SINGAPORE: The new Berlayar housing estate being built on the former Keppel Club golf course site will have about 7,000 public flats, up from the 6,000 previously announced.
This came after detailed planning studies of the 48-hectare site in Bukit Merah, which will also include 3,000 private units, said Singapore's Housing and Development Board (HDB) on Tuesday (Sep 23). CNA
Who says Singapore's population is shrinking? Who says Singapore's fertility rate is falling? All this is immaterial. Looking at the frenzy building programme, Singapore must be anticipating a population explosion soon. Singapore is building and building like no tomorrow, cutting down every inch of forest left, to build more flats for more people. Where are the people coming from when the fertility rate of Singapore is falling or has reached a point that is not replacing itself?
H1B visa fee is the first thing that came to mind. Where are the Indians going to go when they cannot pay the US100,000 fee to enter the USA? Singapore? Is Singapore seeing this as a great opportunity to welcome more talented Indians here? How would this change the CMIO formula? No changes for sure. As long as the foreigners are not given pink IC, there can be a few millions of them here, the CMIO balance will not be changed as this is based on citizenship.
Another question needs to be asked. Is Singapore's mission as a nation state is to provide housing for the rest of the world, to provide employment for the unemployed of the world? Why is there a need to keep on squeezing out every inch of land from the flora and fauna of the little island to build more flats to house more people, mostly foreigners and causing shortages in all things, resources, energy, land, housing and driving up cost of living, difficulties in securing university places or good jobs for Singaporean competing against foreigners?
Are Singaporeans in agreement with the govt policy of building more homes so as to bring in more foreigners to fill up every square inch of the land that could be spared for the flora and fauna if not for Singaporeans?
What do you think?
6 comments:
India is coming . . .
Just as flogging the HDB upgrading horse came to an abrupt end with the realization that at the end of 99 years, flats worth half to three quarters of a million $ are just turning into mere rubbles, the housing horse flogging is going to come crashing down eventually. Singaporeans can keep on buying more and more expensive HDB flats, but when the shit hits the fan, who is going to clean the fan?
Just take a look at Japan's property crash in the early 1990s, which it never recovered after close to forty years, taking the Japanese stock market with it. Japan is also a relatively small country with limited land and property prices went into outer space and people were buying with cheap loans for speculation. What happened? Oh, it will not happen in Singapore because the Government thinks far ahead. Really?
China also faces the same problem lately but has taken steps to rein in the excesses. The Chinese Government had all the leverage to do so, pivoting investments into sectors like semiconductors, shipbuilding, EVs, batteries and renewable energy, sectors that have tremendous potential for growth rather than non-productive assets like malls and homes that were already overbuilt. Commerical and home prices escalate due to speculation and Xi stressed comprehensively that homes are for living in, not for speculation. Chinese investors have already taken the cue, so the chances of a property crisis in China had already been nipped in the bud, unlike what happened to Japan in the early 1990s. But foreigners who lost their pants speculating in the Chinese property market are very pissed off and still castigating Chinese property developers.
Talking about population explosion in Singapore, people need just to travel on MRT trains in the morning to realize the consequences. Those who drove in their big cars never see the problem of what a population explosion is all about. It is the small people who cannot afford a car that have to carry the burden. With the COE, cars are reserved for the rich, not the poor.
Punggol is an example of what happens when population grows disproportionately without adequate infrastructure. Why is the Government bringing in more bus services to serve Punggol, particularly Punggol Coast with the Singapore Institute of Technology and the digital district now opening up and traffic going to become problematic. This has also affected MRT commuters further down the line in Sengkang and Hougang.
Right! On cue too!
The rest of the World are pushing away the Indian diaspora. while SG is welcoming them with open arms and legs!
In 15 to 20 years there will be a glut in HDB flats when the seniors today pass away n pass down their flats. The beneficiaries will have to sell them as they can't own two HDB flats.
Mr RB
That's why must strike whilst the opportunity is still there.
Now no more SERs as they had fine tuned NOT to have those selected ones strikes lotteries with new flats a 99 year lease and also compensations.
Later many of them after the MOP sell them again for a profit
Some more many old old flats in future needed to be rebuilt as not so manageable and also some prime sites for other developments so they don't want to repeat and cough out same benefits again as not substantiable for them.
So now with their VERs selected Estates or Blocks now be relocated with new terms of NO more a 99 year lease hold.
Have to top up the lease if you wanted to have another fresh 99 year which young families might willing to do so as they knew that these Blocks or Estates or for VERs they could purchase them in order to get the new ones.
Now also bargain price of paying only the balance minimal years of tail end lease.
If the next estate that are favourable to them then they shall vote so to enable to get one faster than the BTOs ones which may be not their reach the next five years as due to the balloting.
The Older Residents may
vote "NO" if the compensation is not favourable enough or may be override by those who are agreeable in the majority has no choice but to shift and lived out their balance lease hold.
Some compensations for the relocation that all.
So now the best Solution is this before as what's you said many old flats be redundant and in glut.
Those woth bigger units of flats of 4 to 5 roomed with still balance about three quarters of half their balance lease could now dispose them off by purchasing a best two roomed Flexi unit of 20, 25 or 30 years leasehold.
Depending on your age of application. Minimum must be up to 95 years old.
Just paid 100 or less for the unit.
Sold your bigger unit and then stopped your compound accrued interests.
Also after toppling up their requirements of CPF'S Life if not fully FRS fully top up and also Medisave still have a chunk of balance cash for as security.
Also topped up the RA and CPF'S Life also have more monies to your monthly pay up.
On top of that can get SHB Silver Housing Bonus of up to 40K after Dec 2025.
This grant is for those who at aged 55 did not fully top up their FRS and deemed to have less monies in the accounts to be subsidised by the HDB.
So think this the best way to downgrade and the best Security.
The children then don't have to dispose off your other unit as the HDB shall give them the balance available monies if available.
The unit shall be repossessed by the HDB
Cheers
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