Roar Of The Dragon Babies!

The Chinese zodiac dragon year is here once every 12 years. The birth rate this year has a significant impact to the whole country in the years to come. For example, primary school intake has to be expended to accommodate the larger intake, right up to secondary school, National Service and post secondary education. The competition among the children born this year will be most intense.

Well, for financial planners, the opportunities are going to be amazing. With parents nowadays so focus on their children, many even take the proactive approach to get at least an education plan for them the day after the child is born. Foresee that the insurance industry will carry on to boom with this market segment.

For property segment, the supply of new homes, seller stamp duties and the buyer stamp duties is going to halt the rate of price increase. Do note that it is the rate and not a price decrease. With no major crisis in the foreseeable future, interest rates carry on to be near zero, there is little incentive to dump properties before a price reduction occurs. Demand may be less but so is supply as most can choose to hold.

Just a short post to wish everyone a Blessed New Year!

Xing Nian Kuai Le, Wan Shi Ru Yi, Shen Ti Jian Kang, Gong Xi Fa Cai!
Happy New Year, Best Wishes for Health and Wealth!