In his first battle cry for Punggol East, Chee Hian was
reminding the voters of the PAP’s promises in the last GE, in housing,
transport, education and health care. He forgot to mention about population
increase and the influx of foreigners. But what were these promises? Housing
prices have shot through the roof. A huge bubble has formed though no one dares
to call it a bubble. Transportation, is it getting better or getting worst?
Education, my view is that it is a very subjective issue and its consequences
would only be felt in the long run. The immediate pain is the high cost of
education in the tertiary level. Health care is great, super great. We are
having the best health care in the world. But many would be patients fear using
it as it will bankrupt the average Sinkies in double quick time. It is better
to go to the sinsehs or self medicate, or leave it to nature to take its
natural course.
The biggest bugbear is definitely housing. Boon Wan has
quoted another 200,000 units of housing being available in 2016. He is claiming
credit for building more flats. In the first place who screwed up the housing
issue for the citizens? We do not need a govt to screw up things and then
telling the people it is going to fix it and claiming credit for it.
The 200,000 units are too late, and many Sinkies have
already been screwed. And the 200,000 units would not be enough if the foreigners
keep coming in and are allowed to keep buying and buying, be it private or HDB
flats. The foreigners have unlimited funds and are here to make money from the
Sinkies that needed a roof over their heads. This is elementary. When every
joker foreigner or speculator makes money from properties, it means some
pathetic Sinkies would be the ultimate victims, having to pay ever higher and
higher prices for something that need not cost so much.
The market forces theory is a big farce. It is govt policy,
not market forces that drove up property prices. And as long as the demand from
foreigners is not stopped, building another 1 million units would still not be
enough. Get it?