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According to Chinese astrology, 2022 is the Year of the Water Tiger — a creature that signifies great ambitions, exuberate confidence and independence.
The probability of whether the tiger year brings luck to investors depends on the various factors that are currently in play. With Omicron surfacing and fresh new property cooling measures in place, will this still be an auspicious year?
Whether you believe in Chinese astrology and the Zodiac system or not, in the essence of fun and insightful exploration, we examined the previous Tiger years (2010, 1998) to understand how the economy and the housing market performed.
Perhaps there could be a trend that we can learn and look out from?
1998: Tail-end of the Asian Financial Crisis
Source: Ohmyhome Research, HDB, URA, Singstats, MOM, MTI
The Singapore economy was met with heavy turbulence during the period between 1997 to 1998 due to the Asian financial crisis....