HDB is culpable for the run-up in housing prices
HDB with its reactive housing supply is the biggest culprit for the current run-up in housing prices. HDB resale prices are breaking record levels because new supply from HDB cannot address the increased demand for ready flats, coming mainly from new PRs. New HDB flat supply in recent years is offered on a BTO basis. HDB put...
Nothing has changed – still growth at the expense of Singaporeans
Singaporeans have been told to expect the number of foreign workers to increase by more than 100,000 this year by PAP Prime Minister Lee Hsien Loong. This is to meet the demands of businesses in a booming economy, he claimed. http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_553345.html The Ministry of Trade...
Appropriateness and integrity in the use of government statistics
By Edmund Khor In the recent Budget speech 2010, the Finance Minister Tharman Shanmugaratnam claimed that the lax foreign workers policy had reduced unemployment and raised wages for Singaporeans. He said the huge influx of foreign workers had enabled the median income per household member to rise significantly for the four...
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