By end of 2023, India would be the world's number one most populous nation, over taking China. China would become second to India. And India would have the most young people in a country, a key factor that can turn India into a super power. Though this may be a big task to keep hundreds of millions of young people employed, India has nothing to worry about.
Singapore would be there to offer a helping hand. Singapore needs talents and wants to increase its population to 20 million, or at least this is in the thought of some talented Singaporean thinkers. Having a big populations is always a good thing for tiny Singapore, without any downside. Big population in India is a welcoming blessing to Singapore. Singapore is very happy to welcome all the Indian talents, all the unemployed Indian talents, to help no talent Singapore to keep its economy bustling and to stay as a first world country. It would be a win win formula.
At least the property prices would stay high and go higher, even for HDB leasers or owners. Now that HDB prices have hit S1m, now HDB owners can look forward to $2m as the next target. And the construction industry will continue to boom and the cycle would even be bigger and last longer. And why not, when there are also many Indian labours willing to come here to help to build Singapore into a never ending building boom.
And Indians have a natural advantage. They can speak English, which is going to be, or likely to be a criteria for citizenship. The political scene would be very lively with politics as a natural talent in Indians. There may be even Indian political parties formed by new Indian citizens. And Singapore would no longer have the perennial angst of 'Singapore not ready for Indian PM' when Indians become a majority here. Meritocracy would be institutionalised and practised to perfection. No more entitlement mentality that one can have political appointments in waiting, without competition. And those that cannot speak good English would look like ducks out of water.
The special symbiotic relations between Singapore and India would enter a new strategic level for the good of Singapore. Singapore would be prosperous for another century with so many Indian talents available and happily wanting to come to Singapore and Singapore opening its legs wide wide to welcome them. CECA is a win win formula for India and Singapore. Singapore can have all the Indian talents and India can export its unemployed to Singapore and its unemployment solved.
Oh, it would be good news for Singaporean Grab drivers too, if they still can afford to buy a car to drive the talented new citizens around. Special courses can be designed to upgrade their skills in handling luggages, opening car doors, keep the cars clean, how to greet customers and learn how to chat with the customers etc etc and how to improve chances of bigger tips.
27 comments:
Singapore will end up like Japan. So much investment in property which crashed like a house of cards after the Japanese economy tanked, and also took down the stock market, after which Japan could not recover after more than three decades since 1993, mired in stagnation.
Stimulation after stimulation failed to work. From Abenomics to Kishidamics, it is the same result. And Japan is getting desperate by going against USA and EU sanctions on Russia by buying Russian energy and some are talking about Japan joining BRICS as well. Wonder whether that is good or bad for BRICS. Of course it is good for Japan, but remember who is the dog owner.
Yes, there are differences between Japan and Singapore, and I am not going to dwell on the disaster brought about by the 'Plaza Accord', as I am no economist. Singapore always claim we are keeping a tight lid on property prices, or so they say. But the rise, even in HDB prices is just nothing short of ridiculous, just two words - 'still affordable' close the argument.
Maybe they work on the premise that just importing more people to prop up private property prices and create the demand, so that higher prices rising will trickle into the HDB market to boost resale prices, so new flats can be sold more expensively. The market dictates the price, they always say. What is subsidised housing supposed to mean?
But I fear the result will be the same as Japan. Property price rises cannot be without limits. As they say, what goes up must eventually come down. Maybe I am too pessimistic. Everything is so 'FINE'. Japan was equally superfine before the crash.
The big debt trap in Singapore property prices is the 99 year lease of HDB and many private condos. No one can escape this debt trap when the lease expires and the value becomes 0.
The million dollar properties are just a mirage, transcient. Who would be the sucker to hold on to the property when the lease expires?
Can you imagine anyone putting $1m into a 99 year lease debt trap? Money sunk and cannot get out, draining everyday to eventually zero.
Likely such people are those that got a bonanza from the property bubble, selling their landed properties for many millions, so it is ok to throw a million away.
For the typical worker that had to work to save for the property with hard earned money, it is very painful. Added to this, saving $100k over many years to buy a car, only to buy a piece of paper and to save more again to pay for the real car.
Not to worry. If can bring in 10m foreigners to be citizens, property prices would shoot to the sky.
Capitalists Leaders will always on the sides of the own.
That is their own Elites. You peasants die your own business.
In front if you, they will wayang in Asian Terms and Charade in Western Terms that they are here for you.
That's why so many Materialist Sinkies wanted to be called up for their interviews in the Tea Party before any errections so that they can join the easy route to wealth and status quos.
Thereafter for a term of five years acted dumb and numb and as wall flowers and weeds just Pays Collected Sirs/Madams.
Big population for what's?
When the Country is in shits with recessions and depressions there be rivers and chaos.
Think decades ago needed manpower to drive the economy?
Nowadays Smart Industrial Techo just needed minimum peoples to do the jobs.
Also created Robots to take over with what's AI intelligence.
Needed big POP? Kena Poped then you have it.
So many mouths to feed.
China with her past of Big POP had no choice but to struggle and survive till today.
History shown millions died in upheavals and starvation.
India wanted to be number ONE in POP?
Where now even half still in the poverty level.
Sinkieland also wanted to have a Big POP where there are not even a viable economy.
Now still having the sunset decades long Servile Services Industries when hits by recessions and a Great Depression all MATI!
Big population for big countries that are rich is no problem.
Big population for big countries that are poor is a big problem.
Big population for small countries that are rich is courting disaster.
Hi Anon 10 56
Wheels of Fortunes turned and turned every secs, every mins and every hours.
Rich can become Poor and Poor can be Rich.
For Chinese especially the PRCs cultures are Thrifts and Savings
So no fears, they now are wealthy but know how to save and stingy.
So countries that are now Rich van be I'm an instant be Papuers just like the UAssA that going to happen soon.
For too long they took for granted that Good Times are forever and their lifestyles are just spend spend and spend.
So in the near flute, the African Continement with the Cooperations of China and Russia and also the ME kingdoms would be the Richest in the World.
Yet unexplored with all their reserves and resources.
Whereas those mature economies countries would be more or less stagnated.
So don't think Big POP for Big Countries OK
Just like a family of two and four. When hits with unemployment who gonna survive better.
Six mouths or just four mouths.
Actually single mouth best.
That's why so many singles the new generations.
Don't have to kowtow to your bosses for the sake of feeding your children.
Just show your middle finger and off you go. But remember must have lots of savings and be thirty and Don't anyhow buy useless Rilexis and Tramp Designer Garbage bags.
Cheers
For Chinese especially the PRCs cultures are Thrifts and Savings
You gong ah? China the biggest buyers of luxury products.
That's extra monies.
Don't kay tua ya if u have no monies.
Ah Gong ah! Later u chiat
Seen too many liao@
The Government must know how to be thrifty and save lah.
Not like the damn Americunts's spend so much on their Useless parasites militaries.
Better convert them into productive useful farmers that feed the masses.
Likewise those countries upkeep of their militaries.
Only Useless irons for meant for making nails.
That's Chinese philosophy of becoming soldiers.
Typical trait of banana is 认贼作父.
Those that went touring and buying branded goods, many are very rich. So they can afford to spend and spend. There are now more billionaires and millionaires in China than in the USA. Not like the many paupers in this island, all the money sucked into housing and cars. After spending on these two items, nothing left.
How many years does it take for a working class Singaporean to save $100 just to buy a COE? All savings wipe out just like that. Then need another $50k to $100k to buy a car.
For the ministerial class, sup sup suay, it takes only 1 month or so to earn $100k.
Actually many of the Chinese who tour are not very rich. They are middle class. I have seen these tourists buy branded goods when they are overseas, and then sell them at a profit in China to fund their tours. In China, they are happy buying the copy goods. Their friends don't know the difference because they thought they are using the one they bought overseas. LOL!
The billionaires don't buy Rolex lah. They buy Patek and Richard Mille. Only us average people can buy Rolex. Also not to show off. Just for investment. Even Virgo got buy Rolex.
To extend the use of a 10 year old car for another 10 years, one would need to pay $100k for a new COE.
This is the value of Singapore dollar versus the cost of living and the official inflation rate is what...2%?
When COE is $100k, you bet prices of everything must go up as the cost of transportation by the businesses would go up accordingly.
When a Singaporean saved $1m and found out that he could not buy a landed property, he would take $200k or $300k to buy a Benze and save the balance.
When a Singaporean saved $100k and found out he could not buy a car, he would spend $20k on a Rolex and keep the the balance.
This is the way Singaporeans downgrade their expectation for the expensive things in life.
When the elites found out that the landed property now costs a few millions more, they would demand for a pay rise of another few millions to buy the property. QED.
When the working class Singaporeans cannot afford to eat meat, they would turn to eat eggs.
Hurray, Yindiapore will become a reality. Majulah Yindiapore.
Aiya! Singapore only Internal Economy of I slaughtered you and you slaughtered the others lah!
Same same coutrymen.
See the hawkers and coffin,oops coffeeshops just a bit of inflation and every week increased pricings for their food and drinks.
Took damn excuses. Old folks with limited monies mati mati lah.
Just because they knew that the Papies gave some reliefs of monies and CDC vouchers wow they increased fantatstics prices to slaughter you.
Also Sinkies where got know how to work and earned foreign exchanges for country?
They only knew how to make extras hoping to sell their flats to their own at higher prices to make profits.
Not knowing that their own will have to suffer to pay higher prices for their own flats.
Also selling their cheaper when brought earlier cheaper COEs cars as now the COEs are in hundreds of thousands for new cars.
Also only increased rentals for those Mats ane Foreigners in Condoms until the chow ang mohs cannot tahan and opted for HDB flats.
If can or allowed they will pitch tents on beaches or in wagons trucks to sleep as their lifestyles in their own countries.
Next, we have those with cheap cheap first or second generations NEA hawkers licenses paying few hundreds per month and let out to those damn new Master Chefs who are so Proud of their professions as conned by the Elites to serve them at a few thousands per month and have to charge old uncles and aunties chai png at 8 to 10 $ per meal to cover their rentals.
And the cheap cheap NEA hawkers license holders will snigger at the new imbeciles Master Chefs and spend their time at coffeeshop and bars drinking. Same time shaked their balls.Some even with two lottery rich licenses for sublets.
So who are causing all these slaughterings?
Sinkies themsleves slaughtering themselves with the blessings of the Papies.
Sinkies know how to work? Aiya only know how to speculate as Whats I mentioned.
This is the way of lives in Sinking Land.
The Elites and Papies just closed their eyes. All is WELL.
Cheers
https://www.straitstimes.com/business/rich-chinese-splashing-out-on-luxury-have-yet-to-invest-big-in-singapore
This is only whats the Papies Government knows. No wonder Sinkies also followed them wholesale.
Virgo, are you joking? Those fund managers only look at what they earn, and doesn't affect us. Mainlanders are the biggest foreign property investors in Singapore for the past 4 years. .
Ya right this is the only economy we have. Sell sell properties to Foreigner's and even our own at you know what's prices?
Have High Tech Industries for earning foreign exchanges?
Until sell Until no more than sell backsides and frontsides.
By then no eyes to see.
Let me very frankly related that we are all going back to the 60s again where our parents with the exception of those that could related or curried favours that they can clicked with the Brits and Elites are better well off as their doggies and don't have to suffer so much.
That time our foreparents are mostly peasants workers that have no choices but worked on Servile jobs to the Colonial Masters and their balls carrying cronies which are mostly the Ahem you all know whos the snakes.
Our fore grand and own parents are menial workers under the balls of all these parasites.
Now fast forward to 2023.
Our own now as mostly gig gig platform workers in the delivery and taxi services. Hawkers, menial workers and those free lance pay by hour jobs like making sure the bicycles as rented out by their bosses are parked properly in the bicycles lots or fined by the Authorities.
High paying white coloured professions are allocated to their beloved foreign talents.
Our own down graded yo all these menial jobs and they wanted the young to reproduce with their menial incomes and paying legs and limbs and hands for their BTO pigeon holes.
The Papies on Auto Pilot until recently then wayang a bit with what's one or two industrial ground breaking for some tech or manufacturing industries.
Also on Shits Times that putting one or two youngsters that we are proud to be blue collared workers.
What's wrong with blue instead of white where our Times in the 70s and 80s our cohorts in manufacturing industries earned more than us in the electronic and oil industries that they owned landed and condos and still living in them.
Also our own white collared workers also are well off owing mostly Big units of HDB flats and Condos.
Now all these our own first priority jobs went to the Foreigners and we are back to the 60s and 70s as Servile servants to the so called new Ruch and Foreign Bogus Talents.
Sad sad indeed.
The Papies taking care of you all?
Only screwed Sinkies knew how to goreng with their passive incomes to be a bit atas on the working peasants Sinkies.
FORWARDED AS RECEIVED....
Dear Friends n Fellow Singaporeans,
Lawrence Wong our 4G PM Elect said in Parliament that all he hears are the People are asking for more and more but no one has suggested any good ideas on cutting back or how to reduce spending.
No problem Mr. Wong here is a list of things that you can cut back on:
1. *Ministerial salaries*. It is embarrassing to have the highest paid PM in the world for an island of 720 sq m.
2. *Abolish the expensive blood-sucking Mayors* scheme that is effete n self serving
3. *Cut the $9m paid to the President* by at least half. A figure puppet should not be paid so much.
4. *Cut back spending for the People's Association* now that Covid 19 is practically over. $1 billion every year for the past 5 years is a truckload of tax payers' money.
5. *Suspend funding for SPH Media* until it has shown results on editorial indepedence. Dead wood editors should be let go.
6. *Stop raising transport fares* every year when the SMRT is swimming in profit
7. *Remove spending on Goverment Parliamentary Committees* which serve no purpose as an opposition in Parliament. We already have a robust 10 member WP/PSP check on the murky and non-transparent PAP government
8. *Cut unnecessary political appointees* such as Ministers of State, Senior Ministers of State, parliamentary Secretaries, Senior Parliamentary Secretaries etc.
9. *Trim the grassroots organisations* - RCs, CCs, CCCs, etc - and unify them as one to cut cost and bureaucracy.
10. *Cut back on Mindef spending.* We are seeing bigger military budgets for Mindef that hit $17b in 2023. Why spend so much when there aren't any immediate national security issues ?
11. *Trim the number of paper generals and admirals in the army navy n airforce.*
12.*Ex-generals and ministers should no longer be made directors in GLCs.*
13. *Trim the number of PAP MPs most of whom are part-timers.* The It is a joke to have 93 MPs for a tiny island many of whom are caught napping in the HOUSE. Problem is they think the HOUSE is their sleeping chamber
14. *Ban spending on the design of rubbish dumps* that cost a million dollars.
15. *Cut top civil servants n Stat Boards pay* by at least half because many of them are mere retirees from the SAF
16. *Cut the number of Ministers parked in the PMO* like Indranee Rajah
17. *Cut those Ministers in Parliament* who say:
If you want a short answer it is: I don't know ...I don't know...
U know who I am referring to?
18. *Cut down the number of chairmanships n directorships* that a crony can hold
19. *Cut down the number of positions that husbands n wives can hold that lead to possible conflict of interest*
20. *If a Minister cannot speak in Parliament because of number 19 above he should recuse himself.*
Silence is not golden. Silence means conspiracy and collusion
21. *Cut down the import of millionaires and billionaires* who drive up the prices of COE, cars, bikes, condos rentals n Cost of Living
22. *Cut down verbiage and give honest answers in Parliament.*
23.*Rein in the arrogance of the Speaker in Parliament m* and let him not interupt or restrain the honest opposition members from speaking their minds
That is all Lawrence, thank you
Lowinsky
SJI
27.03.23
Excellent
About property development in Sin, who are the Buyers?
Not only the Sin Population has stagnated for many years,
many Sinkies could not afford even to buy HDB Unit.
Many elderlies are homeless and younger ones are staying with parent and sibling.
So,
why non-stop biilding of housings??
https://www.theonlinecitizen.com/2023/04/12/lim-tean-making-it-easy-for-the-rich-does-not-make-the-rest-of-us-richer/
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