Home prices hit record high!
According to the latest URA report, ‘Singapore home prices climbed to a record in the fourth quarter after developers sold more homes,…’
This is a terrific piece of good news for all flat and landed property owners. I am also exceptionally pleased with this news as my little flat is going to be $1m soon. Then I can sell and migrate to some little corners of China or Thailand, or maybe Australia to spend my twilight years away from this dynamic and rich city.
Or maybe I will join my children in Europe and stay with them with all expenses paid. Whatever left over after my last days can be willed to them.
And there are people comparing Khaw Boon Wan with Mah Bow Tan to see who is worst. Now, now, I think that is a wrong approach, wrong attitude. Should compare who is better. I think Boon Wan is getting better and betterer with the housing prices under his charge.
The little misgiving I have is that my children will not want to be back here anymore. Both have very good post graduate papers and living abroad is no big issue to them.. Both will trade their places, and allow some foreign talents to take their places here. I think they will find it more cost effective to spend their money in other less costly countries. At least they have a choice. For the next generation of young Sinkies with no choice, I am sure they will all be most happy to buy the million dollar HDB flats and the multi million dollar private properties.
All will call themselves millionaires but taking public transports. They will probably be invited to enjoy the bungalows of their maids for holidays in the Philippines, Indonesia, India or Myanmar. And all Sinkies can live happily as millionaires in their flats, and to downgrade to smaller flats during their twilight years with nothing to worry about except don’t get sick.