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Ask the expert: What lies ahead for finance in 2022?

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Remember 2021? Most of us entered last year with a misplaced optimism. From a volatile transition to a new US administration, a widespread Covid-19 vaccine rollout, rising inflation, an energy crisis, regulatory crackdowns in China and Omicron fears, “eventful” is an understatement when it comes to describing it. While Bloomberg announced that the S&P 500 reached record highs over 60 times, China and Hong Kong were among the weakest performers globally. This is unlikely to be repeated in 2022, however there are some themes that will remain important.

Sustainable Investing

Investing sustainably can be 27 times more efficient than reducing meat consumption, taking the train instead of the car, taking fewer flights and shortening your shower time. Sustainable finance has gathered significant momentum. To achieve success, the private sector must play an increasing role in funding sustainable technologies and innovations. 

Many investors are cynical about the responsible aim for investing (and the concept of ‘greenwashing’). It’s important to understand who is sincere about driving investment returns and positive change for the planet.

Inflation

One of the risks that emerged in 2021 was inflation. The Fed officially retired the word ‘transitory’ in December and central banks have been taking a tougher stance to address inflation. Investors need to be vigilant and avoid overconfidence in any type of market speculation, particularly with investments. We expect to see volatility pick up again, with uncertainties prevailing from central bank tapering, and interest rate risks and economic, political and geopolitical uncertainties.

To ride this out, investors should be mindful of the impact of growing inflation on holding cash. Investments that can protect from inflation over time include physical assets and equities, noting that companies with an edge in the market will typically be passing on rising costs to customers in the form of higher prices charged for their goods and services.

China

Whenever certain markets or sectors have done well in the past, we receive the highest number of enquiries about investing there (and vice versa). In behavioural finance, this phenomenon is called “recency bias”. It can be damaging as it can lead to investors buying high and selling low since asset prices already reflect good or bad news coverage and investor views on trend continuation. Whilst our longer-term outlook on China is optimistic (benefiting many regional assets too), we’re not confident that we will see a trend continuation in China markets in the short term.

In Conclusion

2022 will not mirror 2021. In summary:

  • Sustainable investment is here to stay but be selective in your deployment 
  • Inflation is rising (off a low base) so don’t sit on excess cash and invest in inflation proof assets
  • Interest rate increases are on the way so avoid over-leveraging
  • The future for China is uncertain in the short term, so remain diversified across geographies in addition to industries, currencies, and asset classes. 

Steve Settle works in tandem with Tristan Perry, Head of Tax at Select Investors Australia, to support expatriates with their financial wellbeing through integrated tax and wealth planning during their time in Singapore and beyond.

The value of an investment will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.

 

Please note that Select Investors, a Partner Practice of St. James’s Place (Singapore) Private Limited and Select Investors Australia Pty Ltd do not work in legal partnership with each other and both are representatives of separate entities.

Contact Steve on steve.settle@sjpp.asia or +65 9776 0969 to arrange a consultation and discuss your planning needs for your financial future.

© S&P Dow Jones LLC 2021. All rights reserved.

The ‘St. James’s Place Partnership’ and the titles ‘Partner’ and ‘Partner Practice’ are marketing terms used to describe St. James’s Place representatives. Members of the St. James’s Place Partnership in Singapore represent St. James’s Place (Singapore) Private Limited, which is part of the St. James’s Place Wealth Management Group, and it is regulated by the Monetary Authority of Singapore and is a member of the Investment Management Association of Singapore and Association of Financial Advisers (Singapore). Company Registration No. 200406398R. Capital Markets Services Licence No. CMS100851. St. James’s Place Wealth Management Group Ltd Registered Office: St. James’s Place House, 1 Tetbury Road, Cirencester, Gloucestershire, GL7 1FP, United Kingdom. Registered in England Number 02627518.

Much of the content of this article was sourced from an article by Angelina Lai, Head of Division, Asia Investment at St. James’s Place. The full copy can be supplied on request.

How to sleep better & get a good night’s rest

Dogs alseep on bedIf there’s one thing everyone in Singapore wants in bed it’s a good night’s rest. Research consistently finds that the Lion City is high-ranking when it comes to sleep deprivation (along with Tokyo and Seoul). Add a pesky pandemic in the mix and close to 60 per cent of people in Singapore claim that their ability to sleep well has been directly impacted. 

Bad sleep is, well, bad all round. Depletion significantly affects your physical health, work, general safety, and feelings of mental wellbeing. So how can we achieve the sweet spot of seven to nine hours of sleep that the National Sleep Foundation claims 18 to 64 year-olds need? 

The first step is to take a long, hard look at yourself. If you opt for Wordle over winding down before bedtime, the onus could be on you. “The most common reason people struggle to get to good sleep at night is down to devices such as phones, tablets, laptops and TVs before bed,” confirms sleep expert Shubhra Venneti. “Subjecting your eyes and brain to blue light tricks your mind into thinking that the day is still continuing. Instead of your body naturally relaxing, it ends up pumping more chemicals to keep you awake since it’s under the false impression that daylight hasn’t ceased.”

Another culprit is alcohol. While a tipple can help you to fall asleep, it can seriously affect your sleep cycle, especially the REM portion where your body benefits from a significant amount of restorative healing. Continues Shubhra, “Poor food choices which affect gut health can also cause sleep issues, and in some cases, exercising before bedtime can propagate a surge of adrenaline to the body which leaves you on a high when you want to unwind.

Interestingly, when it comes to getting a quality session in the sack, studies show that those living in Australia and especially New Zealand appear to fare much better in the sleep stakes than their Asian counterparts (all that fresh air, perhaps?). However, before you start googling properties in the Blue Mountains and packing your bags, there are some practical things you can do to up your sleep game. 

Sleepers in Singapore average 6.6 hours’ sleep on weekdays, and 7.3 hours on weekends

Sleep like you mean it

Don’t lay awake wondering why it’s not working – read on.Comfortable bed

  • Let there be light. Aim to get at least 20 mins of sunlight/daylight every day. This helps your circadian rhythm (the physical, mental and behavioural body changes that follow a 24-hour cycle) to set. These natural processes regulate other biological systems that are vital to our health 
  • Move your muscles. We were built for movement and without it, the body can find it harder to sleep. “Even if you walk for 15-20 mins a day (minimum), it will go towards helping your sleep quality. If you need to exercise in the evening, do so at least 1-2 hours before bedtime.”
  • Cut the coffee. Caffeine sensitivity varies from person to person. Says Shubhra, “For most people, I recommend 2pm as the cut off. But if you still get to bed and feel tired but can’t switch off, consider making your caffeine cut-off earlier.” Ideally you should be drifting off within 10-20 minutes of getting in between the sheets
  • Cool it down. Whatever feels like 18-22 degrees celsius to you will help you sleep better. If you’re too warm, it can cause discomfort and also lead to waking up
  • Eat at least three hours before bed. If you need to snack, do so at least two hours before bed. “Your stomach needs time to break down food particles to release different chemical processes as part of your digestion,” warns Shubhra. “A heavy meal before bed can stop you falling asleep and affect sleep quality as your body has to focus on digestion (a lot of work!), rather than rest and recuperation.”
  • Stay regular. Got to bed at night and rise in the morning at the same time. These times should allow you to fall asleep within 10-20 mins of bedtime and at waking up, you can get up instantly and feel alert, or you have time to lie for 20 minutes for your whole system to slowly “wake up” before you actually get out of bed. These timings should continue for seven days a week, except for when travelling or entering a new time zone  
  • Create a routine. “A consistent wind-down hour and power-up-hour sets your body’s rhythms up and help the whole sleep experience,” says Shubhra. “Your wind-down hour should be in lowered lights, with yellow bulbs or blue-light blocking bulbs. Take a warm shower to help you to relax, and after getting into sleepwear, write a gratitude journal or a next-day to-do list. If you can, set items out ready for the next day. Stretch or do some deep breathing before getting under the covers, then allow for total darkness to help you drift away.”
  • Set up your sanctuary. Make sure your bedroom is only where you sleep or have sex. If you associate it with notions of “trying to go to sleep”, where you have heated discussions with your partner, or where you watch Netflix, your brain will find it harder to wind down effectively. Surround yourself with soothing colours and opt for comfy bedding.

The men’s group in Singapore supporting male mental health

When did you start Men’s Group Singapore and what is its purpose?
Back in 2017 I wasn’t in a great place personally. Living away from home, I realised how I was missing the support and company of men in my life. This absence of connection is why I created Men’s Group in April 2018. I wanted to reconnect with masculine energy and provide a safe space where men could talk in general.

How did you initiate the first meeting?
I created the group on meetup.com, describing the group’s purpose. Surprisingly, people quickly started to join up and attend meetings. Today there are over 400 members, but I’d say that only 7-10% have come to a meeting. I know how much courage is required for men to join a group like this – I went through it myself – but it’s been an honour to witness some men’s evolution over the years.

What can a guy in Singapore expect from Men’s Group?
We meet every Tuesday evening in person or online depending on numbers, and a session can last a couple of hours. I keep it to a structure: we start with a grounding practice, then remind ourselves of ‘the five agreements’ which are self-respect, respect towards one another, confidentiality, fully showing up, and not fixing people. We then encourage open shares.

“Men have been conditioned to shut down their feelings”


Can you give us an insight into what you talk about?

We just talk about life: celebrations, struggles, challenges. We keep the conversation away from certain subjects such as politics, religion, football, money, business and alcohol. When a man is open to sharing, he opens himself up to vulnerability but also impactful feedback. Each meetup is an opportunity to practice the art of being authentic by sharing issues without judgement. Once something is shared, others can hopefully relate to it. My hope is that our members can take what they learn and apply it to everyday life.

Do members open up easily?
In the beginning, I’d prepare subjects for discussion and set out challenging questions for everyone to think about. Now I rarely have to instigate the conversation. Every time members have a weight to get off their chest, whether that be with regard to relationships, spirituality, mental health, decision making, and so on.

Do you think there’s enough emotional support for men here in Singapore?
Males have the same capacity as females to access their emotions, but men have been conditioned to shut down their feelings. “Men don’t cry” or “Man up” are phrases that incapacitate men to connect with their emotions.

How does the Brave Heart Men programme work?
It’s a nine week module that runs throughout the year in parallel to Men’s Group. It includes specific private practices and exercises to take members on a journey of self-discovery and self-mastery; to shine a light on their current life and potential. We use martial arts to open up and access warrior energy and there’s also private coaching. The aim is for participants to come out physically fitter, emotionally stronger, mentally more stable, spiritually more potent, and with new healthy habits.

Find Men’s Group at mensgroupsg.info and the Brave Heart Men programme at braveheartmen.training

New Zealand High Commission: New Visitors & Friends

The New Zealand delegation: Air Vice Marshall Tony Davies (centre), with Lieutenant Colonel Wendy Wright (far right), Assistant Defence Adviser Lieutenant Commander Mark Douglas and Amy Ching (far left), at the Sherpa Meeting held in the Ballroom of the Fullerton Hotel

Welcome to SINGAPORE
In January, we received our first visitors of the year. Defence officials from across the region and the globe, including from the New Zealand Defence Force, were in Singapore to attend the International Institute for Strategic Studies Shangri-La Dialogue Sherpa Meeting. The team from New Zealand also took the opportunity to have bilateral discussions with their counterparts in the Singapore Armed Forces, while the High Commissioner had a meeting with the Commander, Headquarters Integrated Area Defence System based at RMAF Butterworth in Malaysia. Here are some highlights from their trip:

Air Vice Marshall Tony Davies visiting the Information Fusion Centre and Regional Humanitarian and Disaster Relief Coordination Centre at Changi Navy Base
Air Vice Marshall Geoff Harland of the Royal Australian Air Force, Commander Headquarters Integrated Area Defence System, and Flight Sergeant Samantha Williams of the Royal Air Force, with High Commissioner Jo Tyndall and Defence Adviser Colonel Grant Motley
@bucketcaleb

Kiri & Ollie come to town!
The High Commission has two new friends – Kiri the Kiwi and Ollie the Otter. And just as New Zealand and Singapore look to cooperate more closely in 2022, Kiri and Ollie will be getting up to new adventures, so keep a close look out for them on our socials!

 

Stay updated
We know that the ever-changing Covid restrictions, particularly around travel back to New Zealand can be difficult to keep up with. To stay reliably informed with the latest advice, we urge Kiwis in Singapore to register themselves with SafeTravel New Zealand (safetravel.govt.nz/) to receive updates directly sent through to your phone or email address.

Other helpful links to keep an eye on are:
For updates on New Zealand’s Covid-19 situation: covid19.govt.nz
For travel into/ out of Singapore: safetravel.ica.gov.sg
For updates on Singapore’s COVID-19 situation: moh.gov.sg
For other enquiries, email us at NZHC.SIN@mfat.govt.nz

Hotspots: Fat Prince

Smoked Pork Ribeye at the Fat Prince ($31 per 100g)

Aussie Chef Simon Bell takes the helm at the Fat Prince launching a refreshed menu to deliver the depth of Middle Eastern flavours in an elevated and contemporary fashion. Exceptional produce is expertly curated into delicious, light, innovative dishes.

Chilled Oysters ($16)

For those of you who (like me) have been wowed by Ottolenghi’s rise to culinary fame and enjoyed recreating modern Middle Eastern food from his cook books, you’re going to love the Fat Prince. The elegance, complexity and skill of Chef Simon is obviously well beyond what a humble domestic cook will be whipping up at home but the ethos of gathering around the table to break bread and share stories over plates of light, healthy and fresh flavours from the region are at the heart of the customer experience here.

Our tasting menu began with a Cannellini Bean Hummus seasoned with lime juice, garlic and salt and topped with roasted red peppers and lime served with pita croutons. This was a much lighter version of a traditional hummus made with chickpeas.
The plump, rather large Hyogo chilled Oysters from Japan were exceptional, topped with saffron infused charred orange juice, coriander cress, and charred orange segments. If you like oysters, be sure to try these.

Next up was a real treat, the Adana Kebab Tartare 2.0 is a recipe Chef Simon has evolved from an earlier Fat Prince favourite. Diced Wagyu Eye Round is tossed with Turkish pepper paste, charcoal oil, parsley, shallot and lemon juice, then served with cherry tomatoes and grated cured egg yolk, served with a house made buttermilk and rye cracker.
The warm Mud Crab comes in the shell, lightly seasoned with shallots, chives, parsley, olive oil, lemon juice, and salt served over a layer of hazelnut tarator.

Pit Smoked Aubergine ($19) oozes Middle Eastern flavours

One of the menu highlights for me was the Pit Smoked Aubergine served with a base of yoghurt, tahini and ‘fresh’ harissa (think fresh salsa with a fabulous hit of spiced harissa flavoured tomatoes). The aubergine is cooked on hot coals (rather than over them) which immediately blackens the skin, forming a shell that keeps the heat and steam within the vegetable, softening the flesh. When ready, the aubergines are peeled then left to hang overnight in the pit oven.

For our main course we opted for the Pit Smoked Pork Ribeye rubbed in spice, marinated with yoghurt overnight and smoked lightly before being caramelised on the grill and served with fresh cabbage slaw, black garlic sauce and freshly made flat breads. This is a wonderful sharing plate where you tuck in and build your own flatbreads.

For dessert, Chef Simon gave a nod to his Australian roots with a delightful Rosewater Pav, the meringue of which is spiked with rosewater and peppered with sumac, layers of passionfruit curd and served with a sherbet like Fanta ice cream. We also squeezed in the Marscapone Knafeh, a kind of Asian Baklava. Kataifi (a type of Filo Pastry) is layered with butter, mascarpone cream cheese and drenched in a spiced gula melaka syrup, topped with a coconut pandan mousse, and roasted pistachios. Yum!

Bar Manager, Agnes Kuan has curated a unique menu of cocktails that gives equal showcase to full alcohol, lower alcohol and zero alcohol options. Long gone are the days where being alcohol free means being severely limited to a sweet sugar-fuelled soda or H2O. The offerings were fabulous.

VERDICT: Fabulous and delicious, Chef Simon marries modern Middle Eastern dishes with his contemporary Australian background.

The Dandy Collection owns and operates Fat Prince, Firangi Superstar, and Neon Pigeon in Singapore.

FAT PRINCE
48 Peck Seah Street, Singapore, 079317
fatprince.sg

5 shipping and insurance tips from international movers

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Image of man and woman cardboard boxes over faceAlong with the stress of calculating exacty how many boxes you’re going to need for an international move is the worry over shipping and insurance. Making sure you have enough space and financial coverage should anything go wrong between countries is essential. To help with peace of mind, Sir Move answer some of the most pressing questions they receive from people looking to relocate their belongings.

1.    Should the international moving company provide insurance for the move?

All of the best international movers in Singapore will provide insurance covers for your personal effects and household items involved in the global movement. However, the covers vary from one company to the next. Ensure you read their insurance policy clearly, before you choose them to help you move to figure out their exclusions and the extent of the cover.

2.    Should I include all my household items in the international household’s goods shipment?

Not all items should be packed to go with your international shipment. These are the items you should not include before you move:

  • Perishable goods which can leak during the journey
  • Valuable items that are not covered by your shipment
  • Hazardous elements such as gas canisters, aerosol cans, matches, paint, and flammables
  • Explosives, firearms, ammunition, and corrosives
  • Materials such as rocks, soil, cement, bricks, and woods
3.    How do I determine the right insurance covers for my belongings during the international move?
  • Usually, the present cost of personal effects and household goods or what it would take to replace them could determine the insurance cover you need. Nevertheless, this also depends on the country you are moving to. Contact the local consulate in the area and ask for their cost of living and price index, so you can use them as a guide to determine the right kind of insurance covers.
4.    How do I factor in delivery services at my destination?

Before departure, your international moving company will provide a destination contact sheet about whom you should contact when you arrive. These agents may also contact you as well and proceed to guide you through the custom’s clearance procedures. Established international movers may also have an extensive network of agents beyond just shipping to your destination. Therefore, they might be able to provide; transportation from the port of arrival, required temporary or long-term moving storage, delivery to the residence, and full unpacking services removal.

5.    Where should I go for the most up-to-date information regarding customs clearance documentation requirements?

  • Paperwork changes constantly, so you must contact the local consulate or embassy in your destination to find out if you have the right documentation. This should be done as early as possible. However, reputable international movers like SIR Move Services will also guide you with the process of meeting the latest documentation requirements.

About SIR MOVE

Established in Singapore in and Malaysia since 2006, SIR Move Services is a Singapore/British brand and it is a moving company that continues to build a business based on integrity and trust. SIR provides Complete Move Solutions for International, Commercial and Domestic Relocations inclusive of storage and insurance. We move pets too. Moove My Box (MMB) is the newest addition to our suite of services allowing customers to ship small shipments faster. Similar to Air Express Delivery with the addition of packing and collection services.  SIR Move is a qualified FIDI/FAIM Quality Mover.

SIR Move Services : All the important details

Email talk2us@sirmove.com

Visit www.sirmove.com

Call 65 65347345

For more information on SMAD

https://www.facebook.com/sirmakeadifference/

Facebook

https://www.facebook.com/SirMoveServices/

Instagram

https://www.instagram.com/sirmoveservices/

ANZA Annual General Meeting 2022 Notice

Notice is hereby given to members of the Australian & New Zealand Association (the “Association”) of the Annual General Meeting to be held by Webinar at 7pm on Tuesday 22 March 2022.

Capitalised terms which are not defined in this Notice have the meaning attributed to such terms in the Association’s Constitution.
The following business will be transacted at the Annual General Meeting:

That the minutes be confirmed as a true and correct record of proceedings of the last Annual General Meeting of the Association held on Monday 22 March 2021.
To receive the Profit and Loss Accounts, Balance Sheet, Auditors Report and Annual Report of the Association for the financial year ended 31 December 2021.

To elect office bearers to the following positions:

• President: Megan Kinder
• Vice President: Mark Neo
• Association Secretary: John Neilson
• Treasurer: Tristan Perry
• Membership Secretary: Philip Simmonds
• Community Services Coordinator: Debra De Reeper
• Sports Coordinator: James Lindsay
• Sports Coordinator: Alistair Green
• Committee Member: Don Northey
• Committee Member: Zenaida Bharucha
• Committee Member: Christo Fangupo
• Committee Member: Maria Taylor
• Committee Member: MaryScot Thom
• Committee Member: Rochelle Brown

Brief descriptions on the above positions can be found on the website here.

To reappoint H.E. William Hodgman, Australian High Commissioner, and New Zealand High Commissioner H.E. Jo Tyndall, as Co-Patrons of the Association.
To reappoint Tan Wee Tin & Co, having consented to act, as statutory Auditors of the Association, to hold office until the conclusion of the next Annual General Meeting and at a remuneration to be agreed between the Executive Management Committee and the Auditors.

Notes on the AGM:
Minutes from the 2021 Annual General Meeting and the Association’s annual report, including the Association’s annual accounts, are scheduled to be available to current members at the office of the Association by 14 March 2022. Please note due to COVID-19 restrictions you will be required to make an appointment to view the documents. Please make the appointment by emailing info@anza.org.sg or ph: 6291 6301.
Each Ordinary Member who is financial on Tuesday 22 March 2022, and each Honorary Life Member, has the right to participate in the Annual General Meeting. Each Voting Membership is entitled to one vote.

Due to Covid-19 restrictions the AGM will be conducted virtually. A Voting Membership may participate in the Annual General Meeting and exercise his/her rights at the meeting by way of proxy representation, a proxy voting form is available here.

Proxy votes can be submitted by email to gm@anza.org.sg or delivered/posted to the office of the Association 261a Beach Rd, Singapore 199541 to be received no later than 12 noon, Tuesday 22 March 2022.
Event registration is essential. Please register here by Thursday 17 March 2022.

For more information, please see:
Executive Committee Position Descriptions
Meeting Details and RSVP
Proxy Voting Form

Half-term activities for children

School’s out for most schools in Singapore next week for the half-term holidays, meaning it’s time to dig deep to find fun activities to keep kids entertained (and to prevent parents from going stir-crazy!). Thankfully, there’s lots going on in Singapore. Here’s a round-up of some options.

National Geographic Weird But True Exhibition
Enjoy some weirdness with National Geographic this half-term

‘Weird But True’ exhibition, Gardens by the Bay

National Geographic’s ‘Weird But True’ exhibition at Gardens by the Bay kicked off last month and is a winner for a half-term hotspot. Wander through the site set within the lush tropics of Cloud Forest, while discovering fun facts about the plant and animal kingdom. It’s packed with visually stunning photos and colourful graphics, guaranteed to thrill (and maybe induce a little-person energy crash a few hours later – hooray!). Book up here.

Objectifs Juniors’ workshops, 14 – 18 March

If you have a budding film or photography enthusiast on your hands, send them to Middle Road where Objectifs are hosting Objectifs Juniors’ workshops  throughout the March half term holidays.  These  fun and hands-on workshops encourage visual storytelling, teamwork and problem-solving, and give kids the chance to express themselves creatively. Sessions include portrait photography, food styling and YouTubing. Recommended for ages 5 to 12. No prior experience is required. Click here for more information. 

Sporty Play Adventure Camp, 17 March

Energetic children will love this day dedicated to trying out new sports. Let them try out SUP (Stand up Paddling), trampolining, an old-skool obstacle courses and team games to sharpen their kinetic skills and help build confidence in movement. The fun begins at Siloso Beach, moves to River Valley and ends at Fort Canning. Click here for further details.

Bollywood Adventures in Singapore
Pre-pandemic countryside adventures with Bollywood Adventures. Photo: Bollywood Adventures

The Adventure Holiday Camp – Countryside Creatures Edition, 18 March

School’s out so send your kids off to spend an enriching day out in the countryside getting  closer to nature and animals. In conjunction with Crane and Bollywood Adventures, this camp allows your children to hang with the animals of Kranji (while you get some peace!). They’ll visit a goat farm, a frog farm, a fish farm and finish up with horse stable tours, horse grooming, feeding and pony joy rides. The camp is suitable for primary school children aged 5 to 12, and will be run by experienced facilitators. Discover more here.

Jurassic Dinosaur Adventure Park, Downtown East, until 20 March

Dino fans rejoice! The super-popular Jurassic Dinosaur Adventure Park at Downtown East has been extended until late March. This Interactive indoor playground is home to games, dinosaur rides, trains, a soft play area and a three-metre volcano to keep kids and adults entertained. Head here for details.

Family Portrait performance at Esplanade
Dance, but not as you know it, at Esplanade

Dance, theatre & more at Esplanade, 9 – 13 March 

Esplanade – Theatres on the Bay are hosting dance workshops, fun theatre shows and engaging talks for children through the half-term hols. We’re intrigued by Family Portrait, a dance performance from the UK’s Barrowland Ballet. The audience watches from a ‘swivelling stool’ as the show takes you through striking imagery, choreography and intricate soundscapes. Find out more here. 

Arty fun at SAM, Tanjong Pagar Distripark, from 13 March

As part of the March Holidays, SAM is offering a cool lineup of programmes involving contemporary art. Starting from this Sunday 13 March, families can get together to create, learn and play through crafting, dance workshops and guided museum tours. We especially love the idea of the Fun with Denim workshop, which shows you exactly what to do with all those pairs of old jeans you thought you’d wear in Singapore, but somehow never got around to it …

Perfume Making Workshop at ACM, 19 March

If you can’t get to Japan, why not bring Japan to you? Inspired by their Russel Wong in Kyoto exhibition, ACM are hosting a Perfume Making Workshop where those aged 7+ can try to capture the magic of Kyoto in a bottle. You’ll get to learn the basics of perfumery and return home with new olfactory knowledge and a signature scent. Click here.

Circa comes to Singapore
Circa showing Singapore how they boogie in Brisbane

And if everyone is good … something for April

Brisbane circus company Circa comes to Singapore in April with their unique blend of circus, multimedia and music. This family-friendly show takes children and their adults on a safari through the lives of the tortoise, the elephant, the kangaroo, the swan, the life aquatic and many other beasts of fur, feathers and fin. Playing from 15 – 17 April only at Sands Theatre Marina Bay Sands, log on here to book your tickets sharpish!

 

Expats returning to Australia: What to know about buying property in Oz

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Oreana pic of home in Australia
This could be your new Australia home. Dog not included

Are you an Aussie expat living abroad and thinking or returning to Australia? The trip back home might seem as daunting as your initial adventure overseas. No matter how long you’ve been away, Australian expatriates can access the finance they need to purchase a new home back in Oz. Let’s check out what you need to know know about buying property.

Sorting Out a Home Loan

Did you know that expatriates are eligible for the same home loans as those residing in Australia? You can negotiate a 30-year loan term, borrow up to 80% of the property value (or higher if you’re willing to pay LMI), and opt for a fixed or variable rate loan. 

As an expat, the main difficulty you’ll face is providing evidence of your foreign currency. SGD is a tier 1 currency. This means that lenders will typically assess about 80% (up to 100% depending on the lender) of your income to account for fluctuating exchange rates. As a result, your borrowing capacity might be lower. Therefore, ensure you have sufficient evidence of all your earnings. 

Moreover, not all lenders offer home loans to expats. You might want to go through a mortgage broker to access lenders dealing with foreign currency. 

Oreana pic of Sydney Opera House
There’s no place like home

Tips for Buying Property in Oz

Property prices in Australia have shot up in the last few years. Here are a few tips to help you secure your dream home:

  • Look up the requirements for FIRB approval (although expats typically won’t need to apply to FIRB)
  • Don’t buy jointly with your foreign spouse, or you’ll have to pay the stamp duty surcharge
  • Enlist a buyer’s agent to negotiate property prices on your behalf
  • Ask your buyer’s agent to conduct a property inspection for you

Australia’s Best Real Estate Investment Opportunities 

Whether you’re planning to move into your new property in Oz or set it up as an investment opportunity, it’s best to find houses in high capital growth areas. With property prices so high, buying a home in Sydney might be out of your budget. However, there are many suburbs and exciting locations to invest your money in.

You’ll also want to consider what you want in regards to location. Proximity to schools, cafes, and parks is good for rental accommodation. However, it might not be what suits you if you plan to live there.

Find Out More

If you want to discover more about buying property in Australia as an expat, do not miss the upcoming webinar 17 March:

Thinking of making the move back to Australia? Financial tips for expatriates returning to Australia. 

In this live webinar, Odin Mortgage, a leading Australian expat mortgage brokerage is partnering with first-class financial advisors Oreana Financial Services and experts from Performance Property Advisory to bring you everything you need to know about returning to Australia.

The webinar will answer the following:

  • How do expatriates obtain finance to buy a property?
  • Where are the five Australian capital cities headed in 2022?
  • Where are the best places to invest in Australia?
  • How can expatriates manage to buy property in Australia whilst abroad?

Plus, Oreana will run through a checklist of all your finance needs you can use upon your return to Oz.

Book your seat now, so you don’t miss out. Get expert advice on financing your return to Australia. 

 

Hotspots: Bistecca

Bistecca is celebrating their 10th anniversary with a special menu to commemorate this milestone. Centrally located in a picturesque shophouse in Mohammed Sultan Rd, Bistecca’s specialty is what many inhabitants of Florence deem to be Tuscany’s cuisine jewel. However, the menu also features a wonderful array of traditional Italian dishes. Bistecca is recognised worldwide and ranks #13 in a survey featuring the top 100 Steakhouses in the world surpassing some of the most recognised names on the Red Dot; this Singapore institution is without a doubt the best Italian steakhouse.

Bistecca’s celebratory offer is aptly named “The Best of Bistecca” consisting of a four-course menu featuring its classic and favourite dishes that round up its Tuscan steak experience and at S$138++, it is great value.

Burrata at Bistecca
The burrata at Bistecca is just one of a few starters to choose from

Simply amazing

The menu starts with three amazing appetizers: Polipo (octopus), Capesante (scallops), and Burrata.  The Freemantle octopus is tender and delightfully grilled served over a sobrasada Romesco, cannellini bean puree, and top with a refreshing gremolata.

The second appetiser, a set of juicy and decadent pan-seared Scallops, is a Bistecca favourite; it came with artichokes served on top of a generous serving of fresh mint Salsa Verde, and tomato jam – the table went quiet when eating creation, which was simply amazing. Another classic, the Burrata, a simple dish where the creamy Puglia burrata is served with Chitose cherry tomatoes, arugula, and aged-balsamic, it felt ever so decadent.

For the pasta course we selected both to share. The Busiate, a traditional pasta from southern Italy, was a perfectly cooked al-dente long pasta topped with a rich beef and tomato ragu; this was simply delicious with deep flavours that can only be obtained by the time-honoured technique of low-and-slow cooking. To finish the dish, the pasta gets a nice sprinkling of pecorino cheese and sourdough crispy crumbs.

Mac n' Cheese at Bistecca
Man n cheese: the side order of dreams

Grilled over natural woods

After just the right amount of time to let our first two courses settle the star of the menu arrived, 1.1kg of Fiorentina, a F1 wagyu porterhouse; the grading of this beef delivers just the perfect ratio of delicious meatiness to silky luxurious fat. Grilled to the chef’s recommendation over natural woods, each bite was a combination of textures and flavours; a nicely charred crust and a butter-like juicy centre with the woods bringing out the natural flavours of the beef.

The steak comes with a variety of side dishes to choose from; we decided on the Bistecca classics: Mac ‘N Cheese, broccolini, funghi, and fries.  The Mac ‘N Cheese, was a winner, nice silky and gooey gruyere cheese combination with pasta and a crusty bread crumb top.  The funghi were incredibly appetising, sauteed wild mushroom with a mix of  parsley and egg yolk to stir through, producing a wonderful and delicate sauce that melds with the wild mushrooms in perfect harmony.

Tiramisu at Bistecca
Don’t finish your meal at Bistecca without a bowl of their Tiramisu

We finished this incredible meal with the famous Tiramisu, and the Sticky Date Pudding. The Tiramisu is one of Bistecca’s classics, enticing layers of dark rum, espresso, and mascarpone cheese working together so elegantly.  Sticky Date Pudding, while not an Italian classic, it did not feel out of place. The spices and deep flavours complemented seamlessly with the rest of the meal; it was the perfect end to an amazing beef experience.

VERDICT: This menu is the perfect way to celebrate Bistecca’s 10th birthday. These are the top hits of this home-grown institution made available in one single menu. For those that have been here before, it is going to be wonderfully familiar, and for those that have never been, it is the ideal way to get to know the best Italian steakhouse in Singapore

Bistecca Tuscan Steakhouse
26 Mohamed Sultan Rd, Singapore 238970
Tel: 6735 6739
bistecca.com.sg