More condos in CBD
And more residents will call Shenton Way their home. The developers are all smiling with rental in CBD commanding a high premium as well as the properties commanding high prices. But what is it for the citizens? The residents calling Shenton Way home may all be foreigners, or the majority may be foreigners. And who are the locals buying up these properties, not many HDB upgraders but the rich who have already many properties in their pockets. It is great news for profit generating. How does it fit in to nation building, to the welfare and living standards of the citizens? How many citizens will benefit from such grandeur and high living lifestyle and expensive homes? With no checks and balances, with no links to nation building and the uplifting of the people, who would enjoy all these beautiful condos? Sure, some citizens are laughing all the way to the banks. The CBD will be more vibrant, but for who and for what?