Singapore faces two tough obstacles in 2017: increased restrictions on capital outflow and the tricky political situation with China, according to brokerage firm Maybank Kim Eng. The government has been trying to rein in a widening trade deficit by raising taxes for foreign investors who buy property or invest in real estate. In the political arena, Maybank noted the country had to tread a careful path, amid rising tensions between the US and China, as well as contending with other ASEAN countries jockeying for position with the latter nation.
Singapore faces two tough obstacles in 2017: increased restrictions on capital outflow and the tricky political situation with China, according to brokerage firm Maybank Kim Eng. It said central banks tightening up on possible capital flight in the region could impact negatively on foreign investors looking to buy into the Singaporean housing market. In the political arena, Maybank noted the country had to tread a careful path, amid rising tensions between the US and China, as well as contending with other ASEAN countries jockeying for position with the latter nation.