Punggol East By-Election coming ? MP steps down
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And the 7m people will increase the demand for property so supply will still play catching up. So, property prices will still go north? I hope I am wrong.
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Dora1:
I actually don't agree with your analysis.3boys
I totally agree that we are very fortunate and SG is indeed a lot better than many other countries. However, we are where we are because of the hardwork if the old PAP in the 70s and 80s, and of course our grandparents and parents. The PAP of today cannot take the credit for what we have today. In the stat board that I'm working now, I have the privilege to work with an ex super scale civil servant who was still mentoring us until he passed away at 81 years old. According to the stories that he shared, the emphasis was always about the people, think of ways to save tax payers money. Also, the senior civil servants were rises from the bottom so they can make sound decisions very fast. But the senior civil servants of today are scholars, dun dare to make decisions as they are not familiar. Also, there is always the cost recovery that we have to bear in mind so all the stat board and ministries have to find ways to increase income to meet the cost recovery KPI.
So yes, we should be grateful to PAP for making SG as successful as it is today, but dun misplace the gratitude. It's not the current office holders.
And the reason ppl are in favour of WP is exactly that, we can see that the new PAP is going downhill and is bringing SG with it. That's why we need and opp like WP to slap them and put them back on track. And I agree with LTK, WP dun have the resources to replace pap so this is our best way out now
The current lot put more thought into policies, they finesse.
Think back to things like graduate mum's priority school admission, sterilisation of lowly educated women, stop at 2.
Who's policies were those?
How about ministerial pay? Who was the strongest advocate for high pay, threw the gauntlet down to CST and LTK back in the early 90s? Hint, our founding PM.
You think extra-marital affairs of PAP office holders are new? There are strong rumours of at least one high ranking minister of the 80s and 90s engaged in EMA, covered up.
The leaders of the '80s......
People don't know history, they don't study politics.
Frustrates the hell out of me.
The current lot is better, they try to convince, they rationalise.
But people have rose tinted glasses. They forget the political strategies of PAP today are firmly embedded in the past.
The older generation had their time, they were wildly successful.
But they are wholly unsuited to leadership today.
This whole concept of the past being better than the present is just fallacy. -
carilyn:
@winchester- not hard to guess wor.
I cant agree more! AMEN! :goodpost: -
ngl2010:
And the 7m people will increase the demand for property so supply will still play catching up. So, property prices will still go north? I hope I am wrong.
New couples having to wait 3 years minimum for their first flat...their BTO flat is just an empty shell. Young couples have to save for wedding and renovate their flat and buy furniture. Even if they go for the minimum decor, renovation and furniture adds up.
New flats are in non-mature estates. If these young couples stay there and then start a family, they will be busy fetching/sending bb to and fro parents' place which is usually not near. Reason is bcos newly wedded couples can hardly afford to pay premium prices for resale units near their parents.
I just wonder if my kids can afford to buy a flat in future...or they also face the scenario of having to buy flats in the outskirts. Property prices will not come down. -
ngl2010:
And the 7m people will increase the demand for property so supply will still play catching up. So, property prices will still go north? I hope I am wrong.
You are not wrong. If property prices are not allowed to go up, how to attract immigrants?
Furthermore interest rate is so low and likely to remain low for a long time, how will property prices fall? Question is how can I buy one when I need to take a loan with so many restrictions and terms attached when those from elsewhere pay cash? 
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When you sell your flat, do you want to make money? Yes?
So, can the gov sell the new flats at the "affordable" price? Selling all the new flats that are significantly lower price than your old/resale flats?
Then who is going to pay the higher price to buy your older flat?
Your flats price appreciate, is not by chance, the market has been carefully crafted out . -
janet_lee88:
Anywhere else in the world is just about the same when people buy their first home, that is if they are lucky enough that their gov are capable enough to provide them with cheap public housing as heavenly as Singapore.ngl2010:
And the 7m people will increase the demand for property so supply will still play catching up. So, property prices will still go north? I hope I am wrong.
New couples having to wait 3 years minimum for their first flat...their BTO flat is just an empty shell. Young couples have to save for wedding and renovate their flat and buy furniture. Even if they go for the minimum decor, renovation and furniture adds up.
New flats are in non-mature estates. If these young couples stay there and then start a family, they will be busy fetching/sending bb to and fro parents' place which is usually not near. Reason is bcos newly wedded couples can hardly afford to pay premium prices for resale units near their parents.
I just wonder if my kids can afford to buy a flat in future...or they also face the scenario of having to buy flats in the outskirts. Property prices will not come down. -
janet_lee88:
Hi Janet, wen I got married almost two decades ago, I too, need to wait 3 years for my new flat to be built.New couples having to wait 3 years minimum for their first flat...their BTO flat is just an empty shell.
janet_lee88:
It has been like that for a long long time. New flats have been built in non-mature estates since my time, ie. 2 decades ago. Not all young couple's parents stay in mature estates.New flats are in non-mature estates. If these young couples stay there and then start a family, they will be busy fetching/sending bb to and fro parents' place which is usually not near. Reason is bcos newly wedded couples can hardly afford to pay premium prices for resale units near their parents.
janet_lee88:
I guess you are staying in a mature estate? I am staying in a HDB (overpriced) flat in the 'outskirt'. ...my kids are more fortunate as they do not have to pay a premium for mature estate should they decide to stay near me when they got married.I just wonder if my kids can afford to buy a flat in future...or they also face the scenario of having to buy flats in the outskirts. Property prices will not come down.
I also wonder if my kids can afford to buy a flat in the future. So, I have decided not to downgrade to a smaller flat so that they can stay with dh & me should there be a need. -
Harlequin:
Anywhere else in the world is just about the same when people buy their first home, that is if they are lucky enough that their gov are capable enough to provide them with cheap public housing as heavenly as Singapore.[/quote]In some countries, couples usually do not have enough money to buy a place to call their home. Most will have to rent first before saving enough for their first home.janet_lee88:
[quote=\"ngl2010\"]And the 7m people will increase the demand for property so supply will still play catching up. So, property prices will still go north? I hope I am wrong.
New couples having to wait 3 years minimum for their first flat...their BTO flat is just an empty shell. Young couples have to save for wedding and renovate their flat and buy furniture. Even if they go for the minimum decor, renovation and furniture adds up.
New flats are in non-mature estates. If these young couples stay there and then start a family, they will be busy fetching/sending bb to and fro parents' place which is usually not near. Reason is bcos newly wedded couples can hardly afford to pay premium prices for resale units near their parents.
I just wonder if my kids can afford to buy a flat in future...or they also face the scenario of having to buy flats in the outskirts. Property prices will not come down. -
Harlequin:
Not ALL HDB flats are priced cheap! My new HDB flat at the outskirt bought in the 90s direct from HDB is far from cheap. :mad:
Anywhere else in the world is just about the same when people buy their first home, that is if they are lucky enough that their gov are capable enough to provide them with cheap public housing as heavenly as Singapore.
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