Population Growth is good

[airfins]

When the country grow and grow then more and more foreigner will be imported until they become the Majority in the country. That should happen around 2060 and if the world don't end
by 2090 there will be only a handful true blue Singaporean left in this island. Get to the root of the problem and solve it even if we need to use the reserve. This is a problem of true Singapore survival, don't plug it by creating another destructive temporally solution.

 

[ricohflex]

Can shelve the so-called protest - people are not interested.
Miserable attendance - only 1,000 people.
Fizzled out. Only found out reading online news - event today 5 Oct 13.
No interest by SG public.
http://sg.news.yahoo.com/final-white-paper-protest-at-hong-lim-park-attracts-1-000-153626039.html

How to compete with all these other events that were held on the same day:
• Robinsons Expo Sale
• Interior and Living Asia 2013 expo
• Wedding & Shopping Asia 2013 expo
• Baby Market Fair 2013 expo
• Electrical and IT World Expo (Harvey Norman)

• Takashimaya My Japan Holiday Travel Fair
• Marks & Spencer Islandwide Sale
• John Little Real Hot Sale
• LovethatBag Branded Bags Outlet Clearance Sale (Prada & Gucci - not Lowepro camera bag)
• Aussino Bed Linen Atrium Sale Fair
• Courts Grand Re-Opening Sale at Jem - remember to look up at the ceiling from time to time and dive for cover if necessary.
• AirAsia 3 Days $1 Air Tickets Sale
• BritishIndia Fashion Sale
• JB entertainment outlets, Legoland, premium outlet

 

[hanzohattori]

And there you have the problem.. materialism

 

[Bukitimah]

The question that begs asking is this: Have we instead imposed too many limitations on ourselves? We allowed housing prices to rise so high, and that actually forms a limiting factor on innovation because people are less inclined to take risks when they have to take a 20-40 year loan.

When our economy centre around milking from the 6.9 million, many will go dry to feed the 10%. So the base got to grow better so that each individual will be milked less.

 

[Octarine]

I do think this has nothing to do with taxes and everything to do with the fact that pushing prices down in any aggressive way will result in people's worth being diminished significantly. Just think about it, if you just bought a property for a million and it became 500k overnight, how would you feel?

Many people did this and do this not only with property. If one buys into bubble at the peak then punishment (or "correction") is bound to follow.
It looks to me as if the cheap money of the past years lured locals into playing around with houses and property. Then they complain about prices going through the roof, then they complain about corrective measures..
As long as one does not sell, all the numbers are just artificial. The real value of your own house / home should be more than Dollars.

 

[ricohflex]

Cheap money of the past only refers to the interest rate of borrowing. Most of them cannot afford to buy a $2 Million house outright with cash. They take a big bank loan. So when interest rates rise as they eventually must, these people are dead-on-arrival.

 

[Jedi]

Cheap money of the past only refers to the interest rate of borrowing. Most of them cannot afford to buy a $2 Million house outright with cash. They take a big bank loan. So when interest rates rise as they eventually must, these people are dead-on-arrival.

How many of them? Do you have the figures?

Last heard was around 5% who have over-leveraged.

Therefore, when interest rate normalised in the near future, somewhere in second half of 2014 and beyond, they will be so called forced to liquidate their properties. However, it does not mean that all of them will make a loss by selling their properties.

Just an illustration, individual X bought another property at $500k in 2008, taking advantage of the lower interest, so he pays relative low interest rate. His income bearly can afford 2 properties, so he is over leveraging, i.e. any sudden rise in interest rate or other circumstances such as losing his job will force him into a fix situation. He will have to sell one of the properties. His second property was tenanted, so he collects rental on the monthly to service the loan. There will be some balances left. For example, montly loan is $3k while rental is $3.3k, so he has $300 income as a supplement.

Due to the fact that property prices have skyrocketed over the years. His second property is valued at $1.2m now. Fast forward to 2014, interest rate really rises to 4-5%, he has no choice but to liguidate the second property because he couldn't serve the loan anymore. He managed to sell at $1.1m, so he still make a few hundred thousands. Does anyone think that the value of his second property will fall below $500k?

Therefore, how many people are really affected by rising interest rate is still unclear. The 5% souls who have overleveraged? Let see in 2014.

 

[Jedi]

Our PM has reiterated that the public has misunderstood regarding the 6.9 millions as a target during the recent interview on TV.

According to him, this figure is a guide for the government to plan its infrastructure.

On thing to note from him during the interview was that there are 20,000 new citizenship as well as 30,000 PR given out every year respectively. If these figures hold water, it will take more than a few decades for Singapore to have 6.9 millions population. Hence, the public outcry for the white paper was over zealous.

 

[Zenten]

Our PM has reiterated that the public has misunderstood regarding the 6.9 millions as a target during the recent interview on TV.

According to him, this figure is a guide for the government to plan its infrastructure.

On thing to note from him during the interview was that there are 20,000 new citizenship as well as 30,000 PR given out every year respectively. If these figures hold water, it will take more than a few decades for Singapore to have 6.9 millions population. Hence, the public outcry for the white paper was over zealous.

He can say all he wants...... queueing up to take a pee is something that he has to contend with .....

 

[Bukitimah]

Our PM has reiterated that the public has misunderstood regarding the 6.9 millions as a target during the recent interview on TV.

According to him, this figure is a guide for the government to plan its infrastructure.

On thing to note from him during the interview was that there are 20,000 new citizenship as well as 30,000 PR given out every year respectively. If these figures hold water, it will take more than a few decades for Singapore to have 6.9 millions population. Hence, the public outcry for the white paper was over zealous.

Said what you like and back up with data from all the experts. Just walk out to the MRT stations, market where ordinary people live. Tell me the population whether citizen, PR, FT what have you are manageable and good for our living condition.

For others that do not need to frequent such places, there will be less I. Pact. Schools are pre-arranged, housing are a breeze, food at the best you can find. Most important of all, safe and protected.

 

[can100D]

Mother Nature will always force a rest.
Stock market going up too high, will crash.
Human population growing too high, will crash (diseases, riots).
For every six days of work, there should be a day of complete rest.

 

[ArchRival]

Human population growing too high, will crash (diseases, riots).

That's why garment is now banning alcohol! :bsmilie:
Alcohol is the No. 1 cause of your riot problems! :bsmilie:

 

[Sion]

Even we got enough housing, does we having enough space for leisure and other stuffs?

The future of Singapore will be up in the space above little red dot:

No need to worry about buying sands and stones from Malaysia and Indonesia. :bsmilie:

 

[Sion]

That's why garment is now banning alcohol! :bsmilie:
Alcohol is the No. 1 cause of your riot problems! :bsmilie:

Alocohol alone will create riots.

But Alcohol + Sex = Peace & Satisfaction.

We need to import their woman folks too. We must learn from Kempeitai about the concept of 慰安妇.

 

[Zenten]

There is this PRC that I know who had been trying to get PR status for the longest time but without success ....... with the 先登车, 后补票 mentality, he got his wife pregnant .......Lo and behold, he is now a PR .......... call that coincidence or having the right approach......... :think: