Congratulations Singapore! Singapore has overtaken Hong Kong to become Asia's top financial centre, behind New York and London. It has been quite long coming ever since Hong Kong followed China's strict covid policy. Many global fund managers have already set up offices in Singapore, relocating the senior folks from Hong Kong and hiring young local talents. This bodes well for our REIT sectors (retail, office, hospitality) and are pushing up salaries of younger folks as well as the rental market. Many of my friends complained about their younger team members being poached and rental going up by 60-80% when they renewed their leases recently. Singapore just hosted Super Returns, a private equity event that was very well attended by global PE fund managers and investors this week. A slate of high-profile events including the Milken Institute Asia Summit, the Forbes Global CEO Conference and the Singapore Grand Prix will help to raise the...