Property and economic outlook in the Year of the Fire Monkey

By Tan Chee Yuen / The Edge Property | January 25, 2016 9:00 AM SGT
As the Year of the Wood Goat draws to a close, more than 2,000 people turned up at Marina Bay Sands on Jan 16 for a Feng Shui & Astrology Seminar with Joey Yap to gather insights on the upcoming Year of the Fire Monkey.
Despite the raft of negative economic headlines, Yap is somewhat positive on the property, insurance and construction sectors. “These industries are represented by the earth elements and are expected to have robust earnings,” he explains.
Owing to a weaker earth element, however, they might not be able to tap its financial prospects fully of a lack of right products and opportunities. Yap indicates that there will be financial opportunities through real estate and property investments, encouraging the crowd to invest in property companies with a strong brand and reputation and opt for longer-term investments for better returns.
Yap based his analysis on BaZi, feng shui and Qi Men Dun Jia — an ancient form of divination from China, which is believed to have been used at the Battle of Red Cliffs in the defeat of Cao Cao’s ship-borne army.
Yap: Invest in property companies with a strong brand and reputation and opt for longer-term investments for better returns
More than 2,000 participants attended Joey Yap’s Feng Shui & Astrology seminar at Marina Bay Sands
Opportunities amid challenges
Firms in the metal industries, such as banking and finance, automobiles and manufacturing, are expected to see more competition and conflict, although there will be collaborations and positive financial outcomes.
Competition will also heat up among firms in the water industries, driven by financial opportunities, says Yap. Such industries include logistics and transportation, beverages, aquatics, as well as service-based and tourism businesses. The challenge for businesses is to come up with a good business model.
Separately, the fire...