we must welcome talent from abroad to create and ...........
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so it is like the show \"the apprentice\".
you have contestants with degrees from top uni, held key positions in companies, handle lots of $$$ for clients, rake in millions for themselves and their companies blah blah blah.
but when you watch them handling the tasks on tv and their credentials torn into shreds by donald trump, lord sugar and others, you just wanna :roll:
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Mdm Koh:
:goodpost:
If our population were not increasing so rapidly, would we still have a need to fill all these positions?
I'm on the fence about immigration, but at times it seems that the more immigrants we welcome, the more we need to welcome even more immigrants to serve the current immigrants.
Not sure if that makes sense.
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concern2:
fyi, PRs cannot buy new flats from HDBverykiasu2010:
as an example, the last few years have seen the issue of HDB property not meeting the demand, and the new minister has promptly ramped up the new flats to be constructed. this has resulted in a massive shortage of workers. do people realise that ? while throwing stones at PAP for not anticipating the demand, do they realise how much this has caused the cost to rise ?
the construction of HDB flats have caused other private project cost to skyrocket ..... the inflation as a result of this rising cost is going to hit everyone in singapore real soon
I talked to a construction firm doing something for me today - shocking - people are snatching workers and giving them 100% increase just to go over to the next boss in an instant to get started. scaffolding workers used to be paid cash $100 per day are now being paid $200 per day. any citizen want the job ? $200 x 20 days = $4000 per month, 9am to 5 pm, very senang job.......c'mon, anyone ??
Have to agree with you that it is an undesirable consequence. However, I believe you are not saying this is caused by the people who need to build a family and need a roof over their heads right? Isn't the demand also due to the influx of foreigners and people taking flats up as a form of investment? They could jolly well be owners of several bungalows and/or condos already. I think what most people are saying is that the policies be reviewed and administered, since most of us have given our trusts to the 'planners'. If such inflation is to result, it only goes to show the lack of planning and coordination within the various departments, wouldn't you say so?
and PR can only buy resale flats
out of the 520k PRs, many of them already own their own home
the half million PR did not just increase overnite. since 20 years ago, the PR was already more than 300k
even looking at horizon of past 20 years, assume the increase in PR was 200k and average family size of 4, that is 50,000 families and EVEN IF all buy resale flat, that is a demand of 50,000 units over 20 years....out of a million units of HDB flats in the system
to blame the PR solely for pushing the demand for HDB is quite absurd
those who can own HDB and bungalows are citizens, not foreigners, not even PR because any PR granted permission to own landed must not own any other residential property -
$4000 pm for scaffolding job. Will check it up, since, Iām now at a construction site with many scaffolding workers smoking cigars.
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I would say the influx of foreigners have pushed up the rental market and the condo market, and with everyone flipping the private property markets, causing it to rise and this led to the increase in HDB resale price because people are more willing to pay high COV from the profit they make from the property speculation, and greedy citizen sellers demanding ever higher COV with the help of greedy agents pushing up new records all the time, and worse, being helped by HDB selling new flats pegged at newest resale price
If HDB were not to use "market subsidy" in new flat pricing and allow citizen first time owner to pocket more profit from the resale of first HDB flat, then there will be a lot more happy people and a lot more money circulating in the system -
looking4Tutor:
$4000 pm for scaffolding job. Will check it up, since, I'm now at a construction site with many scaffolding workers smoking cigars.
they must be very well paid to be able to afford cigars. Cuban ? -
verykiasu2010:
unfortunately, not - rolled with cardboard :rotflmao:looking4Tutor:
$4000 pm for scaffolding job. Will check it up, since, I'm now at a construction site with many scaffolding workers smoking cigars.
they must be very well paid to be able to afford cigars. Cuban ?
\"the last few years have seen the issue of HDB property not meeting the demand\" - this is done deliberately so as to push up the $$$ we have in the reserve. -
looking4Tutor:
unfortunately, not - rolled with cardboard :rotflmao:verykiasu2010:
[quote=\"looking4Tutor\"]$4000 pm for scaffolding job. Will check it up, since, I'm now at a construction site with many scaffolding workers smoking cigars.
they must be very well paid to be able to afford cigars. Cuban ?
\"the last few years have seen the issue of HDB property not meeting the demand\" - this is done deliberately so as to push up the $$$ we have in the reserve.[/quote] :rotflmao: a separate discussion in another day lah :rotflmao: -
Hey peeps,
Been reading your views...
But has it occurred that the situation we are in right now, and going to be in are the consequence of a \"comedy of errors\"?
Messing about population growth from the 70s/80s started the ball rolling...
Then, messing about the construction and first-time housing by the housing department was the next boo-boo... Which resulted in undersupply in the pipeline.
This was followed by the immigration over-openess to cover the mistake of the 70s/80s, ie. Shortfall of local talent. This led to a previously mentioned increase in rentals and COVs (from new citizens).
The GFC of 2008 and the following golbal stimuli then accentuated the above ( in 2008/9, we had >100% influx yoy ), plus hot money flowed in without any stoppages, particularly into property.
Looking forward, picture is not good... And the next crisis will send us rocketing after a brief tank... Money now knows where to find havens, and the SGD is already the top winner by far in Asia, which btw, is likely the only growth area in the whole world. Just think, if you had a fortune of 10 billion in foreign currency, and the markets are going to crash, economies stalling, where would you put you money? In a place where the import of money is not taxed, little capital controls, little restrictions on foreign property ownership, and best of all... Appreciation of capital and currency, by all historical measures of a crisis!
The new Asian currency haven... The SGD... (As recommended by Russell Napier, of CLSA, in Early October. Google it to find out more...)
Imagine a tsunami of liquidity INTO SG... And we are standing at the beach with 10L pails, ready to bail... :scratchhead:
I leave you with the thought:
That the consequence of the mistakes made by the previous generation will be borne by the next generation. -
verykiasu2010:
fyi, PRs cannot buy new flats from HDBconcern2:
[quote=\"verykiasu2010\"]
as an example, the last few years have seen the issue of HDB property not meeting the demand, and the new minister has promptly ramped up the new flats to be constructed. this has resulted in a massive shortage of workers. do people realise that ? while throwing stones at PAP for not anticipating the demand, do they realise how much this has caused the cost to rise ?
the construction of HDB flats have caused other private project cost to skyrocket ..... the inflation as a result of this rising cost is going to hit everyone in singapore real soon
I talked to a construction firm doing something for me today - shocking - people are snatching workers and giving them 100% increase just to go over to the next boss in an instant to get started. scaffolding workers used to be paid cash $100 per day are now being paid $200 per day. any citizen want the job ? $200 x 20 days = $4000 per month, 9am to 5 pm, very senang job.......c'mon, anyone ??
Have to agree with you that it is an undesirable consequence. However, I believe you are not saying this is caused by the people who need to build a family and need a roof over their heads right? Isn't the demand also due to the influx of foreigners and people taking flats up as a form of investment? They could jolly well be owners of several bungalows and/or condos already. I think what most people are saying is that the policies be reviewed and administered, since most of us have given our trusts to the 'planners'. If such inflation is to result, it only goes to show the lack of planning and coordination within the various departments, wouldn't you say so?
and PR can only buy resale flats
out of the 520k PRs, many of them already own their own home
the half million PR did not just increase overnite. since 20 years ago, the PR was already more than 300k
even looking at horizon of past 20 years, assume the increase in PR was 200k and average family size of 4, that is 50,000 families and EVEN IF all buy resale flat, that is a demand of 50,000 units over 20 years....out of a million units of HDB flats in the system
to blame the PR solely for pushing the demand for HDB is quite absurd
those who can own HDB and bungalows are citizens, not foreigners, not even PR because any PR granted permission to own landed must not own any other residential property[/quote]Yes, I should have broken my sentence into two instead of inferring the problem is solely due to foreigners. Yet, we ARE increasing in our numbers of citizens..
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