Singapore is spiralling downwards

I am just a commoner who has observed that Singapore is spiralling downwards.

Its top people are very inward looking.
We have policies and protocols. sound impressive right. but sometime, the top people must go down to ground level to do spot checks and bring the report written by their subordinates to see whether it tallies. the culture has become such that the top people are being told what they want to hear only, correct? like in the army, right? so tell me, whats wrong with the top people?

if they still continue to adopt an inward looking approach, i think we are doomed. They have run out of ideas because policies that were good then, does not work now. they are still base on models that worked in the nation building days. wake up wake up. either you are lazy or too incompetent.

The country is just too expensive to live in. a lot of countries have caught up and are even better and affordable and they come much cheaper in terms of pricing for business. so how do the top people counter this? we will lose the competitive edge over these neighbouring countries. i have no idea and solution as i am a commoner and the top always like to be lords over us. so whats the solution top men?

Was it south korea, hong kong, taiwan and Singapore that were labelled the 4 rising tigers of asia? can someone do a comparison test to see where Singapore stands amongst the 4? my knowledge is limited.

There is so much feedback and truth on the internet, why not tap on these and move the country forward? why make feedback fake? proper channels? yes but the info has always been tweaked. this show one thing, in this new economy, the top will not last long. thankfully i hope. may the next better player take over.

There is one thing i learnt during my 2 years serving the nation, it is this word called wayang. a good balance is good but too much wayang is bad for the country.

 

A concerned citizen

 

 

yyy
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57 Responses to “Singapore is spiralling downwards”

  • the ones with the mojo:

    //We have policies and protocols. sound impressive right. but sometime, the top people must go down to ground level to do spot checks and bring the report written by their subordinates to see whether it tallies.//

    a lot of eunuchs will ensure that the top people are ‘veiled’ and the top peopole will most likely hear and see the good things as ‘bad things’ will also reflect ‘badly’ on the performance of the eunuchs & team ?

    as we know before visit by top people, eunuchs will choose the route, area for them to visit plus some part-time plp actors to act as decorative set props to ensure that the visit is a happy experience and occasion ? and you never know that top people and eunuchs need one another to scratch the back of one another in a beautifully choreographed charade ?

    a lot of our top people (the white idiots) do not really possess the mojo (the real fire) to be top people but are actually inserted into system ? must invite them with a high teasing $$$ to attract them and then pave the path (backdoor) for them to nicely stroll in ?

    in fact, the ones with the mojo are the outsiders (the opposition members) who must time after time fight against all the odds (wayang) put up by the top white idiots and gang & utilize their own & supporters’ private resources ???

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  • Asd:

    Pocket full of money liao.

    You all can say what you want…

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  • Wickedness:

    With bread in their mouth, your people become blind, deaf and dumb to all the injustices and inequalities prosperity by the rich and for the rich has brought you.

    Nations like Singapore’s politicians/leaders kept silent when other cities burn because of economic injustices and the rule of oppressive law and yet they will shake each other bloody hands for business over fine dinning.

    Likewise, the people’s conscience, under such leadership, is also seared

    What a wicked city.

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  • Asdd:

    I think Singapore is not for Singaporean..

    I think that when somebody say for the good of Singapore one should not interrupt it means it’s good for Singaporean.

    Country and Citizen are two different thing when people talk cock sing song.

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  • Dr. Chan:

    @A Concerned Citizen
    That is why we have GE. During GE, Citizens get to decide their direction and fate. I always vote for oppositions during GE. My personal belief is the importance of term limits.
    LKY was good when he was opposition, working with and for people. After he sat too long he thought he became KING instead of remaining SERVANT.
    Therefore, the country will be safer with TERM LIMITS. Nobody will ever think they own the country. They have to continously show that they work for the people as a REAL SERVANT.

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  • Singaporean Kong Come:

    Sometime, the top people must go down to ground level to do spot checks and bring the report written by their subordinates to see whether it tallies. Stop dreaming, they on spot check n see what is the best policy which can bring in more wealth for their big fat salary. (Understand. Look at our Parleement. These eunuch sleeping or pong ten, n speak bird language, they did not voice up for the people, like your CPF, for the past decade they did not bother nor the existing opposition in parleement. Always when come to pushing of certain bill, these eunuch will B present in full house, pushing the bill for their paymaster. This is what U 80% daft n sickman voted for what U deserve.

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  • The culprit?:

    The culprit? Extreme pressure on the (over)use of land (space), resulting in an adverse spiraling land-price related impact on the economy as well as its accompanying adverse impact on the standard of living for Singaporeans, coupled with the resulting (un)competiveness of SG caused by its uneconomic use (read its under-productive use in relying on uneconomic and low value-added head count rather than its use for high value-added economic activities to propel the economy) in an extreme land scarcity scenario.

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  • Singaporean Lost Soul.:

    There is so much feedback and truth on the internet, why not tap on these and move the country forward? Just kick all these eunuch out, make a change, N bring in new fresh start. Then we ca move forward. Do not let these eunuch always give fake news n con U. They has no substance, only good in fetching million $$$$ salary. look at the Indian over night turn Malay president. What weight n substance she has?

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  • NotMyProblem:

    @A Concerned Citizen; I think you need to ask all those questions to the 70% who voted the PAP.

    We all know there was no competent people in the PAP but the 70% still vote them in. There was a saying “Idiot politician is not the problem, the problem is those idiots who voted them in”.

    Hong Hong, Taiwan, S Korea and Singapore were Asia’s 4 dragons more than 20 years ago. Where ever Singaporeans went there were admiration from the host, but now, we don’t even mention we are Singaporeans!

    Wayang will still be here. As long as the 70% still watching, wayang will never end.

    For our country and future generations, vote against the PAP. It is PAP vs the People. PAP loses, the People win.

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  • TruBlu:

    our society has oredy become fractious and sgs are bashing other sgs who they thin k are ‘weaker’ than themselves while KOWTOW-ing to aliens ,particularly,those well-heeled angmohs indian FTs etc.

    instead of helping the weaker countrymen among us,sgs look down on these weaker countrymen and even bash them.

    I dare say many common sgs have had bad encounters with GRASSROOT MEMBERS,who behave like puss* cats in front of their MPs/ministers but literally PREY on their neighbours whom they they think are weaker or of no value to their personal gratifications,one way or another.

    in the PAST,our LEADERS ENSURED THAT THE GRASSROOT MEMBERS THEY CHOSE WERE SGS OF GOOD INTEGRITY N PUBLIC-SPIRITEDNESS AND NOT pretending to ‘serve’ just for personal gains in truth???

    WHERE DO YOU FIND HONEST N GOOD GRASSROOT MEMBERS THESE DAYS?
    PRAY TELL THIS humble sg-uncle who witness it all?

    WE MUST ENSURE WE HAVE GOOD GRASSROOT PEOPLE WITH HIGH INTEGRITY AND SINCERITY TO PUBLIC SERVICE TO RE-INVENT OUR SCOURGED SOCIETY once again.

    QUANTITY OF GRASSROOT PEOPLE IS OF NO OR NEGATIVE SIGNIFICANCE ID SUCH PEOPLE JOIN JUST TO SERVE THEIR OWN ‘NEEDS’,AM I RIGHT?

    LIKE OUR GOOD OLD GAURDS SAID WHAT MATTERS IN CHOOSING GRASSROOT LEADERS/MEMEBERS IS COMMITTMENT TO SERVE OTHERS ESPECIALLY THE WEAKER FROM AMONG US.

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  • Bapak:

    The top doesn’t like to hear bad news, so the bottom people give them what they wanted. On the other side, 30% have been telling the 70% idiotic fools how wrong they are but they don’t believe. So the downward spiral continued.

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  • Asd:

    Complain all you want…
    Pocket full of money liao…
    Who gives a dam.. you are just a citizen paying your dues via tax…
    If indeed investment making alot of money than where is it and why still want to tax more and more ? Pay ownself and family m$ while the stake holders (citizen) get afew hundred every afew years when election is coming ? Why no pay ownself in form of medisave ar ?

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  • 70% mandated:

    70% mandated pap .

    Sound too nice ?

    Okay 70% catfished by pap.

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  • PAP has become hopeless:

    all the above observations had been highlighted many times over..
    but we seem to see no improvements.
    theyre waiting for the citizens to give them ideas.
    President HY & some ministers reported asking citizens to give n share ideas n work together to solve problems..
    wah, theyre paid mil$salary but now citizens got to do the work for them too/thinking for them?
    if so have a competition and whatever great idea is implemented, that contributor shd be recognised and paid for it.
    only know how to steal others hard work/ideas? (eg SDP’s).
    no shame!!!

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  • Overpriced like shit...:

    A local entrepreneur visits his bank manager and asks, “Hi sir, I’ve got a product idea: so how do I start a small business?” The manager replies: “Start a large one instead and just wait six months lah.”

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  • Sg will never change:

    If sgreans can become vocal like HK,
    I suck a durian.

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  • Gu Hei Toi #06-189:

    70% voted for the slippery slope and dragged the 30% down with them. Now everyone gotta suck it up.

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  • Flabbergasted:

    Agreed.

    A bubble economy of inflated ultra-property prices and rent-seeking blood suckers.

    The biggest rent collector is also biggest employer of useless paper generals who are paid millions.

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  • CNA asks if recession:

    https://youtu.be/j2qSRmbhvR8

    CNA posted a video asking if the sg going into recession.

    It’s boss the garment has the full data to calculate the GDP.
    Why not just ask it’s boss instead of asking the layman who has no full picture?

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  • Harder Truths:

    YOu did not serve the nation. You gave up two years of a very important period in your life and you will not understand how important until later on, when you see how the government & FT are able to use this against you to keep you as a third-rate labourer.

    Your work in that two year period had nothing to do with the nation. Nothing. You earned nothing nor did get any skills or were paid a salary that allowed you to survive. You were slave labour so that some FT could have your place in society.

    The best you can hope for now is to get (and keep for as long as possible) a low-paying third rate job a monkey could do with similar training. Something that will disappear once they find an FT to replace you or make that position redundant.

    Forget about owning anything. Only FT can really own something after taking out all their money and returning to live in their fully paid-for houses overseas, courtesy of the government.

    Also remember to thank the 70% – the people you are supposed to fight and die for (who are full of FT never having done NS anyway) as they have made sure you have no future.

    Lastly – no point KPKB-ing. No one gives a shit. We are honest here at TRE about your future chances – and that is ZERO.

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  • Rabble-rouser:

    S’pore in reality is like a Potemkin Village. Go read the link below:
    https://en.m.wikipedia.org/wiki/Potemkin_village

    The PA & GRO mechanism were funded through millions of govt monies to ensure that the PAP govt had a foothold in the Heartlands & a pulse of the nation. But grassroots participation only attracted the Sycophants & those Calculative beings who were in it for the special privileges. And once those delicious 2 bites of the HDB cherry (priority queue, location & selection choice, etc) for services rendered in GROs were exhausted – many grassroots participants fell out of orbit after they exhausted their “benefits”.
    In their place came the contractors, the “professionals” & many small-time businessmen in Manpower supply & services, media & printing services, signage & outdoor advertising services, etc. They came in their Benzs, BMWs, wearing Rolex watches & staying in private property to represent the HDB communes. Their objective? To infiltrate the GRO & “rabba-rabba” with the Ministers for self-rewards; initiate crony businesses ventures eg. Kopi-tiam, food court businesses, Contracting major contracts with HDB Town Councils; the “Professional” – networking with Minister wards to lobby & gain access to the GLCs; & the small-time businessmen – reap business opportunities within the cash-flushed PA/GRO mechanism for lucrative work inside a well-sheltered political economy.
    Of course in this Artificial patronage of public service eco-system which has more to do with personal motivations & obvious agenda (than public service), no one wants to be a harbinger for bad news.
    - Cont’d -

    the ones with the mojo:
    a lot of eunuchs will ensure that the top people are ‘veiled’ and the top peopole will most likely hear and see the good things as ‘bad things’ will also reflect ‘badly’ on the performance of the eunuchs & team ?

    as we know before visit by top people, eunuchs will choose the route, area for them to visit plus some part-time plp actors to act as decorative set props to ensure that the visit is a happy experience and occasion ? and you never know that top people and eunuchs need one another to scratch the back of one another in a beautifully choreographed charade ?

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  • Rabble-rouser:

    S’pore in reality is like a Potemkin Village. Go read the link below:
    https://en.m.wikipedia.org/wiki/Potemkin_village

    The PA & GRO mechanism were funded through millions of govt monies to ensure that the PAP govt had a foothold in the Heartlands & a pulse of the nation. But grassroots participation only attracted the Sycophants & those Calculative beings who were in it for the special privileges. And once those delicious 2 bites of the HDB cherry (priority queue, location & selection choice, etc) for services rendered in GROs were exhausted – many grassroots participants fell out of orbit after they exhausted their “benefits”.
    In their place came the contractors, the “professionals” & many small-time businessmen in Manpower supply & services, media & printing services, signage & outdoor advertising services, etc. They came in their Benzs, BMWs, wearing Rolex watches & staying in private property to represent the HDB communes. Their objective? To infiltrate the GRO & “rabba-rabba” with the Ministers for self-rewards; initiate crony businesses ventures eg. Kopi-tiam, food court businesses, Contracting major contracts with HDB Town Councils; the “Professional” – networking with Minister wards to lobby & gain access to the GLCs; & the small-time businessmen – reap business opportunities within the cash-flushed PA/GRO mechanism for lucrative work inside a well-sheltered political economy.
    Of course in this Artificial patronage of public service eco-system which has more to do with personal motivations & obvious agenda (than public service), no one wants to be a harbinger for bad news.
    - Cont’d -

    the ones with the mojo:
    a lot of eunuchs will ensure that the top people are ‘veiled’ and the top peopole will most likely hear and see the good things as ‘bad things’ will also reflect ‘badly’ on the performance of the eunuchs & team ?

    as we know before visit by top people, eunuchs will choose the route, area for them to visit plus some part-time plp actors to act as decorative set props to ensure that the visit is a happy experience and occasion ? and you never know that top people and eunuchs need one another to scratch the back of one another in a beautifully choreographed charade ?

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  • Rabble-rouser:

    - Cont’d -
    In a political context, any hollow or false construct, physical or figurative, meant to hide an undesirable or potentially damaging situation.
    Of course, it would mean… “need[ing] one another to scratch the back of the other in a beautifully choreographed charade” to ensure there’s no negativity nor never be too alarming [cry wolf] to the docile flock of sheep nibbling on grass in the [Heartlands] meadows! But the abbatoir beckons for those clueless sheep to be slaughtered!

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  • no time, con citizen:

    Time is needed to multiply the mulitimillions n to find places to keep them. So no time to think n find out you miserable daft citizens

    Time is needed to think of how to bluff n bribe you daft so that there will be more years to dig n collect. So no time to think of policy to honor the oath which politicians all know r just wayang. Only u daft believe in karma, ha ha ho ho ho

    Time is needed to think of how to strategically place what u guy nick as despercable plp so that they can clean up the filth they left behind. So no time to think of how not to throw the s over you miserable poor citizens.

    Time is needed to work out plans how to fake but sound good to u stupid, dirty n poor citizens so that u stupids r so happy even when u have to give up your jobs to the foreigners imported n needed to be given jobs

    Time is needed to think how to use the cpf to allow the recruited nepotic n plp brookies to learn how to gamble in shares
    to avoid u kpkb. Do u know how long it take to think of legistimely draining out your cpf monies so that the rookies can learn how to lose n get reward for learning like how the gorilla internationally as generous strong powerful woman to help foreigners to have buyers for their debt stricken colpanies and make big profits

    aiya u die u r stupid, none of their Get it u stupid.

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  • Chief No Justice:

    @ TruBlu and others

    These days our civil servants seem to work only for GRASSLOOTERS when it comes to disputes or law enforcement in our neighbourhoods.

    Officers take side openly with sgs connected to grassroot leaders or members.
    Many common sgs get bullied by the prejudiced treatments from civil service officers working on the ground.

    Something is indeed very wrong.
    Our ministers seem to condone all these misconduct and lack of integrity from civil servants these days where civil servants simply let go off wrong-doings done by grassrooters?

    Time for honest feedback from sgs who have encountered such incidents.
    Time for ministers to wake up and ensure grassrooters do not abuse their positions and subject our civil servants to do their biddings and bully other sgs with no connections.

    Time for AGO TO ASK CITIZENS’ DIRECT COMPLAINTS SHOULD THEY EXPERIENCE WRONGFUL TREATMENT FROM OUR CIVIL SERVANTS ON THE GTOUND.

    THE INTEGRITY OF CIVIL SERVANTS IS BEING COMPROMISED BY FORCEFUL GRASSROOTERS AND THE GAHMEN MUST STOP THIS ASAP AND PUNISH THESE HAUGHTY AND ABUSIVE GRASSROOTERS.

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  • Heaven on my mind:

    @TruBlu

    When I parked my car on empty patch of roadside,I kena sabo.
    I got warning from LTA.

    But some residents staying near can reserve same public space for personal parking lots.

    I asked around and understand they have grassroot connection.
    This is a true incident.

    Hope govt agencies like LTA makes sure their field officers carry out their duty with INTEGRITY.

    Can our leaders ensure grassroot people do not abuse their power and civil servants should not be the servants of grassrooters.

    Minister KHAW,are you there?

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  • oxygen:

    @ Dr Chan

    VOTERS BIGGEST AND DUMBEST MISTAKE IS PROLONGING political hegemony and longevity on the KNOWINGLY FALSE PROMISE of “your” property value rise forever promise (in exchange for their forever votes) when the promisor being such a depth of legal mind knows it is only a DECAYING LEASE GROSSLY-INFLATED PRICED to dumbfarked Ah Bengs, Ah Sengs, Ah Lians, and Ah Huays.

    THAT IS WHY LEEE-jiapore is NOT spiralling downwards BUT ALREADY IN THE DUMP OF ROTTING DECAY & 4Gs totally clueless pretending wisdom.

    Dr. Chan: That is why we have GE. During GE, Citizens get to decide their direction and fate. I always vote for oppositions during GE. My personal belief is the importance of term limits.
    LKY was good when he was opposition, working with and for people. After he sat too long he thought he became KING instead of remaining SERVANT.
    Therefore, the country will be safer with TERM LIMITS. Nobody will ever think they own the country. They have to continously show that they work for the people as a REAL SERVANT.

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  • Robin Hood:

    Harder Truths:
    YOu did not serve the nation. You gave up two years of a very important period in your life and you will not understand how important until later on, when you see how the government & FT are able to use this against you to keep you as a third-rate labourer.

    Your work in that two year period had nothing to do with the nation. Nothing. You earned nothing nor did get any skills or were paid a salary that allowed you to survive. You were slave labour so that some FT could have your place in society.

    The best you can hope for now is to get (and keep for as long as possible) a low-paying third rate job a monkey could do with similar training. Something that will disappear once they find an FT to replace you or make that position redundant.

    Forget about owning anything. Only FT can really own something after taking out all their money and returning to live in their fully paid-for houses overseas, courtesy of the government.

    Also remember to thank the 70% – the people you are supposed to fight and die for (who are full of FT never having done NS anyway) as they have made sure you have no future.

    Lastly – no point KPKB-ing. No one gives a shit. We are honest here at TRE about your future chances – and that is ZERO.

    Excellent.

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  • The Answer To Your Questions:

    Absolute power corrupts absolutely.
    Why should those in power give heed to what you said?
    Everything is going well for them, free flow of milking money, loyal dumb voters, it’s a paradise for the greedy, corrupted and evil.

    Their existence is based on a big lie and myth, which the dead man slyly concocted, that they are special, infallible, as such demand obscene dollars for their services.
    This huge lie further transformed itself one step further into “natural aristocracy”, where they do away with talking about real merits, that by “birth” and their special network of cronies, that they should Lord over others and demand free riches.

    These evils further adulterated the meaning of “meritocracy” to suit themselves.
    How could a zero relevant experience upstart, parachuted into high position be anything close to meritorious?? How could an appointed fake Malay as president holds any merit for the role. Her performance so far vindicated the suspicion.
    The measure of merit is in every step and not fixed to be just a scholarship holder. There are more appropriate words to use, such as lemmings, stooges, corruption and cronyism instead.

    They will never admit to any mistakes, doing so is to break this lie and essentially their reason for the obscene pay and right to govern.

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  • The Real Intent:

    CNA asks if recession:
    https://youtu.be/j2qSRmbhvR8

    CNA posted a video asking if the sg going into recession.

    It’s boss the garment has the full data to calculate the GDP.
    Why not just ask it’s boss instead of asking the layman who has no full picture?

    CNA and the likes are just ground feelers for the evil to test if the current dose of propaganda is enough or need more.
    If you happened to hit the CNA jackpot, Just tell them what they want to hear.

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  • The Real Intent:

    CNA asks if recession:
    https://youtu.be/j2qSRmbhvR8

    CNA posted a video asking if the sg going into recession.

    It’s boss the garment has the full data to calculate the GDP.
    Why not just ask it’s boss instead of asking the layman who has no full picture?

    If you like the tv limelight, just say the right things and your face will be further used by CNA to convince other dumbos.

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  • LKY prophetic words:

    Many brain diagnosticists opine that a human generally has premonition of impending death n desperately tries to leave his last wisdom. Singaporeans r daft r the last dying wisdom of LKY. LHL doesn’t even know that religious n racial harmonies r the fruits of respect of and treasured by the people of such human values. It is the greed of government n incapability which abuses n take advantage of it to promote their greed. LHL should instead cautions n restrain not to abuse the hormony established thru generations of public conscious efforts n protection. Racial n religious ferment is usually used as divide n rule by suspicions to help them sustaiin their greed n power by conning power can nurture such harmony thru threats n inducing fear among the citizens. What papists have been constantly threatens n cast fears r really despicable n they r not worthy to be given the mandate as they have mo capacity to acknowlege with gratitude the efforts of the people n in fact trying to estroy it so they cam con without them the situation will perish. ingaporeans should honour LKY for reminding them not to be daft by being daft n fell into the unscrupulous nfi 4G.

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  • Python 5:

    Basic search using google.

    South Korea GDP 2017 USD1.531 TRIL

    Taiwan GDP 2018 USD589.39 BIL

    Hong Kong GDP 2017 USD341.4 BIL

    Singapore GDP 2017 USD323.9 BIL

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  • Python 5:

    look at it from a Reservist unit point of view.

    the top brass will not want to communicate or associate with the bottom rank and file. he does not want to face the verbal and vulgar wrath of the ranks and files.

    So the top brass only pass down instructions to the middle mgmt to get the bottom ranks to get things done.

    Aand the middle mgmt gets sandwiched in between when the bottom ranks refused to obey and makes things difficult, and the top brass comes down on him hard.

    that is SAF.

    Bapak:
    The top doesn’t like to hear bad news, so the bottom people give them what they wanted. On the other side, 30% have been telling the 70% idiotic fools how wrong they are but they don’t believe. So the downward spiral continued.

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  • Python 5:

    the whole property market must hit multiple huge meltdowns.

    meltdowns that surpass the US subprime, Dubai, Iceland, greece, Spain housing collapse.

    you make a list out of all those who will get hit.

    1)property agents
    2)singaporeans with mortgage loans and aging HDBs
    3)PAP crony landlords. Ascendas, Capitaland etc..
    4)singaporeans with CPF locked up or depleted buying properties.

    Flabbergasted:
    Agreed.

    A bubble economy of inflated ultra-property prices and rent-seeking blood suckers.

    The biggest rent collector is also biggest employer of useless paper generals who are paid millions.

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  • Rabble-rouser:

    @ Python 5:
    Property market still have significant players with deep pockets to withstand (for the moment) plus the property lending banks are reluctant to accept below market prices in foreclosure auctions sales because they fear triggering a deeply discounted property market as they will have more foreclosed properties to clear going forward. For some, negative equity beckons! But when will the dam break? I’ve got no crystal ball!
    Where my friend lives – around his area, a lot of the surrounding new condos already TOP but still look unoccupied at night & for 1 condo finished over 5 years ago – the mezzanine carpark looks relatively empty late at night. Rental market very very bad!
    Investors in SGX are still flocking to REITs shares hoping for high yield dividend payout. But for Retail REITs, the increasing rent yield cycle looks to be over while maximizing retail space (kiosk rental, events) already reached saturation point. Industrial REITs look dodgy especially with incoming recession plus uncertainty over the trade war. REITs share prices have gone up by 20% & didn’t drop much during the May mini-stockmarket crash.
    Property agents now so desperate for business that one prominent Agency encouraged their agents to convince HDB dwellers to sell (cash in) their flat; encourage both husband & wife to secure options on new launches each; promising future high returns on their private property investments. Some couples fell for their sales pitch (for churning properties). A number of those options lapsed unexercised because they couldn’t get bank financing. The agent would have stand to make a lot if it went through but ultimately sending their clients “to Holland”. IRAS became aware of the number of sudden option failures, investigated, quietly warn that Agency to cease & desist such practice. But I didn’t see any article on the MSM news nor on the formal Internet news source. Got it from a market source.
    If you’re skeptical & cynical about the S’pore property market, you’re an Enemy of the State!

    Python 5:
    the whole property market must hit multiple huge meltdowns.

    meltdowns that surpass the US subprime, Dubai, Iceland, greece, Spain housing collapse.

    you make a list out of all those who will get hit.

    1)property agents
    2)singaporeans with mortgage loans and aging HDBs
    3)PAP crony landlords. Ascendas, Capitaland etc..
    4)singaporeans with CPF locked up or depleted buying properties.

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  • Trafu:

    If PAP is good, they don’t have to rule by fear. They realise their policies are upsetting people but they not willing to change. Same in China now with Xi, anyone who utters a word might disappear.

    The fear if keeping Singaporeans from voting their conscience. So they continue to struggle and wait till it’s over the limit before they cannot take it anymore. Singaporeans have been tuned to accept high level of pains.

    The leefamily is no longer the same, the current dragon is a worm and his Wife controls almost everything. She is like Empress Dowager and remember how Qing dynasty fail? SG is going that direction.

    Singaporeans will decide again few months how SG will be run and I see the sheep will still prefer to be slaughtered

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  • oxygen:

    @ Rabble-rouser

    THE ERA OF ARTIFICIALLY SUPPRESSED LOW INTEREST RATE ENVIRONMENT has entrapped both lenders of capital and dumb borrowers.

    This economist is right -

    Fed could worsen the next recession with a July rate cut, says Mizuho economist.

    https://www.marketwatch.com/story/fed-making-mistake-by-cutting-rates-could-make-next-recession-worse-critic-contends-2019-07-22?mod=mw_theo_homepage

    Rabble-rouser: Property market still have significant players with deep pockets to withstand (for the moment) plus the property lending banks are reluctant to accept below market prices in foreclosure auctions sales because they fear triggering a deeply discounted property market as they will have more foreclosed properties to clear going forward. For some, negative equity beckons! But when will the dam break? I’ve got no crystal ball!

    The next recession in LEE-jiapore WON’T be just a “technical recession” of two consecutive qtrly down-turn. IT WILL BE A LONG JOURNEY.

    ‘Canary in the coal mine’: Singapore woes ring trade alarm bells

    https://sg.news.yahoo.com/canary-coal-mine-singapore-woes-ring-trade-alarm-024003323.html

    I AGREE WITH THE VIEWS IN THIS ARTICLE – A LOT OF PROPERTY-MAD PIGS WILL BE SENT TO THE ABATTOIR!!

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  • Rabble-rouser:

    @ oxygen:
    All the rest of the liquid real estate markets of late (those popular with foreign buyers) ie. Vancouver, Sydney [w/4 condemned apartment bldgs todate], Melbourne, NYC, SF, etc – those markets were becoming unstuck from their peaks & prices since then are coming off badly with little buying enthusiasm. London & HK look particularly bad; the former stuck in the throes of a No-Brexit deal (£ downtrend, uncertainty, etc) while for the latter, the HK riots are causing international worries about violent lashback & clampdown, which in turn, a huge loss of investor confidence for hyper-expensive HK properties. The exit window was probably some 3-4 years ago – before BREXIT (London) in 2015 & Trump’s 2016 US Presidential election victory. Now it’s too late!
    Then there were these eternal optimistic idiots (probably those S’pore property agencies, developers) who think those potential HK property investors would then switch to equally expensive S’pore real estate! How can S’pore real estate market be immune to global turmoil? Already the economic situation signals are flashing red!
    2017/18 EnBloc “blip” turn out not to be a blooming field of a rising property market but a Khmer Rouge “killing field”! Ha-ha-ha-ha!
    In the UK, real estate mutual funds invested in UK property portfolio are facing redemption demands from institutional investors eg. Pension funds. They are seeking exit at a time where there were literally no buyers for UK properties in light of the difficult BREXIT negotiations.
    Link:https://wolfstreet.com/2019/07/19/another-uk-fund-just-slammed-its-doors-shut-on-investors/
    The only thing left is storing sufficient liquidity to last through this long journey. No big ticket spending, opt only for cheap holidays & no extravagant lifestyle nonsense! But I reckon many in S’pore are stuffed up to their eyeballs with debt!

    oxygen: IT WILL BE A LONG JOURNEY.

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  • oxygen:

    @ Rabble-rouser

    A LOT OF PROPERTY-MAD GAMBLERS & FINANCIAL MARKET WATCHERS GOT IT ALL WRONG – thinking central bank liquidity easing will save the global economy.

    How can that be true? Ten years of money printing post GFC failed to lift global economy on self-sustaining trajectory. That is why QT has to be abandoned so fast! Trump fiscal stimulus at the end of failed monetary policies leave only one outcome – budget overspent hit DEBT ceiling.

    Rabble-rouser: The only thing left is storing sufficient liquidity to last through this long journey. No big ticket spending, opt only for cheap holidays & no extravagant lifestyle nonsense! But I reckon many in S’pore are stuffed up to their eyeballs with debt!

    This economist is right.

    James Stack :The bottom line message from past history is that if we are on a recessionary course, either by the level of debt or the level of overconfidence in the economy, the Fed may not be able to prevent it even with multiple rate cuts

    The Fed can’t stop a market meltdown, warns forecaster who called the 2008 housing bust

    https://www.marketwatch.com/story/the-fed-cant-stop-a-market-meltdown-warns-forecaster-who-called-the-2008-housing-bust-2019-07-23

    The tell-tale comes from the credit market tantrum.

    A Leveraged Loan Collapses and Reveals Key Risk in Credit Market.

    https://www.bloomberg.com/news/articles/2019-07-16/a-leveraged-loan-collapses-and-reveals-key-risk-in-credit-market

    I KEEP WARNING ALL – DEBT HAS TO BE REPAID AND THE WORLD IS SWIMMING IN DEBT.

    The moment a borrower defaults of interests – forget the capital repayment – the DISTRESSED ASSET/DEBT will be sold off at 30% discount faster than lightning in the credit market.

    CAN THE FED “PRINT” FAST ENOUGH LIQUIDITY TO SHORE UP THE CREDIT MARKET WHERE BUYERS/LENDERS ALL DISAPPEARED??

    REMEMBER THIS – THE FED “PRINT” MONEY BY BUYING BOND/EQUITIES SOLD BY CORPORATES. The rest will sell equities, real estate, cars, wives and daughters at steep discounts and banks/financial institutions files for insolvency.

    In a meltdown, ALL DEBTS WILL BE VOLUNTARILY OR FORCED TO SELL AT DEEP DISCOUNT.

    BUBBLE VALUES EVAPORATES TO NOTHING.

    THE LONG JOURNEY TO DEBT IMPOVERISHMENT HAS BEGAN, THE Q AT THE ABATTOIR BECKONS FOR SOME.

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  • oxygen:

    @ Rabble-rouser

    Stanley Druckenmiller, arguably the world’s best performing fund manager has some sobering advice to investors on the Trump-Congressional budget deal.

    oxygen: Trump fiscal stimulus at the end of failed monetary policies leave only one outcome – budget overspent hit DEBT ceiling.

    Politicians are complacent, and investors felling asleep at the wheel.

    Stanley Druckenmiller : The obscene budget is just another example of an unintended consequence of global central banks cancelling market signals…..Politicians will continue to engage in myopic policies until markets revolt…..We are in worse shape for a recession now than if things had slowed down,…..Once confidence turns down, you have to deal with the hand you’re dealt, and Chairman Powell has now got a tough situation on his hands

    Stanley Druckenmiller on budget deal: Politicians will act this way until the markets ‘revolt’

    https://www.cnbc.com/2019/07/23/stanley-druckenmiller-on-budget-deal-politicians-will-act-this-way-until-the-markets-revolt.html

    WHEN MARKETS REVOLT, CORPSES WILL LITTER THE STREET, BLOOD STAINING EVERYWHERE – all debtors.

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  • Rabble-rouser:

    @ oxygen:
    Mate! Even Trump’s boasts especially his much vaunted US border wall with Mexico have yet to see any construction activity – none at all, if I were to believe some recent US media reports.
    And the vicious infighting with Trump, in Congress, in the Senate & within the Deep State points to a bitter fight for political survival, for career relevance.
    No US President from history had so many vacant top positions, temporarily filled by acting departmental heads, acting directors & acting heads of staff; all critical positions under Trump’s reign. Nobody feels any confidence to work under Trump’s hire-&-fire regime. No wonder Trump’s policy initiatives were in stasis!
    And Fed Civil Servants & govt employees are deeply worried about the debt ceiling because of the mandatory furlough (Compulsory No-Pay Leave) that follows each time the US Fed govt hits the debt ceiling. Even civil servants & govt employees have debts & obligations to settle.
    And that is why Economics are still very important to any country’s economy. A devastatingly poor economy in a country is called a Failed State; an inequitable economy with income inequality, on the other hand, like the US is conflict ridden & a fractitious State. Overwhelming Power & Authority without Economics is an empty shell!

    oxygen: Trump fiscal stimulus at the end of failed monetary policies leave only one outcome – budget overspent hit DEBT ceiling.

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  • Python 5:

    Rabble,

    what I see from my friend who is from Propnex, doing very well.
    wife buy condo some months back.20-25year loan. $1.2mil

    he change car from one European brand to another Bavarian brand.(2nd hand of course)

    training new agents…. ever increasing number of ppl joining the property agent industry…my guess…a lot kena retrenched..bo pian.

    so every new bird joining, the agent earns a keep of the training course fees?

    but I see from the CEA public register, very very few agents managed to sell HDB resale for 2019.

    https://www.cea.gov.sg/public-register

    they should have a database to show agents transactions for rental and private property also.

    Rabble-rouser: Rental market very very bad!

    Property agents now so desperate for business that one prominent Agency encouraged their agents to convince HDB dwellers to sell (cash in) their flat; encourage both husband & wife to secure options on new launches each;

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  • Rabble-rouser:

    @ Python 5:
    Mate! Multi level marketing structure in Property Agency especially those near the mid-level management (more agent recruitment work than marketing properties). They need to “How-Lian” a lot in order to recruit naive or blur people to join their agency group. They need to show off their “success” or “wealth” in order to draw in such gullible people into their industry. But the truth is they are a very exploitative industry preying on the new recruits in order to feed the top level management.
    They do it for the commission override & also override from agency training course fees, selling training materials, print brochures, name cards, etc.
    The success rate for property agents were very low; many leave the industry because the fact is that there are too many property agents out there chasing for business. A lot of them have to double up as part-time Grab drivers just to survive day-to-day because some months, there are virtually no cash flow (no sales, no commissions) from their real estate activities. The recent murder case where a man killed wife & daughter was an example.
    But the future is very dim for these types of Multi-Level Marketing business model or the Direct Method Selling business model eg. real estate, property leasing, direct selling of insurance, financial products, Tupperware, Amway, Cosway, etc because the Internet innovations; marketing website platform business model will eventual kill these types of business over time. Even taxi, PHV driving & food delivery will eventually be replaced by Autonomous driving technology & by delivery drones. The whole thing is the Disruptive &/or Discontinuous effect from Technology/Knowledge Economy.
    The agency you mentioned was the culprit for the churning example I gave – no mere coincidence!

    Python 5: Rabble,

    what I see from my friend who is from Propnex, doing very well.
    wife buy condo some months back.20-25year loan. $1.2mil

    he change car from one European brand to another Bavarian brand.(2nd hand of course)

    training new agents…. ever increasing number of ppl joining the property agent industry…my guess…a lot kena retrenched..bo pian.

    so every new bird joining, the agent earns a keep of the training course fees?

    but I see from the CEA public register, very very few agents managed to sell HDB resale for 2019.

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  • Arduino:

    Python 5:
    Basic search using google.

    South Korea GDP 2017 USD1.531 TRIL

    Taiwan GDP 2018 USD589.39 BIL

    Hong Kong GDP 2017 USD341.4 BIL

    Singapore GDP 2017 USD323.9 BIL

    It’s not a healthy sign to see so many Singaporeans like you.

    You know why?

    We are talking about GDP audit.
    You are talking about reported to figure.

    Did you audited the GDP figures?
    None of the GDP figures can be audited by you. SKorea GDP cannot be audited by Singapore. Vice versa

    Singapore has no future with people as naive as you.

    Pathetic.

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  • oxygen:

    @ Rabble-rouser
    @ Python 5

    EVERY CORPORATE ROAD SHOW/PRESENTATION IS CAPTIONED WITH A RISKS DISCLAIMER WARNING but the presenters will always stretch the corporate law with a few nasties subtly sliped in sold to attendees by the sly.

    Property seminars – I am not sure is governed by the same regulatory framework in investment promotion – without which the temptation to exaggerate runs wild. The narrative, I can almost imagine is HYPERBOLE elevated onto a stratospheric trajectory to divine heaven promises of riches awaiting.

    When this happens, the experienced old hands intuitively know the time is up and the RESET BUTTON of the crash waiting is in progress to trap the GREEDY GULLIBLE AND OF COURSE TEMPTED WITH IRRESISTIBLE BET OF SURE WIN FORMULA.

    FOMO IS A WONDER VIAGRA – even the near dead worms will wake up and salute!!

    IN LEE-JIAPORE, HOW MANY OF THOSE MILLENNIALS UNDER 40s HAVE TASTED DEFEAT TO LEARN THE REAL FROM THE FICTION?

    Let us watch the end of the movie to see how the drama ends.

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  • Bass Barracuda:

    SG economy bad ?

    I would not feel so bad if sg crash since I have to migrate to withdraw my cpf.
    So a worse SG makes my leaving feel better.
    You all still believe the 70% can change? New citizens have neutralised any rise in opposition votes.

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  • Bass Barracuda:

    I won’t be waiting for property bubble burst to then sell the flat. The tsunami of flat price depreciation is unstoppable. It will come.

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  • Haigen-Diaz:

    @ oxygen

    Bro, your anthropomorphism below really tickles me..
    Just like viewing a show-flat during the new launches. They forget they will see a different picture after they got their keys.

    oxygen:
    Property seminars – I am not sure is governed by the same regulatory framework in investment promotion – without which the temptation to exaggerate runs wild. The narrative, I can almost imagine is HYPERBOLE elevated onto a stratospheric trajectory to divine heaven promises of riches awaiting.

    FOMO IS A WONDER VIAGRA – even the near dead worms will wake up and salute!!

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  • oxygen:

    @ Haigen-Diaz

    HILARIOUS, but true.

    Haigen-Diaz: @ oxygen

    Bro, your anthropomorphism below really tickles me

    Take a look at this HAPPYNEWSASIA read of July 2019. The headline reads

    Singapore private home prices unexpectedly rise to 5-year high in Q2

    https://www.channelnewsasia.com/news/business/private-home-prices-ura-q2-2019-flash-estimates-property-11676188

    BUT IF YOU LOOK AT THE ACCOMPANYING PRIVATE RESIDENTIAL PROPERTY PRICE INDEX (Q1 09 = 100), it tells a complete different picture.

    The reason why private property price index is now 5-yr high is BECAUSE THE LAST 5 YEARS it was a rotting stench of decaying trough since 2011/2012.

    And if you care to look further back of statistical data in that SAME CHART DISPLAYED, YOU WILL NOTICE THAT (THE INDEX PRE-2009 GFC) the previous peak was 1996 which only returned to parity in 2008.

    THAT MEANS THOSE WHO BOUGHT IN THE PEAK WAITED 12 YEARS FOR RECOVERY – no gain – only to collapse again in 2009 to recover in 2012.

    THAT IS TO SAY, SPECULATORS WHO BOUGHT IN THE PEAK OF 1996 WERE TRAPPED FOR 15 YEARS, PAYING HUGE MORTGAGE INTEREST ALONG THE WAY.

    PROPERTY IS JUST A HUGE LEVERAGED STUPID GAMBLING – property agents will never tell buyers this.

    They really prey on Fear of Missing Out (FOMO) gullibility and greed. That is why I had to remind all of sober realities.

    oxygen: FOMO IS A WONDER VIAGRA – even the near dead worms will wake up and salute!!

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  • oxygen:

    @ Haigen-Diaz

    EVEN BLOOMBERG READ TODAY ALSO CHARMS on the same bullish news.

    Singapore Home Prices on the Rise Again One Year After Curbs

    https://www.bloomberg.com/news/articles/2019-07-26/singapore-2q-private-residential-prices-rise-1-5-q-q-ura?srnd=premium-asia

    Even as the economy is sinking into risks of what economists call a “technical recession” – I SUSPECT A LOT WORST AND LONGER in the next downturn to come not too distant away from now.

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  • Rabble-rouser:

    @ Arduino:
    It’s you who is pathetic! Not Python 5!
    GDP figures were collected by govt bodies eg. Bureau of Statistics, Dept of Statistics, etc.
    The aggregated numbers were collected through survey forms sent to companies or inputted data via govt websites for Statistical submission or collected at source at S’pore Depts. When it’s performed by the govt; who else can audit them except themselves. Of course, who can do “own self check ownself” auditing.
    Plus these GDP figures were accepted by Global Institutions, none of them having the temerity to question their authenticity unlike you! You’re damned naive to say the least!

    Arduino: It’s not a healthy sign to see so many Singaporeans like you.

    You know why?

    We are talking about GDP audit.
    You are talking about reported to figure.

    Did you audited the GDP figures?
    None of the GDP figures can be audited by you. SKorea GDP cannot be audited by Singapore. Vice versa

    Singapore has no future with people as naive as you.

    Pathetic.

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  • Haigen-Diaz:

    oxygen:
    And if you care to look further back of statistical data in that SAME CHART DISPLAYED, YOU WILL NOTICE THAT (THE INDEX PRE-2009 GFC) the previous peak was 1996 which only returned to parity in 2008.

    @ oxygen

    Prices of residential property risen significantly between 2003 and mid-2013, before declining at the end of 2013 to 2015. In 2007Q2, growth in the HDB resale index increased by 91.29 percent from 2007Q2 to 2013Q2, before dropping by 9.63 percent from 2013Q2 to 2015Q2 after a lengthy period of stagnation. The Singapore Residential Price Index (SRPI) showed even higher volatility in the real estate markets, where it rose by 73 percent (26.5 percent CAGR) from July 2005 to November 2007, decreasing by 22 percent and hitting a low in March 2009, before rebounding by around 45 percent.

    After the Asian financial crisis, the private housing market was successively liberalized to foreign ownership, while measures aimed at reducing the stock of unsold HDBs accumulated in the early 2000s in the HDB resale markets, inadvertently encouraged the use of the product as an investment and speculative vehicle, resulting in a fast and maintained increase in HDB resale rates from 2007 to 2012, as investors moved to capture the yield spread between HDB resale and private property.

    The big speculative capital inflows in early 2008 (after AFC) owing to a mixture of bullish sentiment, abundant liquidity, and US capital flight due to a cooling housing market that lowered risk premiums and interest rates that encouraged risk-taking. Immigration stimulated housing sales, and non-citizens accounted for a record 25% of total housing sales in 2007, leading to a 53% increase in personal home prices(SRPI) in 2007.

    This findings show that the economy was in the overheating stage over the period 2006–2007 and 2009–2013, and that the housing industry (both public and private) is a powerful factor in the links between GDP development parts and the general growth rate of the CPI.

    This suggests that much of the CPI growth was driven by activities in the real estate sector and rising rental costs rather than export growths. Our GDP growth is like swimming to the high tide until caught naked when it ebbs.

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  • Rabble-rouser:

    @ Haigen-Diaz, oxygen:

    The current collapse of the S’pore export numbers has deep implication for the S’pore domestic economy. The real benefit of S’pore export flow-through actually accrues to foreign companies, foreign capital providers, Int’l logistic operators etc, whom were enticed to S’pore with tax incentives, govt grants, etc. They help boost S’pore’s GDP numbers but don’t benefit the local economy (Trickle down fallacy). Also, they typically employ their own Nationalities at the top level & populate the rest with 3rd world foreign workforce. With the crashing export numbers & S’pore’s relatively high operating cost structures, it doesn’t take a genius to foretell the cratering of foreign entities operating in S’pore. Along with it, the huge layoffs & retrenchments of S’pore’s foreign legions.

    It might be a replay of 2009 Dubai crisis where foreigners quickly flocked to Dubai’s International Airport leaving behind their possessions & abandoning their leased apartments, thus breaking their lease illegally!

    The biggest problem in S’pore would be an emerging surfeit of condo vacancies (broken lease, abandonment) with an oversupply situation of new units coming into the tenancy market at the same time.
    And if you walked around the Class A malls, popular expat haunts like Holland V, Orchard Road/Tanglin, East Coast Road – you would realised much of the high end retail spending, F&B outlet spending were highly dependent on these foreign (AngMos, KweiLo) expat spending. Add things like PHV Grab services, food deliveries services, etc – they were the drivers & backbone of such spending trends in S’pore’s domestic economy.

    And Debt will be a real killer for any households upto their eyeballs with debt in S’pore. Discretionary spending will grind to a halt & sudden death of businesses a real phenomenon coming up!
    Fantasy, Lies & Falsehoods can’t cover nor hide Reality & Truth when they hit you in the face!

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  • Straight "A"s Marlboro Tan:

    TruBlu:
    our society has oredy become fractious and sgs are bashing other sgs who they thin k are ‘weaker’ than themselves while KOWTOW-ing to aliens ,particularly,those well-heeled angmohs indian FTs etc.

    instead of helping the weaker countrymen among us,sgs look down on these weaker countrymen and even bash them.

    I dare say many common sgs have had bad encounters with GRASSROOT MEMBERS,who behave like puss* cats in front of their MPs/ministers but literally PREY on their neighbours whom they they think are weaker or of no value to their personal gratifications,one way or another.

    in the PAST,our LEADERS ENSURED THAT THE GRASSROOT MEMBERS THEY CHOSE WERE SGS OF GOOD INTEGRITY N PUBLIC-SPIRITEDNESS AND NOT pretending to ‘serve’ just for personal gains in truth???

    WHERE DO YOU FIND HONEST N GOOD GRASSROOT MEMBERS THESE DAYS?
    PRAY TELL THIS humble sg-uncle who witness it all?

    WE MUST ENSURE WE HAVE GOOD GRASSROOT PEOPLE WITH HIGH INTEGRITY AND SINCERITY TO PUBLIC SERVICE TO RE-INVENT OUR SCOURGED SOCIETY once again.

    QUANTITY OF GRASSROOT PEOPLE IS OF NO OR NEGATIVE SIGNIFICANCE ID SUCH PEOPLE JOIN JUST TO SERVE THEIR OWN ‘NEEDS’,AM I RIGHT?

    LIKE OUR GOOD OLD GAURDS SAID WHAT MATTERS IN CHOOSING GRASSROOT LEADERS/MEMEBERS IS COMMITTMENT TO SERVE OTHERS ESPECIALLY THE WEAKER FROM AMONG US.

    it is somewhat true the idea of grassroots itself is suspicious. more like kim jong un’s propaganda agents going around . Singapore is such a place.
    Such a system is bound to collapse.

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  • oxygen:

    @ Haigen-Diaz

    MATE, THIS REINFORCES MY LONG STANDING AFFIRMATION that one should only buy property in a crash scenario. Those who bought in the l996 peak just before the Asian Currency Crisis never saw their daylight of price recovery until 2015 to what they paid for at peak.

    Of course, those who bought post crash at 2003 gained significantly.

    HDB resale price climbed post 2007 was due to massive foreign influx and supply squeeze I recalls.

    Haigen-Diaz: Prices of residential property risen significantly between 2003 and mid-2013, before declining at the end of 2013 to 2015. In 2007Q2, growth in the HDB resale index increased by 91.29 percent from 2007Q2 to 2013Q2

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  • AristoCATs r Clueless . . .:

    >”Was it south korea, hong kong, taiwan and Singapore that were labelled the 4 rising tigers of asia?
    can someone do a comparison test to see where Singapore stands amongst the 4?
    -
    Here’s an interesting analysis . . .
    The Bitter Truth: Why Asia’s Tigers Suffer while the Nordics Thrive
    https://tinyurl.com/yye4ju9c
    -
    Remember the Ballot Box !

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