A financial BLOG written by a DIY investor covering Singapore blue chips, dividend stocks, financial education, corporate news, money saving tips, book reviews and my journey to financial freedom. Currently managing a personal portfolio of more than SGD $1,000,000, I aspire to have an average cash flow of minimum $10,000 per month either through realised capital gains or dividends.
Sunday, February 10, 2013
6.9M population? I don't believe...
I do not follow a
lot on the ranting of increasing our population to 6.9M. The existing infrastructure
have their own constrains to be able to cope with another 1.5M of population.
Look at our expressways. If we were to widen the roads, it will cut into
temples, homes, pavements. Our main MRT stations are already near to maximum
capacity. How much more can they transport? Our cars are already very
expensive. Must cars be so expensive that it is only a privilege for the wealthy?
argument for population growth is to improve the quality of life for
Singaporeans. But what I have experience for the past 5 years of
rapidly increasing population is a perpetual downward trend to poorer quality
So many people, almost no space to put them in my BLOG!
In a nutshell, we
have experienced a 1M growth in population in less than a decade, but I do not
see my quality of life improving. Instead, I have to work longer hours as the
work market becomes more competitive. I have to handle difficult foreign
talents as they demand higher work quality from Singaporeans. Everyday unhappy
Singaporeans lament on the increase in population that led to the increase in
I bought my car at
$46,000 when I was earning $46,000 per annum. Today, I earn $100,000 a year,
but a similar car cost $140,000. Is my life better?
Back in the same
year, an EC at La Casa costs 450k. Today a 5 Room BTO easily cost $450k as
well. Is this an improvement in quality of life?
If population growth
clearly had not improved my life, why would I believe it will improve in