Be prepared for a glut in dormitories

According to Chuan Jin and his MOM, there are some tightening in the intake of foreigners into the country and some SMEs already kpkb like backside burning. So this must be true and the inflow of foreign workers is slowing down. What is surprising is the announcement by Hsien Loong that the govt will be building more dormitories for foreign workers.

Remember just a few years back when the country was faced with a severe shortage of public housing when more than a million foreigners were brought in while HDB wound down its building programme? Many simply brushed this off as a case of left hand and right hand not knowing what the other was doing. A case of bad synchronising of govt policies, or is it? Could it be perfectly synchronised to achieve the desire results, high property prices? The shortage was criminal and let many Sinkies emptying all their savings just to get a roof over their heads. And now everyone is talking about downgrading except the super rich and the ministers and top civil servants. And the young people are the most badly hurt, just starting to work, save a little bit, all coughed out including blood, and not enough, and had to buy smaller and smaller units of public flats.

What has this got to do with a glut in dormitories? If Chuan Jin is going ahead with his tightening of foreign workers policy, the number coming in must go down. And if we are going to build more dormitories when lesser are coming in, would there be a possibility of building too many dormitories for too few workers resulting in a glut of dormitories?

Or it has all been perfectly synchronised, the net inflow is still going to be higher and the pool of foreign workers will keep on increasing, thus needing more dormitories. This makes sense if one is looking at the 6.9m target in 2030. So they is no mismatched, no such thing as left hand not knowing what right hand it doing. There would be no glut of dormitories as more foreign workers will still be flowing in. Tiok bo?