$3,400 psf properties

$3,400 psf properties How could Singaporeans afford such properties when the top 20% population have a monthly per capita household income of $3000, according to some statistics that were splashed across the MSM? At $3,400 psf, it will mean a 1000 sq ft condo will cost $3.4 million. But these units built for the rich and famous are not going to be 1000 sq ft but 2000 or more. A 2000 sq ft will be a blooming $6.8 million. With the $3000 per capita income a month, Singaporeans would have to go and steal from some where if they can afford one of these units. How is it that about 70% of these properties are bought by Singaporeans? Unbelieveable! Something is seriously wrong here. Either the statistics are wrong, or something got to do with our corruption index. To buy such a property, one would need a monthly income of at least $30,000 and for many years. Where to find such animals in Singapore? Maybe there are, but can't be that many. The reality is that once these few Singaporeans have bought their shares, that's it. The rest will be bought by foreigners as the developers are going to build more. Surely with our miserable income of the top 20% at $3000 per capital household income they would not be able to afford such price tag. Maybe one day we will have to follow the footstep of Malaysia, and reserve 30% of all high end properties, or all privately developed properties to be sold to Singaporeans at a discount.

A green Sunday

What a lousy Sunday morning My eyes were sleepy, and everything takes an unusually slow pace. Even my movements were slow, slower than any other day. Sunday is meant to slow down, relax, forget the world, forget the rat race. The sexy pictures of Tang dynasty women did raise the heartbeat a little. But my poise and serenity vanished when I hit page 3 of the Sunday Times. My eyes turn green and instantly I am fill with rage, the rage of envy. How can young upstart claims that it is normal to earn US$500k at a tender age of 34 years? And what he was implying is that many are earning much more. This reminds me of those heady days of an unprecedented bull market when stupid remisiers went bragging that any normal remisier would earn $30k a month. And what happened to them is history. The same pathetic state also befell the insurance and housing agents. Probably many have now turned to become taxi drivers. In Singapore it is very hazardous to brag about your stratospheric income. People not only get envious but angry as well. Just like how I feel now. How can these young people earn so much and easy money some more. Must do something about it. I am still wondering what is the agenda of the paper to splash the erotic incomes of children and what will likely to happen to them later? It was only a few days ago when we read about the pathetic existence of 'has been' high flyers and the top 20% of our population only having a per capita household income of $3000 a month. If we have a young couple earning three quarter of a million each, it will mean that their per capita household income will be $60,000 a month or $30,000 if they have 2 children. This is really obscene. I am still seething with green rage. I am going to do something about this. I am going back to sleep and forget about this brutal reality.

plight of the unwanted talents

The unwanted talents I was talking to a cab driver last week. He was only 46, a NUS business graduate. Lost his job and could not find any and was resigned to driving a cab for $3k a month. He knew that no one will want to employ him anymore as he had tried and tried to be reemployed. In the Straits Times today, several pages were devoted to the issues of the unwanted talents. These are highly qualified, highly experienced and matured professionals, all ended unemployed or underemployed, disenchanted, disgrunted, ego deflated and life shattered. And yes, our country is crying for more foreign talents to replace them, that we have no talents and no experienced professionals and managers. And yes, our qualified people are leaving our shores and we need to replace them with foreigners. What is the problem? No problem at all. Can't see any problem. It is all globalisation's fault and nothing can be done about it. It is so pathetic and depressing to see these once high flyers who are now willing to earn half or one third of their income, maybe less, begging to be employed. We don't have jobs for them? Bullshit! There are many jobs waiting to be filled or filled by people who don't need them or did not have the time for them. We have a few super talents hogging on many jobs and pretending to be working and effective, but in reality, going through the motion as the multiple jobs they are handling are beyond them. That's why shits are piling up everywhere. Just take the occupation of company independent directors will do. There are something like 700 companies listed in the Stock Exchange and each requires the services of at least 2 independent directors. But many of these positions are filled by duplicates or people who either cannot do the job or do not have the time to do it. Indepedent directors can be a profession by itself for the lost talents who have acquired a wealth of experience through their working life. Then the multi tasking that have gone crazy and people ended up with 10 or 20 hats. This is another bullshit in our system. 2 or 3 hats may be just the maximum that an able person can handle, and still stressing him out. More than that, I can only think of one person being capable of doing it. He must be omnipresence, omni conscience and untiring and undying. If there is conscious effort to create more decent and highly qualified jobs for the experienced professionals, there are many ways. Manage the appointments of independent directorship and cut down on multi tasking, and we will have created some extra jobs to go around. Provided those with a big fat pension are not allowed to say I want also. I almost forgot that this multi tasking thing went down to the middle or lower professional level too, making people doing several jobs at the same time without understanding that at the lower level they are definitely not super talents and would not have the talent to do them. One man or woman only has 8 or 10 hours a day to work. Beyond that he/she is working to his own death unless he/she is cheating all the way, without doing his/her fair share of the load.

hypocrisy of the howard govt

Come come, Howard, Please get off your high horse and join the community of free trades. You can't be protecting Qantas by accusing Singapore of protecting SIA. You or Qantas has been given special privileges, more than SIA, through out generosity and stupidity to trust that you will reciprocate a magnanimous gesture with another. Now you are showing your horns by saying that 'One of the reasons we are sceptical of Singapore Airlines is that it has a level of protection from the Singapore Govt which far exceeds the level of protection that Qantas enjoys, and it is very important that we do not needlessly bargain away the interests that our national carrier has.' Just tell the world what SIA enjoys or is being protected by the Singapore Govt and stop making sweeping remarks that you know you can't justify or is untrue. The truth is that Qantas is over protected by the Australian Govt. The Singapore Govt shall henceforth drag its feet in facilitating or pushing for ASEAN's inclusion and acceptance of Australia.

'The naughty lion'

'The naughty lion' Many long years ago, there was a lonely lion in the island called Temasek. It was the only lion and had never seen another lion. One day, while frolicking in the water off Pasir Panjang beach, it saw a beautiful sea lion. To the lion, a sea lion was also a lion. And it was happy, and they were happy. A few months later a baby merlion was born. The paintings of this beautiful merlion is on exhibited at the new National Museum by our very own painter David Chan. He even christianed the merlion as Singa Merlionus. And so the story goes. And we have our naughty lion and merlion. Copahagen has a mermaid.