(06-10-2012, 08:40 AM)Behappyalways Wrote: [ -> ]Singapore population in 2011 - 5.18m
Singapore population in 2012 - 5.31m
Growth of 130kk......how many new homes are needed to house them? 25,000? 30,000?
If growth rates of population is 2.5% a year(with a population of 5.31m that meant extra 100kk people each year) then the supply of homes gonna have to increase by 2.5% on average......
as long as the population continues to grow at this rate and if supply could not meet up the demand then price of homes will continue to go up no matter if there is QE3 or not.......
Your growth of population include maids and construction workers...
These people do not need housing?
Maids live with their employer, construction workers lived in workers' dormitory?
(06-10-2012, 11:05 AM)WolfT Wrote: [ -> ] (06-10-2012, 08:40 AM)Behappyalways Wrote: [ -> ]Singapore population in 2011 - 5.18m
Singapore population in 2012 - 5.31m
Growth of 130kk......how many new homes are needed to house them? 25,000? 30,000?
If growth rates of population is 2.5% a year(with a population of 5.31m that meant extra 100kk people each year) then the supply of homes gonna have to increase by 2.5% on average......
as long as the population continues to grow at this rate and if supply could not meet up the demand then price of homes will continue to go up no matter if there is QE3 or not.......
Your growth of population include maids and construction workers...
These people do not need housing?
Behappy bro comment on supply and demand is quite logical...In fact, on paper govt announce to expand the population to 6 millions, but at the back their
real target is 8 millions...trust me this info is from internal source.
Hence, it is
unlikely that by 2015 there will be an oversupply of housings.
My take, if you have spare cash.....
Buy some good location property. Get a new loan on your home. Own stocks. And own gold. Then, sit...once your ppty TOP , let go and convert to cash..hehe.
Good for stock market i think
The liquidity will be diverted to equity instead of property.
(06-10-2012, 11:53 AM)wsreader Wrote: [ -> ]Maids live with their employer, construction workers lived in workers' dormitory?
sorry, i mean these people do not need housing...
so the real demand will not be so great as expected.
I do want to ask one question.
Is there a under-supply of housing in Singapore?
Why don't I see people living on the street?
Property bulls will always think there is not enough housing for everyone. But I don't see many people living on the street.
(06-10-2012, 01:18 PM)freedom Wrote: [ -> ]I do want to ask one question.
Is there a under-supply of housing in Singapore?
Why don't I see people living on the street?
Property bulls will always think there is not enough housing for everyone. But I don't see many people living on the street.
Need to be careful with the deduction that "no one living on street" = "enough housing supply". Once you see more than a handful, we are in serious situation to remedy and not just a housing issue alone.
There are a number of options before it, which may not be ideal. Rental (room), Staying with parents (most), filling up expensive condo by raiding their CPF and Saving, not marrying (or delay), migrate ...
All the above means drain of money or that can be put to better use. Is a very expensive expenditure at social level.
(06-10-2012, 01:28 PM)Behappyalways Wrote: [ -> ]why you didn't see people living on the street is because you go back home each day too early and leave home too late......
^^
Meaning by the time you leave home for work or etc, those homeless people living on the street would have already left their 'territories'......If you are interested to see....go to Toa Payoh Central Library before 6am and you see people sleeping on the benches. Nice place to sleep though...airy plus good lighting(good security) plus a 24 hour Shop-N-Save next ......very convenience ^^
(06-10-2012, 01:18 PM)freedom Wrote: [ -> ]I do want to ask one question.
Is there a under-supply of housing in Singapore?
Why don't I see people living on the street?
Property bulls will always think there is not enough housing for everyone. But I don't see many people living on the street.
those people normally I don't count. anyway, they probably will never be able to afford/buy a flat.
If government is importing more of these people, it does not increase the demand of housing.
(06-10-2012, 01:30 PM)corydorus Wrote: [ -> ] (06-10-2012, 01:18 PM)freedom Wrote: [ -> ]I do want to ask one question.
Is there a under-supply of housing in Singapore?
Why don't I see people living on the street?
Property bulls will always think there is not enough housing for everyone. But I don't see many people living on the street.
Need to be careful with the deduction that "no one living on street" = "enough housing supply". Once you see more than a handful, we are in serious situation to remedy and not just a housing issue alone.
There are a number of options before it, which may not be ideal. Rental (room), Staying with parents (most), filling up expensive condo by raiding their CPF and Saving, not marrying (or delay), migrate ...
All the above means drain of money or that can be put to better use. Is a very expensive expenditure at social level.
demand is a dynamic thing. When things are cheap, demand will appear from nowhere. When things are expensive, all of sudden, the demand vanishes in thin air.
then what's the real demand?
there is genuine "a roof over the head" demand. There is valid investment demand. There is speculation demand. What demand are we talking about?
That's what i am saying. There's a demand which do not equate to the count of people living in the street. So we should not be using that.
(06-10-2012, 01:18 PM)freedom Wrote: [ -> ]I do want to ask one question.
Is there a under-supply of housing in Singapore?
Why don't I see people living on the street?
Property bulls will always think there is not enough housing for everyone. But I don't see many people living on the street.
Drop by the sers hdb blocks opp fu lu shou complex,you will find people sleeping by the stairs and in corners. And staying outside is illegal in Singapore,can always arrest them all to solve the problem if any