It’s been almost one and a half years since my last blog post. Markets had until late been overwhelmingly positive after Trump’s elections despite initial concerns. All this led to a dramatic decline in me writing as the markets roared ahead.

Singapore underwent something unique only to it – the enbloc craze. This development swept to the property sector too and listed property stocks faced a dramatic uplift in prices.

Fast forward to today, the mood has darkened considerably. We had some real volatility at the start of the year, as well as some real sustained price declines focused around emerging markets.

It’s had been a long time since we have had any real volatility – something I found particularly unsettling as the only real guarantee for volatility is the lack of it. One can almost think of it as the calm before the storm.

The lack of volatility contributed …