Market consolidation continues as we prepare for reopening Choosing to face COVID-19 as an endemic has done both its good and bad for the nation-state. On the better side of things, if it works, it will be a successful model for the world and hence allow Singapore to be the safest hub for the region. Coupled with the well-funded aviation industry, we should expect to see increased traffic thru Singapore when more people travel abroad. However, Hong Kong did express disagreement as they are still in the midst of eradicating the virus completely. As such, they might be scrapping the travel bubble with Singapore. In a way, I see this as a win as it is impossible to keep transmission levels at 0 because none of the vaccines can prevent the virus completely. Therefore, if their policy restricts international travel for leisure, education, and medical tourism then Singapore is bound to prevail if we manage to keep the virus at bay while resuming a new version of “normal life”. Overall, my sentiments remain positive for Singapore’s market and we can expect a further recovery in the weeks to come....