Wednesday, September 14, 2011

Singapore's population to hit 5.2 million in 2015: Anything lower, property will blow up

Over the last few months, property market has turned increasingly bearish. Fortunately an analyst was found to be rather optimistic. Straits Times reported the opinion of Dr Chua Yang Liang, head of research at Jones Lang LaSalle (JLL) South-east Asia, regarding property market.

The flow of new homes will have some effect on prices and might slow the gain in the Urban Redevelopment Authority's (URA) property price index to about an average of 1.8 per cent to 7.5 per cent a year from now until 2015, depending on immigration inflow.
......
This assumes a tighter immigration policy with the population growing to just 5.2 million by 2015.

FT to infinity is way to go
Our real estate value is forecasted to increase by 1.8% per annum, which is almost certain to be below inflation, provided we have 5.2 million population in 2015. (What if there is a recession in between?). 

There is no way Singaporean can escape this epic disaster created by PAP. Importing FT propping up assets will injure our job security, depress wages, and even create unemployment. Closing door to immigration will see our asset value vaporize.

What happen when we hit 5.2 million population in 2015? We will still need more FT for the ponzi to go on and on. PAP seems to be having the idea of importing FT to infinity.
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