Cannot lah. Later all go overseas n buy how? They huat. Not we huat. If no rental hdb flat. All those foreigners to PR and migrant workers stay where? Stay condos? Then condo huat. Then hdb owners say not fair. Why can't they rent out their hdb flat? Complain Govt dbl standard? The list goes on....
@@alanweeproperty lol what's not fair? They can also buy private. Hdb should have a market to rent out hdb directly to these group of ppl. Rental market can thus also be more controlled as such
(1) Have to depend on continued immigration and foreign buyers to prop housing prices. (2) More single people and smaller families mean less need for bigger homes.
Very good video. The other question unanswered. Most of our HDB flats are actually owned by our seniors and older age groups - because afterall, HDB started from that generation in 1965/1967. The question really is - will our population be able to replace as fast as the ones who die - be it from overseas import of new citizens or depending on our annual birth rates. 2) What will our government likely do with excess empty old flats? will it be subject to enbloc? urban replanning? 3) How are you going to accommodate demands for more residential spaces (if you import more new citizens - and this outnumbers the numbers dying annually), and demands for more aging population resources (day care facilities, healthcare facilities, nursing homes, rehab centres etc). Every parcel of land in sg is precious. If you use more land to build residences, you end up with less for economic use - which has a impact to our economy. 4) is there a possibility that because of all these demands, there will be decrease in new BTO projects?
Public housing in prime location will always be in demand. Foresee more preschools, kindergartens will be converted to senior daycare, nursing, rehabilitation centres in the future.
I still believe in nominal terms property prices will still be going up like everything else. But purchasing power is on the decline. We can see so from the increasing prices. If everything is going up in prices. So will property. If our hawker is going to 10 and even 20 dollars in the future surely it justifies the prices of property to go up as well.
If food prices keep going up and rising rental, high inflation, manpower shortage, investors will move to Malaysia, Johore and other Asean emerging economies. Singaporeans will face hardship, more jobless people around. Locals who are talented would migrate to other countries.
@@choonhockong8215 Thats why they all talk about minimum wage and all i think its nonsense only competition and being competitive will protect the workers. If we just sit on our hands and wait for people catch up and take our jobs away and we just complain. Then we probably just deserve it.
Just open the immigration gates, plenty of Indians, Chinese, Ang Mohs, Malaysians etc., will come to settle in Singapore. No such problems from aging population, reverse problem i.e. shortage of housing will happen.
Alan Ah.. No need to worry about Aging population. The impact will be minimal..We can always import young talented foreigners and rich foreigners to come to Singapore to Invest and Work. Our property prices will always stay solidly firm and will not crash like what we had seen over there in China where over building and over supply burst once the economy go downhill. HUAT ah...
To be fair to policy makers. I doubt they bother if immigration helps pop up property prices. Immigration is mainly for economic n business needs. More on labour front
Based on cost price value VS control power volume ..every economic works in this metric.Singapore govt has tonnes of investor behind be it mnc to individual..有钱能使鬼推磨，富人排队讲来做，穷人靠着老米坐。
Good video! 👍Thanks for sharing.
Thank you! Cheers!
Thanks Alan! Very interesting and unique video
Glad you enjoyed it
It is true. Those seniors who can spend off in time would be the most wise. Be bold.
Government shouldn't allow private properties owners to still own hdb and rent out.
Cannot lah. Later all go overseas n buy how? They huat. Not we huat. If no rental hdb flat. All those foreigners to PR and migrant workers stay where? Stay condos? Then condo huat. Then hdb owners say not fair. Why can't they rent out their hdb flat? Complain Govt dbl standard? The list goes on....
@@alanweeproperty lol what's not fair? They can also buy private. Hdb should have a market to rent out hdb directly to these group of ppl. Rental market can thus also be more controlled as such
(1) Have to depend on continued immigration and foreign buyers to prop housing prices. (2) More single people and smaller families mean less need for bigger homes.
True. Singles have options to buy BTO flats too.
Very good content 👍🏻👍🏻👍🏻
Thank you 👍
My circle of friends who are aging, there are already at least 2 families that have downgraded from landed and condo to HDB.
All huat. Can travel round the 🌎
Very good video.
The other question unanswered. Most of our HDB flats are actually owned by our seniors and older age groups - because afterall, HDB started from that generation in 1965/1967.
The question really is - will our population be able to replace as fast as the ones who die - be it from overseas import of new citizens or depending on our annual birth rates.
2) What will our government likely do with excess empty old flats? will it be subject to enbloc? urban replanning?
3) How are you going to accommodate demands for more residential spaces (if you import more new citizens - and this outnumbers the numbers dying annually), and demands for more aging population resources (day care facilities, healthcare facilities, nursing homes, rehab centres etc).
Every parcel of land in sg is precious. If you use more land to build residences, you end up with less for economic use - which has a impact to our economy.
4) is there a possibility that because of all these demands, there will be decrease in new BTO projects?
1. Vers follow by Sers.
2. Increase plot ratio. It's doable. Esp for state land.
3. Bto = election goodies = $$$. No bto. Govt lose power.
Bto supply = depend on market forces.
Public housing in prime location will always be in demand. Foresee more preschools, kindergartens will be converted to senior daycare, nursing, rehabilitation centres in the future.
True...
Tough life ahead.
I still believe in nominal terms property prices will still be going up like everything else. But purchasing power is on the decline. We can see so from the increasing prices. If everything is going up in prices. So will property. If our hawker is going to 10 and even 20 dollars in the future surely it justifies the prices of property to go up as well.
Agreed. Prices will still incline upwards. But this demographic shift is something we have to be aware...
If food prices keep going up and rising rental, high inflation, manpower shortage, investors will move to Malaysia, Johore and other Asean emerging economies.
Singaporeans will face hardship, more jobless people around. Locals who are talented would migrate to other countries.
@@choonhockong8215 Agreed...u are a wise 🦉 man.
@@choonhockong8215 Thats why they all talk about minimum wage and all i think its nonsense only competition and being competitive will protect the workers. If we just sit on our hands and wait for people catch up and take our jobs away and we just complain. Then we probably just deserve it.
Just open the immigration gates, plenty of Indians, Chinese, Ang Mohs, Malaysians etc., will come to settle in Singapore. No such problems from aging population, reverse problem i.e. shortage of housing will happen.
We did not invest in property. HDB with good amenities is the ideal place for most of us to live. No worry.😉
Alan Ah.. No need to worry about Aging population. The impact will be minimal..We can always import young talented foreigners and rich foreigners to come to Singapore to Invest and Work. Our property prices will always stay solidly firm and will not crash like what we had seen over there in China where over building and over supply burst once the economy go downhill. HUAT ah...
Hahahah... foreigners can only have a limit. U increase too much. U lose your 🪑...it's a juggling act.
thanks. Can u be my mentor once I get the res cert ?
welcome onboard in advance!
The government is managing this by bringing in more high salaried immigrants.
To be fair to policy makers. I doubt they bother if immigration helps pop up property prices. Immigration is mainly for economic n business needs. More on labour front
Which HDB properties has the least demand? Can share?
Depend on area n types.
the real rich don't even need to go travel fair
While young ppl self book
PAP Government says Singaporeans can live till 95 years old ! 😅 Big Joke !
i dont know where u get the data. more resesources are here. www.singstat.gov.sg/publications/reference/singapore-in-figures/population-and-households
Haha 95 must be the desire of those seniors lah.
why worry so much about aging ? Impact to property price ? Come on property is for roof over the top
It's will have an impact in the long term.
Our govt is no worry of rich buyer especially ft tonnes are waiting ..the problem is singaporean will always be on losing end simply trust me..😂🤣😅🤔🤫🫣
Based on cost price value VS control power volume ..every economic works in this metric.Singapore govt has tonnes of investor behind be it mnc to individual..有钱能使鬼推磨，富人排队讲来做，穷人靠着老米坐。