Thematic Research Singapore 23 August 2019 Strategy - Singapore Singapore Thematic Remaking Singapore: a Never-Ending Process Singapore’s transformation never stops. Constrained by space and Analysts population size, Singapore (SG) has always had to think smart to meet its challenges. With a clear vision on development and strong leadership, its Consumer performance over the past few decades has been remarkable. However, the Juliana Cai, CFA country is not resting on its laurels and continues to work towards +65 6232 3871 transforming the economy, to better navigate uncharted waters of an
[email protected] increasingly turbulent and uncertain world. We believe government policies Financials that address the demographic changes, disrupt existing industries through introducing technology, and help in building world-class infrastructure, will Leng Seng Choon, CFA be some of the key changes that SG will witness over the next decade. +65 6232 3890
[email protected] Real estate sector to evolve amidst demographic changes. While Property & REITs slowing population growth may seem negative for the real estate sector, we believe declining average household sizes among residents will continue to Vijay Natarajan create annual housing demand of c.20,000 homes, similar to the last +65 6232 3872 decade. Also, increased focus on the creation of retirement villages to cater
[email protected] to an ageing population will keep developers busy over the long term. City Electronics & Manufacturing Developments, being one of the pioneers in the Singapore real estate Jarick Seet sector, is expected to play a key role in this transformation. +65 6232 3891 Consumer sector may struggle to adapt to policy and demographic
[email protected] changes.