Crowds are thronging new property launches and grabbing up properties like hot cakes. And property developers are cashing in on the affluence of Singaporeans and launching more projects for sale. The Singaporeans are really rich, buying properties costing at least a million like buying durians off the streets.
Where is the recession? Where are the poor? It is all a myth. All the talks about poor Singaporeans living from hands to mouth or waiting for handouts are mere exaggerations. Singaporeans are rich like hell.
Inteesting article I read recently
ReplyDeletehttp://www.malaysiakini.com/letters/107799
we will see what we want to see only
All the simple simons who are thronging the property launches are confident of this equation:
ReplyDeleteFV=(CV/CP)xFP
FV= future value
CV= current value
CP= current population
FP= future population.
Everyone is reading the Oracle's lips. We will have a population of 8 million within the next 10 years. All the infrastructures are now designed for that kind of population growth. We've sent teams to Beijing and Shanghai to study how they manage their behemoth cities. Teams are cloistered in their think tanks busy in their blueprint designs to cope with this population explosive issue. Word has leaked out. That's why you see the crowds thronging the property showrooms. Singaporeans, ever conscious of the three words for survival:
Kiasi! Kiasu! Kiabo!
'Where is the recession? Where are the poor? It is all a myth. All the talks about poor Singaporeans living from hands to mouth or waiting for handouts are mere exaggerations. Singaporeans are rich like hell.'
ReplyDeleteI think there must be a reason for the above.
hi wally, that is a reasonable formula and it makes perfect sense. FV is directly proportional to FP. the bigger FP is, the bigger is FV.
ReplyDeleteThe reason property prices are skyrocketing is because all the new;y created money is now finding a "home".
ReplyDelete