Instant population! What does it mean?
We will be adding another 15,000 new citizens to our population by the time 2007 is over. And there is also another 40,000 or so PRs. This is on top of the average annual growth of about 30,000. With the 30,000 coming of age each year and the new residents, the demand for property is not going to slow down or decline. Singaporeans needing a flat or a roof, better get them fast. The demand is incessant. The locals, the real Singaporeans, may be not be able to afford the unstoppable price hike if their salaries do not experienced the 21% increment. But for the new citizens and residents, only those who are able will come. They will sustain the continuous hike in property prices by adding into the demand pressure. The price hike is not going to stop the flow. At every higher price, there will be new takers. Singaporeans, especially those that are struggling to make ends meet, just too bad. No amount of charity or handouts can keep pace with the whopping increases in property pices. If they can't, they can't, and would eventually have to squeeze as many as they can into their 2 or 3 room flats. The alternative is HDB rental flats if they can qualify. The message is shape up or lose out. There is no room for failures and laggards or irresponsibly producing as many poorly educated children as possible. They will be damned. They will be the new breed of struggling poor at the bottom of a society that is running ahead at full steam. They can never hope to catch up.