Question is (sorry Andy), would you really want to live there?Wd40 wrote:Interesting! For some reason, Dubai has never allured me as destination alternative to Singapore. I have always considered Australia, NZ, UK, HK and the US as alternatives.
How easy is it to find work in Dubai for a foreigner? How are the salaries compared to Singapore?
Brah wrote:Question is (sorry Andy), would you really want to live there?Wd40 wrote:Interesting! For some reason, Dubai has never allured me as destination alternative to Singapore. I have always considered Australia, NZ, UK, HK and the US as alternatives.
How easy is it to find work in Dubai for a foreigner? How are the salaries compared to Singapore?
When the ME used to pay outrageously high salaries, it was probably a good idea, not sure they do that anymore.
HDB flats only have a 99 year lease and while that not too much of a concern at the moment, once those flats are over say 50 years old, (some are getting close already) they are not going to be easily sold and the people living there will no longer be able to afford to buy something newer and will not be able to monetize their flats either. This is going to create a huge problem in the future as the CPF situation is not going to allow enough income for those people who lose their flats to be able to rent either. It's no wonder why they want to immigrate as it painfully obvious that there is going to be a problem later and the government seems to be closing one eye, hoping the problem will disappear while they still hold onto the "no welfare" mantra. This is not a home owning society at all, when the vast majority (e.g., 85%) only "lease" the property, so you cannot create any lasting wealth to pass on to your grandchildren. That means the majority of Singaporeans wealth is like the wealth that they send to the deceased at a Taoist funeral, all paper and worth nothing unless you can sell and immigrate, taking it with you and buying freehold property or at least 999 year property.Singapore’s transition is likely to be much less wrenching and destabilizing. First, the city-state is nowhere near as repressive as the (military) dictatorships in South Korea and Taiwan that ruled until the 1980s. Equally important is the fact that the vast majority of Singaporeans are homeowners. A home-owning society is far less likely to upset the apple cart of stability and prosperity.
Yes I agree, and we've discussed this before. It's a ticking time-bomb and I'm surprised that policy seems to be lagging the predictable facts of the matter.sundaymorningstaple wrote:That means the majority of Singaporeans wealth is like the wealth that they send to the deceased at a Taoist funeral, all paper and worth nothing unless you can sell and immigrate, taking it with you and buying freehold property or at least 999 year property.
Users browsing this forum: No registered users and 37 guests