Is that some how I know there ain’t a local equities overpriced. Far from it. Funds are not enamored with the country’s equity. I don’t hear a lot of friends and acquaintances being additionally interested in it. What is particular telling is the state of Singapore equities. Since the past 6 years, there don’t seem to be some mid cap companies like Tat Hong, OSIM, Venture or Hyflux, taking leadership to become a bigger component of the Singapore market. When you look at the IPOs, there is a distinct lack of quality as well. In fact, most of the  new listings are either commodity players , REITs and business trusts or property companies. This country seem to be in some sort of a funk. That don’t seem to be how a first world developed nation seem  to be going. To add to that, the friends who owns a HDB, who ......