I just heard the most Absurd  news report ever!

It was reported that someone from PAP (I can’t remember who!) said that it wasn’t coincidental that Singaporeans could now buy flats that are below market rate and sell them at a much higher price 5 years later. And, the value of the same type of housing in Singapore is at least 5-10 times more valuable than the same type of housing in Malaysia or Indonesia.

This, he attributed to PAP’s good governance, planning and policy making.

OMG! Do you really think Singaporeans will buy this crap?

1. I don’t think you need an economics student to tell you that when a particular resource is scarce, it’s price will automatically go up. Considering, Singapore is way smaller than both Malaysia and Indonesia, isn’t it logical that land is scarce in Singapore and therefore, so is housing? And by logical deduction, the valuable of our flats are supposed to be naturally more expensive than theirs?

2. I don’t think PAP should be proud about housing prices being so high. Doesn’t that signify that the cost of living is climbing up fast as well? The cost of living in Singapore is suffocating people and citizens are getting increasingly disgruntled about it. And you are still emphasizing this sore point? Trying to shoot yourself in the foot??!! Oh well… Good Luck and God bless!

amor,esperanza y fe 8:29 PM.

I just heard the most Absurd  news report ever!

It was reported that someone from PAP (I can’t remember who!) said that it wasn’t coincidental that Singaporeans could now buy flats that are below market rate and sell them at a much higher price 5 years later. And, the value of the same type of housing in Singapore is at least 5-10 times more valuable than the same type of housing in Malaysia or Indonesia.

This, he attributed to PAP’s good governance, planning and policy making.

OMG! Do you really think Singaporeans will buy this crap?

1. I don’t think you need an economics student to tell you that when a particular resource is scarce, it’s price will automatically go up. Considering, Singapore is way smaller than both Malaysia and Indonesia, isn’t it logical that land is scarce in Singapore and therefore, so is housing? And by logical deduction, the valuable of our flats are supposed to be naturally more expensive than theirs?

2. I don’t think PAP should be proud about housing prices being so high. Doesn’t that signify that the cost of living is climbing up fast as well? The cost of living in Singapore is suffocating people and citizens are getting increasingly disgruntled about it. And you are still emphasizing this sore point? Trying to shoot yourself in the foot??!! Oh well… Good Luck and God bless!