Legacy of the babyboomers

This is the generation that sees the transformation of the world and this island, from war to peace, and from poverty to wealth. And they are the ones who are holding on to all the wealth and power, and not letting go. They will cling on till their deaths whatever they have, position, money and power. On their passing, in 10 or 20 years time, we will see what they have left behind. One thing for sure, they will be a lot of properties passing down. Many have several properties for their children and themselves. At the worst each will have a HDB flat. Their children or grand children will be the beneficiaries of the wealth. The next generation will not be roofless. They will have more than one roof or a better roof over their heads. Any demand for housing will be more of a case of upgrading. But there will be a net increase in the availability of housing/flats in the market and a dwindling demand for various reasons. Other than the many already well provided for by the babyboomers, or inheriting an extra unit, the population is not growing at such a healthy rate to generate a growth in demand for more residential properties. Can there be a continuous demand and a running away of property prices? It can, with another 3 million foreigners coming in to grab up all the high end properties. The demographic pattern will change. Today it is the old and new rich that are holding onto their landed properties and the masses in HDBs. This may changed when the bulk of high end properties in expansive downtown be all owned by foreigners and the citizens living in the outskirts of town. And living in downtown will be so expansive that it will be a truly foreign city within a city. Singaporeans could be alien in downtown other than workers in the hours of light. When darkness falls, Singaporeans will return to their HDB estates away from downtown. Would we see a day when the new choices part of the island, the new downtown, be a paradise of foreigners?

Li Hongyi - The making of a future leader

The case is now officially in the msm. A very interesting case study on the integrity of our system and the development of a fine young man. Personally I feel that the case is very well handled and with a lot of transparency. As for Hongyi, he is starting to cut his spurs. It is good to be young, to test the waters, get your feet wet and learn from the experience. We were all brash young things once. We have our own tales of innocence and flirting with the authority. It is the right of all young men to make controversial decisions and to learn along the way. The last historical Hongyi turned out to be a fine emperor. This modern Hongyi could follow the same path. Everyone should enjoy the passage of youth as a growing up process and to live to remember the good times.

Upgrading peasant expectations

We have made progress. We started by squatting on the roadside eating from street peddlers. We have moved to hawker centres, aircon food courts and into restaurants. Now we are even into fine dining. At hawker centres, the dirty hawkers would throw the plate of char kway teow at you, with the dirty chopsticks as well. And you cannot demand for anything. That was what you paid for. In fine dining, things changed. The cooks are of international standards and paid top dollars. They knew perfectly what they are expected to deliver. The ingredients are the finest and freshest. The dining tables and chairs, the crockery and cutlery, each piece may cost a few hundred bucks. The table cloth, the service staff, not simply waiters and waitresses, are specially trained with fine manners to pamper the diners. These are what the peasants must learn to expect in fine dining. And they need to upgrade their taste and attitude. They cannot simply accept slipshod services and quality of food. When the service staff are rude and uncourteous, they must be rudely told off. When the food are not well prepared, they must demand to see the chef. There is no excuses for poor quality. They cannot turn around and tell the peasants, 'If you don't like huh, you could yourself lah.' They may be peasant made good chefs, no matter. Professional chefs of international standards, and paid in millions, must live up to their reputation and deliver quality stuff. Anything less is shortchanging. There is no such things as asking the people on how to cook a meal. They are the experts, and they called themselves the experts. When the menu is for French cuisine, it must be French cuisine. How would the peasants know how to prepare fois gras or escargots? How would the peasants know what is good wine or higher grade vinegar? The attitude and expectations of both peasants and chefs must change. Peasants should be more discerning and demand for good service and quality products. And they must know what is good service and quality products. They have the right to demand. For they are paying top dollars for it. The chefs must have some self respect to do what they are paid for. They can't be expected to continue with hawker fares and shaft it down the throat of the peasants. It is terribly embarrassing for top chefs who can't deliver and still collect top pay checks. As we progress, everyone must upgrade their mindset, their training and skills and expectations. Then only we will have real progress.

How not to make friends?

I was staring at the Today paper this morning. And staring back at me, on the top right hand corner of the front page, titled, Where Money Talks, Some of Asia's least and most corrupt countries. Standing right on top is the famous brand, Singapore. Right at the embarrassing bottom, Indonesia. The thing is that there are many ways of presenting data that can help to blow our own trumpet without blowing foul air at people whom we have no reason to dismiss. Why can't the column just post the top 5 best and leave it as that? Or is it our nature to tell the brutal truth? I am best, you are last!

Myth 148 - The Golden Period

Many people will be turned off by this phrase. Many will sneer at its pomposity. Many will rubbish it off. But believe me, it is true. This is not a myth. We are indeed in the golden period. Never in our history have so many people who upgraded from HDB flats to live in mansions. And not only one mansion but another 5 or 10 private properties. And some better still, a few more properties overseas, to hedge just in case Singapore sinks tomorrow. With so much money to play with, they can have all kinds of contingency plans. Never in our history have there been so much wealth that $600k is rubbished as small change. And there are many people who have so much money that they can say, 'What is $5 million or $10 million?' And never have there been so many people bathing in money, earning millions and millions. If this is not the golden year, then what is? And the phenomenon is not only happening here. The same thing is happening in Malaysia. Many are also laughing all the way to the banks. Many have exceeded the Swiss standard of living by all means. For those who are left behind and cannot experience the golden ray, it is their fault. This is a land of opportunities. Exploit the system to your benefit. If you can't then don't blame others. I don't blame others though I am not experiencing any of the golden ray. Just not talented enough.