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SG targets population growth to 7 mln: DBS Vickers

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SG targets population growth to 7 mln: DBS Vickers

Postby Sergei82 » Mon, 21 Jan 2013 2:17 pm

http://sg.finance.yahoo.com/news/stocks ... 54290.html

Already being discussed on numerous forums...
So indeed, how they're going to target that population growth to 7 mln? Clone humans??? Bitrth rate is going down, foreigners are squeezed out...

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Postby nakatago » Mon, 21 Jan 2013 2:22 pm

Lots of alcohol. :P

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Postby offshoreoildude » Mon, 21 Jan 2013 2:28 pm

The locals I've spoken to about this are in a bit of a panic.... trying to deny it will happen but in the mean time the ST is talking about new units for housing are coming.
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Postby Sergei82 » Mon, 21 Jan 2013 2:28 pm

Btw, it is interesting how removing huge taxes on alcohol can affect population in SG? :)

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Postby Sergei82 » Mon, 21 Jan 2013 2:29 pm

I suppose, additional 2 mln of foreigners will be wealthy enough to afford buying property here. :)

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Postby offshoreoildude » Mon, 21 Jan 2013 2:37 pm

You gotta figure that DBS vickers are no friend of the PAP for publishing that just before an election!
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Postby wwww » Mon, 21 Jan 2013 2:39 pm

offshoreoildude wrote:You gotta figure that DBS vickers are no friend of the PAP for publishing that just before an election!


True, the timing couldn't be worse...someone just got himself in deep shit. Especially since this is just an assumption but no fact, and we know how jumpy the locals are these days... 8-)

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Postby offshoreoildude » Mon, 21 Jan 2013 3:00 pm

wwww wrote:
offshoreoildude wrote:You gotta figure that DBS vickers are no friend of the PAP for publishing that just before an election!


True, the timing couldn't be worse...someone just got himself in deep shit. Especially since this is just an assumption but no fact, and we know how jumpy the locals are these days... 8-)


I have wondered for awhile how PAP friendly the CEO of DBS is... he has very big aspirations for DBS (Damn Bloody Stupid bank as a Sinky once told me) - much bigger than this little red dot.
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Re: SG targets population growth to 7 mln: DBS Vickers

Postby ProvenPracticalFlexible » Mon, 21 Jan 2013 3:12 pm

Sergei82 wrote:http://sg.finance.yahoo.com/news/stocks-news-singapore-population-growth-084154290.html

Already being discussed on numerous forums...
So indeed, how they're going to target that population growth to 7 mln? Clone humans??? Bitrth rate is going down, foreigners are squeezed out...


Same way that it's been done so far.
in order of preference:
1. Try to get locals to have more children
2. Get locals living abroad move back
3. Locals marrying foreigners (+1 with the marriage and then the possible children)
4. Get PRs who actually want to stay here
5. Get short term expats under EP etc to fill up the gaps

And with all of the above be selective, that the people coming in add something to the country expect just a headcount. Wait a moment that’s what the government has been doing all the time. And surprisingly the population numbers are going up every year. And surprise the short term ones are growing faster than PR and Citizens, as the preferred option is not that easy to do.

http://www.singstat.gov.sg/stats/themes ... /popn.html
it's roughly 100000 per year for the last 20 years.
1990 3M
2000 4M
2010 5M
so they are spot on time for the new MRT lines announced to be ready 2030 when the number reaches 7M. It works like clockwork.

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Postby Sergei82 » Mon, 21 Jan 2013 3:18 pm

Very dubious interpolation, implying that Singapore was uninhabited island in 1960.

Does anyone know statistics for 2012 + projected for 2013? Let us interpolate that!

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Postby ScoobyDoes » Mon, 21 Jan 2013 3:28 pm

7m people is already a big problem in Hong Kong and when we factor in the difference in physical size....... Singapore wouldn't be a place I want to live if EVER it were to become a reality.

Very hopefully by then, I'll be dead and burnt to a crisp!
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Postby Sergei82 » Mon, 21 Jan 2013 3:31 pm

ScoobyDoes wrote:7m people is already a big problem in Hong Kong and when we factor in the difference in physical size....... Singapore wouldn't be a place I want to live if EVER it were to become a reality.

Very hopefully by then, I'll be dead and burnt to a crisp!

How long ago have you been to Seoul? (for example)

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Postby wwww » Mon, 21 Jan 2013 3:37 pm

ScoobyDoes wrote:7m people is already a big problem in Hong Kong and when we factor in the difference in physical size....... Singapore wouldn't be a place I want to live if EVER it were to become a reality.

Very hopefully by then, I'll be dead and burnt to a crisp!


With the massive housing oversupply hitting the market in the next few years I am not too worried. However, MRT rides will become a very "cozy" experience, especially in the NEL which is serving PAP's latest boom town Punggol. :o

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Postby Sergei82 » Mon, 21 Jan 2013 3:44 pm

I have such an impression that housing oversupply is hitting already for the past few years... still hitting, still some time later, if ever!

In any case, Singapore will not sink even if there is 10 mln people on board. But it will turn into Mumbai or Seoul for sure. :)

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Postby ProvenPracticalFlexible » Mon, 21 Jan 2013 4:08 pm

Sergei82 wrote:Very dubious interpolation, implying that Singapore was uninhabited island in 1960.

Does anyone know statistics for 2012 + projected for 2013? Let us interpolate that!


That is your interpretation. But no it doesn't mean that (1960 it was 1.6M) simply the growth rate has changed since 1960-1990, from 70 to 90 it took 20 years to grow 1M and resident growth was relatively faster then for the last 20 year. Since 1990 the rate has been different and since the growth is pretty much controlled by ICA therefore I wouldn't call it that dubious.
Of course the government policies might change, but so far over last 2 decades very little has changed.

The 2012 numbers are there behind the link if you bothered to look , I can copy them here too:
2012 5,312.4 3,818.2

from there, a quick projection 2013 5,400.0 3.845.0


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