11/28/2013

The benefits of hindsight

Boon Wan is churning out so many flats within a year, averaging 25,000 or more. The latest announcement was 33,568 for this year. And this is still not enough and the demand is mounting.
 

With the benefits of hindsight, we can see what happened over the last few years. We, the low down untalented citizens, only have hindsight to say our piece. Foresight is only the reserve of the supertalents. With foresight, over the horizon ability, they could predict the future, plan ahead, nip problems in the bud before they went out of control. With hindsight, we can see how problems were not nip in the bud, no proactive actions, and problems got blown out of proportion.
 

We now know the cutting down of building HDB flats to less than 10,000 units for several years prior to Boon Wan’s ramping up the building of new flats was a gross mistake. We also know that there were pent up demands by a growing population. We also know that when HDB was not building enough flats, the population was increasing like crazy with hundreds of thousands of foreigners being allowed into the island and needing more flats. Hindsight can tell the uninformed and ill informed citizens of the truth, of what really happened and what really went wrong.
 

Did the super talents with their foresight saw what were coming? Definitely. They cannot be that stupid right? And neither could they be sleeping on the job and not knowing that so many foreigners were let into the country and the cutting down in building HDB flats would cause a big shortage of housing while the demand was rising.
What actually happened then that resulted in such a huge housing shortage problem and the ballooning of housing prices? What were they thinking or planning or scheming? 


With all the foresight and hindsight, maybe someone would want to tell the people what actually went ‘right’? Got to say right, saying what went wrong would not be nice and would not get an answer. What went right?

26 comments:

Anonymous said...

With this group of high education and well trained Singaporean, which Singaporean spent lots of tax payer money to educate and train, they are highly sought after by foreign countries, foreign countries are happy to welcome them to emigrate and take out their CPF, so they don't to spend tax payer money to train and educate them and can get a group of highly educated with their CPF and savings to come to their countries to contribute to their economy?

Anonymous said...

Walau early in the morning Rb starts asking the tiger why it devours it's preys.
Prease lah, two legged animals are far more scheming and dangerous than carnivorous la.
The tiger got no answer, the men can offer you thousands and one justifications. And the super powerful beans can even ignore you altogether.
What can you do?

Anonymous said...

Whether got hindsight, foresight or no sight, PAP is still considered by at least 60% as the best available party to be govt, tio bo?

Anonymous said...

The answer is simple. Before GE2011, all they ministers' meeting were only talked about how much money they helped Sinkapore make. Every government department must make as much as possible.

So you known what to do right when 2016 is coming.

Anonymous said...

It is not so much about sight but rather who has better sight under the sight of smart majority SInkies.

Anonymous said...

Anon 9:16, who do you think they made the money from and what they did with the money they made?

Anonymous said...

Your sight may not be good but it must be better than your opponent in the sight of majority Sinkies.

Remember in the kingdom of the blind , the one eye jack is King, tio bo?

Anonymous said...

...who do you think they made the money from and what they did with the money they made?"
Anon 9:29 am

Doesn't matter lah, as long as smart Sinkies can make lots of money for themselves. Why would smart Sinkies want to care how others make their money or did with their money?

Anonymous said...

Nothing went wrong!
It's all good.

Singapore reserves = value of property in Singapore
And 90% of Singapore property is owned by the Singapore gahmen.

So property price goes up.
Value of our Singapore reserves go up.
And our Singapore dollar becomes more powderful.

Of course high property prices is not so good for many Singaporeans who don't own property ... like newly weds and the young Singaporeans.

But like PM Lee say ... "We want Singapore to do well, so Singaporeans can do well."
Who is Singapore ... I dunno lah.
But Singapore is doing well according to our GDP numbers.

So according to PM Lee, eventually there will be trickle down effects that by magic will also benefit Singaporeans lah.
How long that will take I dunno lah.
But this is good politics.
I make you a political promise.
But I don't tell you when I will deliver.
Unlike our HDB loans.
Here, the gahemn will calculate for you exactly how much every month you have to repay.

Either the gahmen is very clever or Singaporeans are damn fuck stupid.

Anonymous said...

with or without foresight or hindsight, our govt is doing very well......

even with sky high property prices, high healthcare cost and other high cost of living, everywhere you go, you still find people smiling and very happy going about their daily life....

there is no rally or protest like our neighbouring countries.....

so .....................

Anonymous said...

The property will not burst for at least another few years barring any lehman-like melt down ...
I second guess next xrisis will be currency type that will cause shockwaves globally ....

Sg are well hedge la don worry ...

I second guess it will be some unforseen natural disastous that trigger the next melt down .....

Well guessing is a zero cost game ...
If I win all say I hero n adam smith reborn ..if I don get it right its all right one ..mayb another time I guess right leh

Anonymous said...

33,568 Units of HDB Flats in a year.

Do we have so many Native Singaporeans applying for 'subsidized housing' in a year?
By extrapolation, it means over 3 million more units will be needed in 10 years(2023 AD).
Our TFR must be flying.

Anonymous said...

RB, you are damn right. The government plan for assets enhancement and the only way prices can shoot up quickly is with housing shortage. Tio Bo. 90% of the people are very happy sitting on the same property but suddenly become richer at least on paper without doing anything. Only the young got screwed which is the minority but majority of the people are happy Tio Bo. Imagine without lifting a finger, now u may be 500,000 richer. Where on earth you can do that.

So be appreciative of the good work done and the million paid as salary is worth it. But as a caution statement, if it ever crashed don't blame me hor

theonion said...

Referring to your old posts about the time of low prices in 2003, you were lamenting that the govt of the day had overbuilt.

Yet when the govt of the day now is trying to churn out more, should not we be happy so that prices come down.

Make up your mind RB



Anonymous said...

/// with or without foresight or hindsight, our govt is doing very well......///
November 28, 2013 10:02 am

Aiyah!
We all know our gahmen is doing very well and also getting very well paid lah!
What we want to know is when are Singaporeans going to do well like the gahmen?
When will Singaporeans also get high salaries like the gahmen?

Anonymous said...

/// theonion said...
Referring to your old posts about the time of low prices in 2003, you were lamenting that the govt of the day had overbuilt ///

What was Singapore's population in 2003?
What is Singapore's population now in 2013?

Tsk! Tsk!
maybe the white pigs will have to increase your salary.
Otherwise, the white pigs will not be able to recruit top talents to troll and blog.

The said...

/// With all the foresight and hindsight, maybe someone would want to tell the people what actually went ‘right’? Got to say right, saying what went wrong would not be nice and would not get an answer. What went right? ///

Problem with those who claimed they are the betterer and betterest and deserve the multi-million-dollar pay is that they have nor foresight, only hindsight and backside.

What went right? Very little - most of them went left. And what's left is not right.

I have the solution for them. They should all go for circumcisions and transplant their foreskins onto their eye-lids - egro - they will have foresight.

Chua Chin Leng aka redbean said...

Actually what some of you said is true. Everything is right, just right. There are so many happy and rich Singaporeans making more money buying up all the expensive properties and cars. There is nothing wrong. Keep up the good work.

Anonymous said...

Ha! Ha!
The dick heads will finally have a foreskin.
Me like.

Anonymous said...

the big problem in servicing your housing mortgage will come when there is a global recession where jobs are threatened with widespread unemployment......

with 6.9M people I think jobs may not come easy .......

cheers ......

Anonymous said...

@ November 28, 2013 10:46 am
/// the big problem in servicing your housing mortgage will come when there is a global recession where jobs are threatened with widespread unemployment...... ///

Yes.
That will be the first shoe to drop.
The bigger problem comes when the shithead bankers then say 'the value of your property has declined by $100K. There is insufficient collateral for your housing loan. Please top up your housing loan collateral by $100K."

This action will worsen the situation because there will be some forced selling of property to raise cash.
This creates further falls in property prices.
Which then affects even more property owners to now top up the collateral with cash.
Creating a downward death spiral in property prices.

Is anybody asking this question in parliament?

Anonymous said...

Gentlemen,
Let me tell you a secret. Pls keep it to yourself cuz it's top secret ok. The previous minister in charge of housing did not cut his foreskin resulting in him not able to have any foresight cuz his thick foreskin is blocking his foresight! Really langgar dah!

Anonymous said...


Just heard from radio that the prices of private homes fell again in Oct.

b said...

Perhaps they start to feel insecure about the GE 2016.

Anonymous said...

Economic slavery..... freedom with a very long leash......

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