Kim Hong. About the fund The fund seeks to achieve capital growth over the medium-to-long term mainly by investing in Singapore stocks, though it may invest up to 30% of its NAV in global markets. As such, the fund will invest in a diversified portfolio of blue chips, index stocks and growth stocks. "The fund would focus on sectors with resilient growth prospects such as banking and finance, properties and real estate investment trusts, consumer, offshore and marine engineering groups, services and commodity sectors," added the CEO. Inves...