First bad news from the National Conversation
Heard over the news that Sinkieland can take up to 6m people and anything above that could be tricky. This means we have room for another 700,000 heads to fill up every corner of the island. After that no more growth. Our local population is 3.5m and if the growth rate is 1.5%, we could self produce about 52,000 annually. This plus another 25,000 FTs, in less than 10 years we will be filled to the brim.
As the economic growth rate of the island is tied to the increase in population, in ten years time we would likely to go into a recession unless there is continued population growth. It looks like in ten years time we will be facing serious economic growth issues unless the citizens relented and allow the govt of the day to continue to fill up the island with more people and bear with the congestion. The good thing, other than economic growth is that their ageing HDB flats will still have a chance to appreciate in value.
Many would probably not be around by then and may not be witnesses to the new prosperity of the day when HDB flats would be $2m and Sinkies will be the undisputed richest people in the world. The caveat is for the citizens to agree to more growth and more people in the island. If not, things can go tumbling down, including property prices and lesser jobs for the people. So it will no longer be a matter of choice. Bring in more people or sink.
The people must be wise for their own good to think further and bigger, that the population should not be held at ransom at 6m. Think 10m and 20m and more for continuous economic growth. It must not stop and cannot be stopped at 6m or any million.