As we are near the end of the first quarter in 2018, we take a look back and see how the year has started on a happy note.
Singapore’s GDP grows 3.5 percent in 2017. Salaries are expected to rise 3.9 percent this year. The stock market continues to close at new record highs. An en bloc deal is closed every other week, the latest being the second-largest ever recorded sale of Pacific Mansion at S$980 million.
Singaporeans have all the reasons to be happy. Still, Singapore ranks only 34th in United Nation’s newly published 2018 World Happiness Report, after dropping eight positions from the previous year.
According to a 2015 study by the WHO (World Health Organization), Singapore has the highest depression rate in Asia. The Institute of Mental Health revealed that there was a 20 percent increase in cases of major depressive disorder between 2014 and 2016.