I would think there are far more renters, and if the prices remain less will come / stay.
Sergei82 wrote:I suppose, additional 2 mln of foreigners will be wealthy enough to afford buying property here.
Sergei82 wrote:I suppose, additional 2 mln of foreigners will be wealthy enough to afford buying property here.
wwww wrote: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.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!
As I see, 2003 actually experienced population drop, it recovered only in 2005. Is it related to property bubble burst?ProvenPracticalFlexible wrote: 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
It's all about economy in Singapore in the end. But I'd link the 2003 drop to the SARS outbreak and its impact to economy and willingness to travel.Sergei82 wrote:As I see, 2003 actually experienced population drop, it recovered only in 2005. Is it related to property bubble burst?ProvenPracticalFlexible wrote: 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
Should we expect something like that any time soon? Nowadays the bubble looks bigger.
Taking what you say at face value (I have no idea) you would have thought per capita GDP would be a more precise indicator of 'adding-value', to both the population and economy.offshoreoildude wrote:Growth in GDP - the PAP ministers salary is coupled to it (with some caveats and elasticity), With less cynicism I'd say it's the only formula they trust.JR8 wrote:I wonder why they want to expand the population so much, where is the virtue in it?
I thought you were in tune with Singapore? This precise issue was a real hot issue in the last GE. They have tweaked the ministers pay and bonus but TOTAL GDP is still used as one of the factors in the bonus calculations of the ministers (you know - all those guys like GCT whose children are overseas and who has often talked in glowing terms about Switzerland).JR8 wrote:Taking what you say at face value (I have no idea) you would have thought per capita GDP would be a more precise indicator of 'adding-value', to both the population and economy.offshoreoildude wrote:Growth in GDP - the PAP ministers salary is coupled to it (with some caveats and elasticity), With less cynicism I'd say it's the only formula they trust.JR8 wrote:I wonder why they want to expand the population so much, where is the virtue in it?
Total GDP would not appear to reflect the cost side of the increased population.
p.s. One could argue for a more elastic and holistic economic measure. An economic 'well-being' index. The additional burden on services will come at a cost after all; building new MRT lines etc doesn't come cheap.
Man, what's wrong with these people. Total population, total GDP...not worth squat to the man of the street if his quality of life doesn't match what's being reported.JR8 wrote:I wonder why they want to expand the population so much, where is the virtue in it?
nakatago wrote:Man, what's wrong with these people. Total population, total GDP...not worth squat to the man of the street if his quality of life doesn't match what's being reported.JR8 wrote:I wonder why they want to expand the population so much, where is the virtue in it?
Singapore - the ultimate bubble?Sergei82 wrote:But somebody needs to drive up property prices, isn't it? And MRT shares as well.
The escape path for cashed-in Singaporeans from the upcoming hell may be becoming increasingly popular Switzerland.
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