Quote:
Originally Posted by EDMWer
Bro you are partially wrong
There will be adjustment in terms of demand driven inflation
If you dont believe me you can read Tan Kin Lian’s facebook posting
“ Singapore has become too expensive in our cost of housing, cost of living and cost of doing business. We find it difficult to attract foreign investors to set up manufacturing in Singapore and provide good paying jobs.
Our local businesses find it difficult to export our products overseas as our business cost is too high.
The economic integration with Johor will help to reduce our housing cost, cost of doing business and cost of living.
The manufacturing operations in Singapore can reduce its costs by moving some operations to Johor.
Some workers from Singapore will live and we work in Johor and enjoy the lower cost of living. Although they may receive lower earnings, they may enjoy a better quality of life.
Overall, there will be more jobs for Singaporeans and Johoreans, as the special economic zone (SEZ) is likely to attract more foreign investments.
The prices of properties in Singapore will drop, as there will be more supply of properties in Johor and travel between the two territories becomes more convenient with shorter travel time and a smoother flow of people. ”
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What exactly do we export? I'm genuinely curious. Singapore's economy is solely based on investments, high immigration and maritime labor as far as I remember.
We have 0 tech innovation which btw is the largest economy driving factor, no cars to export which is the top 5 largest economy factor, no tourism, etc... Literally no clue what do we export at all.
Don't get me wrong, I agree with your stance but if you think that Singaporeans will benefit 5-10 years from now, you're dead wrong.
NS obligations won't change, Singaporeans will get priced out of houses, birth rate dips even further, citizens get replaced by rich immigrants who are willing to pay high
GST, taxes,
COE, etc.
Property prices will never fall, this isn't a bubble. Lots of CCP billionaire freaks are buying up houses in SG. Every year you'll see some rich SEA tycoon buying up GCBs or rich Chinese buying 10-20 condo units.