we must welcome talent from abroad to create and ...........
-
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.. -
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]
MBT :skeptical: -
MadScientist:
:sad:
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\"?
I leave you with the thought:
That the consequence of the mistakes made by the previous generation will be borne by the next generation. -
Hey… it’s not the fault of tuition. It’s the education system here, which encourages kids to be rigid thinkers. Many times during tuition, my students will ask me if I am sure they can do this or if it’s ok to answer the question in that way.
They’re so worried about being wrong, and their concept of the "right answer" is fixed as a result of the inflexible marking schemes that the Singapore exam board comes up with.
As a tutor, I am also compelled to teach them the "correct" format, according to what MOE stipulates, even though I know that their answers are not wrong. But I will let them know that their answers are acceptable too, and it’s just a matter of tweaking them to give the examiner what she wants.
For students who are brought up to be inflexible thinkers, they will get a culture shock when they go to university and encounter professors from other countries. My American university professors often lamented the lack of thinking skills among the freshmen. -
Mdm Koh:
This is where we have been failing...Hey... it's not the fault of tuition. It's the education system here, which encourages kids to be rigid thinkers. Many times during tuition, my students will ask me if I am sure they can do this or if it's ok to answer the question in that way.
They're so worried about being wrong, and their concept of the \"right answer\" is fixed as a result of the inflexible marking schemes that the Singapore exam board comes up with.
As a tutor, I am also compelled to teach them the \"correct\" format, according to what MOE stipulates, even though I know that their answers are not wrong. But I will let them know that their answers are acceptable too, and it's just a matter of tweaking them to give the examiner what she wants.
For students who are brought up to be inflexible thinkers, they will get a culture shock when they go to university and encounter professors from other countries. My American university professors often lamented the lack of thinking skills among the freshmen.
To know and teach that the destination is not the aim, but the (learning) journey instead is what is essential. -
Insider, Mdm Koh, Madscientist, I think you are all right.
-
you see, who are the people sending their kids to overseas uni to unlearn the rigidity of the SG system and to learn something new from overseas ? the popular thing these days is liberal arts education, PPE, and the like
why don’t all these government scholars stay put in NUS / SMU / NTU ?
draw your own conclusion -
concern2:
the increase is not enough to cover the shortfall of live births.
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..
last year's increase in new citizens is less than 20,000, and live births less than 40,000 ..... together still below replacement level, and the new citizens are of shorter life span than new live births .... so long term problem still exist ..... :rotflmao: -
verykiasu2010:
:goodpost:you see, who are the people sending their kids to overseas uni to unlearn the rigidity of the SG system and to learn something new from overseas ? the popular thing these days is liberal arts education, PPE, and the like
why don't all these government scholars stay put in NUS / SMU / NTU ?
draw your own conclusion
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