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Seems like you're suggesting that new citizens should be singled out and probably discriminated against because they are new?
Anyway, there are about 500,000 PRs around Singapore on average and woody was targeting a 10% conversion rate per year (reality should be lower). So it's probably safe to assume 50,000 conversions per year... which again isn't siginificant enough to make an impact on HDB resale. Personally I think it would be more appropriate to say Singaporeans are getting richer themselves through the couple of decades of boom, leading to a richer older generation (inflating asset prices) and inadvertently making real estate less affordable for the younger generation.
SM Goh Wrote:We now have quite a few PRs, 500,000 in Singapore, so hopefully maybe 50,000 can be selected to become Singapore citizens, the rest can be PRs, contributing to Singapore’s economy
Anyway, there are about 500,000 PRs around Singapore on average and woody was targeting a 10% conversion rate per year (reality should be lower). So it's probably safe to assume 50,000 conversions per year... which again isn't siginificant enough to make an impact on HDB resale. Personally I think it would be more appropriate to say Singaporeans are getting richer themselves through the couple of decades of boom, leading to a richer older generation (inflating asset prices) and inadvertently making real estate less affordable for the younger generation.