As Singapore continues to invest in infrastructure, i.e. new mrt lines, new town centres etc. one thing is certain, the population will continue to grow. When we look at the density in Hong Kong, Singapore still has quite some way to go. With population, inflation is a certainty, so we need to invest to make sure our money doesn’t depreciate over time. So what are the investments that are driven by population growth? 1. Healthcare Services / Healthcare REITs While healthcare services do not trade at a cheap valuation, they will be a primary beneficiary not just from population growth as it is a necessity. The ageing population also requires more healthcare services than a young population. Healthcare REITs can also be a major beneficiary as they own the hospitals which are rented out to healthcare providers. Some examples are Raffles Medical/Parkway REIT 2. Consumer Goods With population growth, ......