6/28/2010
No property bubble yet!
'Even if we cap our excess, people in Hong Kong, Indonesia, will say,
compared to what I have to pay, Singapore is cheap, let's buy it,' he added.
'And apart from landed properties, they can buy into any condos.'
Mr Lee, who was speaking at a dinner hosted by the Association of Banks in Singapore, said that the Government is convinced that there is real underlying demand for residential property.
'So it's probably not a bubble yet,' he added.
The above comments by MM was reported in the ST.
So foreigners want to buy even at much higher prices and we sell. They can buy into landed properties and condos. Would their buying raise the prices of other properties and in turn raise the cost of living here?
Just because they want to buy, must we sell? Who sets the rules to allow them to buy condos and landed properties? Are these rules good for Singaporeans? For sure, it is good for developers and taxes.
My gut feel is that one day we will regret this thoughtless selling of our precious land to foreigners. By then it will be too late to unwind the clock. And we can't do it like Mahathir, introduce laws to be effective retrospectively. Once the land is sold, freehold land, it is gone forever.
Britain and Australia curbing entry of new citizens
They cannot afford to keep growing their populations. Both are little islands and have limited space and they fear that land will run out on them. The Australians are particularly worried that the people in the Gold Coast got no where to go if more new citizens are minted. And the Big Australia policy of Kevin Rudd was his down fall, for wanting to bring in more migrants.
Maybe we shall offer our supertalents as their consultants on how to squeeze more people into every inch of their precious little islands. Australia, if under our management, could easily take in another 1 billion new citizens quite easily.
Another revelation is that the majority of the migrants are Europeans. Asians are still restricted. And Britain is taking one step further to only allow Europeans into their little island. Africans and Asians got to wait long long now.
We can capitalise on the restrictions in Britain and Australia and open our door wider. Immigrants that can't go to them can apply to come here. Our island has more space for them and we welcome them with open arms.
Brace up for more floods
Floods are unavoidable. We had three real big ones recently starting from the Bukit Timah flood to Orchard Road and last Friday's across the island.
Why should we be looking for more floods? First it is unavoidable. Two, as we keep building up infrastructure, to provide for 6 million population, more land will be needed. But land for big canals is expensive and not productive. So if we will plan for a city of 6m million or more but skimp on drainage, flood will happen and more will happen.
Can we really cope with 6 million people if we can't provide land for drainage? Or that is something that we have to live with, big floods to become our daily routine?
6/27/2010
HDB cleared PAP activist
Sinha Shekhar, an outspoken PAP activist and one of the good catch from the new citizen pool, has been cleared by HDB for subletting his HDB flat. He has asked for HDB's permission and has qualified under the number of years of occupation to sublet his flat. He is now living in his private property and let out his HDB flat.
I also read somewhere that HDB's ruling requires the owner of both a private property and a HDB flat to physically live in the HDB flat. If this is the condition, Sinha must live in his HDB flat and rent out his private property and not the other way round.
Can someone confirm on this as it means he is either contravening HDB rulings or he is not.
Something is not working
I was not working, took a little break and just came back. Heard that there was a heavy downpour this morning, and a pleasant surprise, no flooding. Is the system working or the amount of rainfall fell short of the 100mm in less than 3 hours? It seems that we have had two of such 100mm rain within 2 hours and flooding occurred.
I still remember someone saying that the Marina Barrage is not only a reservoir but a flood control system and that there would be no more floods. It is a very expensive piece of equipment and it better works. And I think it is supposed to work in auto mode, or is it?
Maybe the parameters were wrongly set and thus it did not trigger to release water from the Marina Bay Reservoir fast enough, or enough in volume to avoid the flood. or maybe there have reset it right now and this morning's rain would be easily taken care of by the system. Or maybe we have an expensive piece of equipment but failed by the minor blockages of culverts and drains here and there.
Let's hope that another 100mm rainfall within a few hours will not do the same damage again. I was shocked by the picture of Bishan Park.
6/25/2010
A better advert
This one is about filial piety. The mother was curt, aloof, insensitive, rude, abusive, arrogant etc etc. The son was so filial and pampered her with tender loving care despite her ill treating and bullying his wife, the daughter in law, in front of his son. The daughter in law suffered in silence like all good and suffering daughters in law were supposed to be. The grandson could not take the bullying and abusing thrown at her mother but were convinced by his father that the grandmother took very good care of him when she was his mother. There were gratitude and filial piety all thrown together.
The moral of the story is that grandmother can be abusive and disgusting as long as she had taken good care of her son. Daughter in law must take the abuses and ill treatments and suffer in silence to be exemplary.
And grandson should not be thoughtless and must appreciate that the grandmother was once good. Oldies can be arrogant, rude, abusive and must be tolerated.
My moral of the story, don't ever marry a filial son unless you want to suffer in silence.
Where is the next flood?
There is a heavy down pour going on now. Are we going to see another flash flood in some corners of town? Haha, not in a million years.
City of the World
Take one step further, as suggested by Matilah, do away with citizenship and race. We should seriously consider taking a dramatic leap to the future, of Citizens of the World, where nationality no longer exists, and racial differences be erased. We shall be the innovator of the new world and show the world what it should be. How people of different races can live and co exist peacefully and happily.
Since we have come this far to open up our country to everyone, why not make our city the City of the World and our citizens the Citizens of the World, in short, COW?
In such a city, everyone is a citizen, equal, no nationality, but a world citizen. All the ablest can come and reside here. They can even stand for election to be part of the govt as long as they are good enough to be elected. No protection for any group, no quotas or restrictions.
And no need for citizen soldiers or NS. We just employ mercenaries to guard this place, and pay them well as deserving mercenaries.
The economy will be completely open and free, the ideal laissez faire for the entrepreneurs and biz people to be at their best. No govt intervention.
The govt shall leave the people alone to do what they are good at and those not able to shall find their own means to support themselves. They are free to go anywhere else, and the able and clever ones can come and replace them.
This will be the best experiment for this island, to show the countries of the world what the new world can be. No petty differences to quarrel about, no race and no nationality. And no social welfare. The only guarantee is one's ability to look after oneself.
The COWs will be the richest and happiest people in the world. A role model of free enterprise, a role model for living happily together regardless of race and nationality.
I don't think religion can be erased, so the COWs can practise their religions freely. I admit this last one is hard to please and may be disturbing with more religious conflicts. But let our mercenary soldiers and police deal with them.
Welcome to the city of Cows.
6/24/2010
Best advert on TV
Lately there is a very exciting advertisement on TV. I think it is in Channel 8. It goes something like this. A celebrity asking a young girl if it was her boy friend's birthday and whether she needed a birthday gift. Then she recommended her to go to a pawn shop to get some loan for the gift.
Given that we are in the midst of the Big Singapore Sale, it sure fits into the spending mood of the shoppers nicely. Now not only they can shop with credit cards, there is also the pawn shops available.
Good for the economy. And an attestment to our shopping culture.
The most disgusting act of Today paper
Arrrggghh....! Ptui!. I can't stand it. There were a couple of pages in today's Today paper covered with filthy and disgusting looking cigarette butts. I just cannot stand the sight of them. They really pissed me off.
What was Today's message? To piss off non smokers or smokers? I think it will have no effect on smokers as they love them. Some silly women even collect them and fill them in big transparent bottles to admire at them. And occasionally they will uncork the bottle of cigarette butts to enjoy a whiff of the stale stench.
Yak. Today, please, don't piss of the wrong audience. I threw the paper away immediately. It is so offensive. Stupid idea.
Hsien Loong's follow up visit to KL
Hsien Loong met up with Najib again to follow up on the Tanjong Pagar land swap deal. They had a joint press conference and both were beaming broadly giving the impression that they are steaming ahead.
Did I detect a little misgiving? Hsien Loong led a high level team including George Yeo, Mah Bow Tan and Shanmugam. On the other side the faces were not recognisable to me except Abdul Ghani of Johore. Where were the other ministers, notably Muhyiddin and Hishammudin? Is their absence an indicator that strong disagreements within UMNO is surfacing?
I hope my concern is unfounded.
The end of the Mahathir's story
He chose his date for his last battle, May 13. They rejected him. Still, a month later, he spoke with the same venom. He tried to incite the Malays against the other races. Thank God, they ignored him. That was his last show and he failed.
During his reign, a speech like that would have UMNO leaders kissing the keris, UMNO Youth supporters on the streets of KL and Kampong Bahru, threatening to run amok. And further south, Johore UMNO branch will be shouting across the causeway at you know who.
These could only happened in a coordinated move by an edict. This time no edict and the event slipped away. So hopefully will Mahathir. But his legacy and the mindset he helped to nurture over the 20 over years of his leadership will continue to drive the thinking of conservative and ultra Malays.
Vincent Tan may not get his toto booth licence with the conservative Malays threatening to organise a 100,000 men protest. A Chinese group attempted to take over a bank but the Malays protested that banks should be Malay owned. I am not sure if there is still a Chinese owned bank in Malaysia.
6/23/2010
Selfish, unsportsmanlike, small minded
Vivian Balakrishnan lashed out at people who attacked the foreign sports talents as selfish, unsportsmanlike, small minded and many more. He also stressed that our survival and prosperity are dependent on the foreign talents. So without foreign talents we are doomed.
I am 100% sure that without foreign sporting talents, our survival and prosperity will not be affected a wee bit except for the lack of sporting glory. I am also very sure that many critics did not attacked the foreign talents for their contributions but more for the foreign talent policy.
The foreign talent policy is like taking a short cut, coveting other people's talents instead of using the same money and resources to nurture our very own talents. Would it make any difference if the resources were given to our children instead of buying talents?
Vivian also talked about the X factor present in the North and South Korean teams. Obviously you can't buy X factor with money. And I also believe that it is treacherous to place our future, survival and prosperity, on foreign talents that can be bought by money. A nation's survival depends hell of a lot on X factor which no amount of money can buy. Many will die not for money or glory but for a conviction to country and nation. But some may called them silly idealists. Then again it is the silly idealists that countries depend on in desperate time of needs.
The talents that can be bought by money would have bought themselves an air ticket out at the first opportunity.
Terrorist attacks are a threat to national security
Are private organizations up to it in protecting themselves from terrorist attacks? The terrorists are not your daily thieves and robbers. They are well trained and well armed. Like Mas Selamat, some of them are experts in destructive warfare, and highly intelligent.
What kind of staff do the private organizations have to defend themselves in the event of an attack? Are they trained and armed, as well armed as the terrorists, and as intelligent as them?
The private organizations may be able to secure their place of work with technology and the handful of security guards which, unfortunate to say, many are from the Dad’s Army, some ex detainees for petty crimes, and some fat ladies. Pit them against the well trained experts of terrorist armies, well, the odds are like Argentina against Singapore in football.
Shall the responsibility of defending against terrorist acts be the responsibility of private organizations? Terrorism has changed the face of security of private organizations and businesses. It does not draw lines and boundaries, no war or civilian targets or battle fronts. It is trained terrorists against untrained or superficially trained security guards. This is a new ball game.
6/22/2010
Punished for being self employed
Many of the oldies are fully retired and living on whatever they have left in their savings, plus whatever they could withdraw from their CPF. Some oldies refused to quit and wanted to continue working. Getting a job is out of question unless you are a super human bean and indispensable. They may even pay you millions to keep you employed, happily.
So the less talented and not so super human beans will try to be self employed. Some may sell things in pasar malam, some as agents of this and that, except secret agents, some may try driving taxis. Some may want to start a small biz. What they all wanted to do is to earn a living, post retirement.
What they did not bargain for is that by being self employed, they must pay protection money to the CPF in the form of medisave contribution. They don’t care whether you have any other insurance to cover your backside, they don’t care whether you can afford to pay this protection money. They just say you pay if you want to be in business. And they will tell you that it is for your own good.
What a ransom against the oldies who are trying to be independent and not drawing down on their little savings. What kind of business cost is this? Bloody shit! It is like being punished for trying to help yourself. And they are trying to help you by taking more money from you. Or are they making things more difficult for the oldies to want to be self reliant? If they sincerely want to help the oldies, self employed oldies should be exempted from contributing to Medisave to reduce their business cost.
Don’t be ungrateful
There is this line of thought with regards to employing foreign talents here. It goes like this. Our forebears were foreign talents too. We must not forget our beginnings and must appreciate foreigners as they were like our forebears before. We should therefore welcome foreigners and treat them like one of us.
Is this the right thinking, the acceptable thinking to determine govt policies on recruiting foreign talents, especially to top positions, instead of true blue Singaporeans.
Yes, I must agree that our forefathers were migrants. I must also say that they came to a no man’s land. There was no country but a British colony. The British only cared about the wealth they could bring back to England. What the migrants did, whether they survived, what happened to this colony and its future well being, were not too much of their concern. And in 1969 they decided that it was time to pack up and go home. The migrants were left to fend for themselves, find their own ways, and build this rock into a country.
That was the beginning of a generation of migrants sticking together to make this island their home, a home for themselves and their children. They slogged in pretty harsh conditions, and very low pay, without knowing if they could succeed. No proper housing or infrastructure. Not much of a govt until they formed one. And through their hard work and sacrifices, we have this beautiful and wealthy island we called home.
We are the descendants of these migrants. They were not welcomed here as foreign talents but labourers, coolies, transient workers. We are the inheritance of the island country that they willed to us. Let not anyone be ungrateful to the children of the poor labourers who laid the foundation of this country, with their blood, sweat and tears. They did not have a good time. They did not complained, for they were striving for a better tomorrow for their children.
Today we have a country. We called ourselves citizens. We pledged to defend it by doing 2 to 2 ½ years of National Service.
The descendants of these children deserve to inherit this country and all it can provide. We can welcome new migrants to share our wealth. But we must always think of ourselves first. The best must be given to our own children. It is ungrateful to shower Ginny comes lately with all the goodies and tell the descendants of the nation builders to step aside if they are not good enough.
Don’t be ungrateful, don’t forget your roots and the works of your forebears. I am very sure they did not slog so that new migrants will come first and their descendants come second. If we proceed along this thinking that new and old citizens, and worst, PRs, deserve equal rights and equal chances, and better chances, soon the new citizens will tell the old citizens to get lost if they can’t make it here.
If we forget the distinction between ourselves and others, we will soon lose our place in the sun, in the island our forefathers built for us. And no citizens will take their citizenships and responsibilities seriously anymore.
What for?
6/21/2010
A better use for Speakers Corner
We have just celebrated racial and religious harmony day after two incidents of religious leaders making insulting remarks at other religions and their practices. They have since repented and apologised for their wrongful acts, and hopefully they are sincere and would not do it again.
I would like to suggest that anyone caught making disparaging remarks at other religions should be made to make an appearance at the Speakers Corner to explain his/her position and to make amends.
This will inject more life to the sleepy corner of Hong Lim.
Our soldiers in Afghanistan!
We have a medical team in Afghanistan helping to treat the wounded under a Nato led International Security Assistance Force, a peace keeping mission. Wonder when have we become part of Nato?
Our soldiers were brave. Risking their lives to save lives when artillery shelves were exploding around them. But the risk is very low, according to one of the brave soldiers. They used to say that brave soldiers are dead soldiers. But ours are alive and smart. The camp is so big, at least 11km wide. So the chances of a bomb hitting on them is very low. Maybe one in a million.
I pray that none of them will get an equivalent of a purple heart.
Why is this not a UN led mission but a Nato led mission? What's the difference? A UN mission is sanctioned by the UN, though the UN is not that respectable in neutrality, at least it is not part of an empire. Nato is part of an empire. And are we part of the empire? Or maybe this is a UN mission but commanded by Nato.
6/20/2010
A once in 50 years scenario
With so many foreign workers here, all hungry and in a hurry to make the extra dollar, it is so easy for someone or some issue to agitate them into a riot. Their numbers can be frightening when organised or behave like a mob. The decent and law abiding locals will be easy meat to be hacked just like the recent case of 7 Sarawakians running amok.
I just hope that no one will stand out to say that this is not expected and they were caught off guard.
We are in North Korea’s nuclear hit list
There was a very well written article in the ST yesterday written by Jeremy Auyong of SPH. It has this title, ‘A most glorious, victorious defeat’ and dressed up with a big statue of Kim Il Sung and a FIFA banner of the South African game. Half a page of the ST Life was devoted to this article. It claimed to be an intercepted report from the North Korean World Cup team to its Dear Leader. Readers are advised not to take this seriously as it was printed under the subgroup called ‘jay talking’.
Let me give a little cut and paste brief of the article. It is too long for posting here.
‘All hail the Dear Leader of limitlessly rich and strong Democratic People’s Republic of Korea….On Wed, our noble team of drones stopped only a little short of a complete and total humiliation of Brazil. The final score, according to the counting system of Western liberal apologists, was Brazil cowards, 2; the great team of the People,1.
…we outperform our evil scum neighbours to the south. The South Korean scoundrels managed only a miserable 2-0 scoreline against Greece, even though it is clear they were playing against a team of anti socialist conspirators that had been instructed beforehand not to try too hard….
The great victory was attained…We bowed before the life sized full colour framed portrait of Dear Leader that we have taken along at the expense of rations and a backup right back….
The noble team thank you limitlessly for authorising the temporary removal of the heavy tracking beacons that were strapped to their ankles…The players are so full of love for the Dear Leader that they now attempt to defect only once or twice a day….
As a reward for such an uplifting success, may I hereby suggest that daily team floggings be reduced from 15 strokes to 14 strokes. It would also be most magnanimous of Dear Leader if you would authorise the temporary decommissioning of the electroshock machine….
Yours humbly, Kim Jong Hun, coach of the great team of the People.’
I think it is funny and absolutely brilliant as a joke. And the editor must also agree that humour is good for the soul, never mind, the North Koreans are fun loving people and will not take offense at it.
On a more serious note, if North Korea finds us singing like westerners and want to point a nuclear warhead at us, and put us in their hate list, I think we can’t blame them. They may think that we are intentionally provoking them. Maybe this is a reason why we need to fear North Korea and speak out against them at every opportune moment. After all they don’t belong to the ‘right’ camp. They are evil actually, one of the three infamous Axis of Evil that we have been told daily, and to believe it is true.
We are really a blessed people with a good sense of humour. And we know how to choose the ‘right’ side. I better double check my storeroom cum bomb shelter to make sure it is same in case of a nuclear attack.
Subscribe to:
Posts (Atom)