Is rising cost of living making Singapore unlivable for the young? | Youths ask DPM Lawrence Wong
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- Опубликовано: 26 сен 2024
- Blame it on inflation? Or are we spending more than we should? Youths in Singapore discuss the rising cost of living, housing affordability and access to BTO flats with Deputy Prime Minister Lawrence Wong.
DPM Wong engaged in candid conversations with youth on mental health, sustainability, jobs, inclusivity and hopes of the future. Watch more from the CNA Youth Forum here: www.youtube.co...
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One thing I really like about DPM Lawrence Wong. He's very good at paying lip service.
Very good lip service. Agreed😅
DPM said his mother's salary was 500sgd and the HDB price then was 30k. What he didn't say was that while salaries have gone up by 10x, the prices have gone up by more than 20x
@cj that's what you get when non specific questions are asked. The audience gave him a free pass to answer anyhow.
isn't there 300k sgd HDB as well?
@cj It's obviously scripted.. what to do. obviously must interview students cos must show that the men in white care for the next generation..
Your salary determine your maximum housing loan. This ability to finance is what's pushing up housing prices. Housing prices goes up by 20x instead of the 10x is easy to explain too. When we talk about salaries or income, we are looking at household income and not your individual income. When your income goes up by 10x so does your spouse, that's where the additional 10x came from.
As someone who have follow the argument long enough, I see beyond the smoke screen and core of the problem have nothing to do with housing price. When most talk about housing, they pretend they are talking about a house or the basic need of a roof over their head, in reality they are talking about their dream house. Of course their dream house isn't the house they can afford today at some ulu ulu place, it's those big house at some atas location that they can brag about to their peers.
@@hianhoolim7786 I disagree. the price of a flat relative to the prevailing wages is still rising. Assuming Lawrence’s dad also worked for 500sgd a month back in the good old days, their combined income would have been 1k and it would take them 30 months to pay for a flat. This is in contrast to the current situation, assuming a combined income of 10k (5k plus 5k), where the flat needs 60 months for it to be fully paid up.
The ratio does not change even if you factor in your spouse’s income.
That is why more people are not having kids, there's no point bringing a child to this world to suffer where the only purpose in life is to do well in school and get a high paying job that they might not even be interested. Unless the parents are rich enough to give them a better option when they grow up.
Yea
Well then be prepared for all old people and no young ones to take care of the old loh since you all think like that.
Yes, we are not alone in this journey. Let's all die together!! Yay!!!!!!
So weird....
I follow you, man
Being a Singaporean living in Sweden for past 24 years. I felt that I wasn't given the chance to be independent or "grow up".
I decided to moved to Sweden because I want to understand how it's like to grow up as adult and develop to be a responsible independent individual. I tried to take responsibility from my single mom but I still feel I didn't do enough. Life is too comfortable in Singapore 🇸🇬❤️ I felt my life was not complete. To grow up, I need to be pushed in deep water and learn the skill to develop as adult. I think youngster must be given a chance and develop skill to survive in harsh situations in order to appreciate life not keeping complaining price too high, too hard etc. I am so lucky that Sweden offers me a soft start on this challenge. I learned how to support myself, start a business, new languages, of course I also learn many mistakes the hard way, but I need all that in order to grow. I am so glad given the opportunity to build a life abroad without family's help.
My daughter who moved out at 18, she learned that she has to work to pay rent, upkeep a roof, to manage finances herself, etc.. I am so proud of her and glad that she is raised here and given the chance to learn how to survive on her own. She is currently studying at University hoping to serve and help others in future.
@cj Well said. Young couples nowadays would only have an option to have 1 or 2 kids at most due to the size of HDB also getting smaller as prices are skyrocketing. On the world view it may look like we are headed to a bright future but if you go down to a commoners view, you can hardly see yourself retiring in the future or getting back most of your CPF. Normal people like myself, we are screwed.
L boy is stoned! ... and still hasn't gotten over it and floating in lalaland... All the best and enjoy your life in Sweden... 🍻
So true. Parents like to dictate how their children should live their lives it’s actually the worst way to bring up a kid because he doesn’t learn the skills of becoming self sufficient
Come back SG la, since you said that life in SG is more comfortable. Then only you will wake up your idea that Sweden gahmen didn't betray their citizens so much as how SG gahmen did to their citizens. Then only you will know which country is more comfortable.
Well done. All the best.
CNA.. I've Been here, and I will be here again. With all due respect, good morning Sir DP Minister Sir Lawrence Wong.. #ForwardSG. 🇸🇬🇸🇬🕊🕊🦋🌻✌⚡⚡👌🤗🤗🤗
Eh bought 30,000 house at MARINE PARADE with 500 salary (60 months to pay off) . Now BTO at punggol cost 600K+, salary got increase to 30,000 or not? We need 25 years dual income bro.
Quote of the interview:
"Government needs revenues"
Now 4G is mainly about GDP and revenues. Anything that doesn't bring on revenues don't bother it.
They make HDB so expensive that all young ones are in-debt to them for the next 60 years from your first income and you will contribute to CPF & take loan from your own saving and paid interest for your own money. You cannot get out of this control cycle and they use your contribution to gamble in the unknown and unstabb economic.
Buying power gone down from previous decades.. do the exact calculations.. my parent bought a 4room for 40k.. their pay was $1k, now is 4-500k around 10x b4 but pay is much less than 10k/month..
30 years ago average individual income 2-3k, 4-5 room flat around $100-$130k. 30 years later, average individual income 4k-5k, 4-5 room flat around $500-600k.
Income x2, but housing x5/x6. Let me know.
If everyone wants high pay, (includes minister) then the money must come from higher taxes etc. So is higher pay good or bad
The minister just brush off everyone with known facts from World statistics & not giving constructive plan to rectify the sudden increas of- the cost of living.
Citizen cannot even find $2.50 meal these days.
Cook at home plenty of meals including drinks LESS than $2.
Stupid boomers who had it good during SG boom time 1980s-2000s should stop complaining. They are the real strawberries
3 room flat BTO has been priced at a cheap
If a $ 30,000 property could be bought with a $ 500 salary, this is a factor of 60. Thus if what the lady said of a house costing $ 700,000 today is correct, then using this factor of 60, our current salary should be $ 11,666....
If you are looking at a house that is costing 700k, well you jolly well earn at least 11.6k . . .
Seriously, it is getting super expensive everything in Singapore. The organising of the dialogue itself proves it. It is more and more even made for rich and powerful people or powerful officials or upper middle working class and above. Gics and related companies and mncs are dominating the local economy. Our general population financial literacy sucks as we don’t have formal education on this. Cpf never going to be good in fact worse and worser year after year. One percent gst to 8 percent is compounded to drive up property prices and living costs and taxes. Rebates and subsidies and vouchers by gov are just proving that they won’t help to resolve the root of majority unemploynent for middle and pmets and many are going to be property agents which is also a tough field, insurance agents and free lance and grab food and grab drivers…. This majority of middle age generation before Merdeka and pioneer are lost.
Lolz even his example of his mother time doesn't really help his case... he says his mother time her salary is less than $500 and bought their marine parade HDB at 30k OK... assume that is true then $30k/$400 per month = 6Years 3months. Now average HDB price is $532,768(first result on google) median income for 25-29yr Olds is around $4000 per month(first result on google) $532,768/$4000= 11Years. matter of fact is housing prices have outgrown wages.
You forgot hardly any young singaporean buys large HDB flat right out of school/uni/poly. They work and save and freeload off parents for at least five years. Plus they get pay rises and bonus. btw you busy hating Lawrence Wong that you missed the message that his parents are not rich elites. All singaporeans can choose to work and excel in civil service, armed forces, private sector or their own business. Finger pointing, kpkb and blaming govt does nothing for your future earning power.
@@scbchong6964 Your argument doesn't even disprove my point. I also didn't finger point or blame govt. I am simply stating the fact that housing prices have outpaced wages. Even if we consider other age groups... Age 30-34 $532,768/$5265 = 8 years 6months. 35-39, $6.102 = 7 years 4 months. 40-44, $6,825 = 6 years 6months. 45 till 60 and over is less than 40-44 so the fact still stands. but this is a youths event that's why i used 25-29 and despite your "most people dont buy large hdb flat right out of school." yes there are people who do just that. The 25-29 bracket also includes people who have worked for a while, those without degree would have already worked for 4-8 years.
@@gweejiahan9336 Kid, you also forgot your CPF is growing, and CPF monthly contributions are used to pay housing loan. You assuming pay and bonus does not rise at all. You overlooked that deposit can use CPF and savings to pay. You missed that higher-priced mature estate HDB BTO are bought by dual income families (with cash gifts from their parents maybe?)
Also, you forgot one should not overspend on property. Lower-wage workers will choose more affordable 3- or 4-room BTO in non mature estates. You should also think about how many singaporeans have spending appetites outsized to their talent and earning power. (Because Nature/God distributes talents unfairly)
btw it sounds like you still in school and do not pay any income tax, property tax or road tax yet. Have you bought any property?
Wow, so comforting.
$30,000 flat while earning $500 is 60 months of work.
$700,000 flat while earning $4000 is 175 months of work.
Even bto costing $500,000 earning $4000 is still 125 months of work.
4k pay can use how much of your pay for OA? And also loan interest
4k pay is impossible to get 500k loan ..
Your calculations all wrong
@@jimweide750 that only proves my point even further no? Meaning it gets even harder to afford the flat?
And it's worst for those earning below 2.9K. Nowadays even uni grads get underpaid because they don't have work experience and have to settle for low pay entry jobs.
Work hard lor
@@lFeaskiel buy a flat within your means. There are more affordable options - non-mature, lower floor, smaller unit
A Singaporean now living in a Western country for the short-term. I like it here where I'm living - very liberal, you get to voice your opinions. I have observed peaceful protests on the streets where people "fight" for their causes and for the change they want to see. I observed that Westerners as compared to Singaporeans are more respectful and they are mindful of their behaviours and manners toward others, treating others courteously. People say sorry even for blocking your way by accident and for interrupting you when speaking. In Singapore, people are more often than not rude and impatient toward others. I think we are often too busy living our lives in a fast-paced society that we forget to relate to other human beings respectfully and patiently. Where I'm living, the arts is a big thing and much more progressive, there's plenty of opportunities to pursue non-STEM careers. Big big emphasis on work-life balance here as well, instead of the slogging culture in Singapore. Ironically, people here gets work done efficiently and they reply emails very quickly. I don't know why Singaporeans are working long hours and are still not efficient, especially in replying emails. What are Singaporeans so busy with and why need to work long hours? I feel there's more room to reach your potential and be yourself here, in Singapore I think the culture makes one feels more restricted? Maybe it's how we've been governed. Singapore is a great country, but there's still a lot we can learn from other countries and how they function. One more thing, you don't feel the "rich-poor" divide here. Even professors take train and ride bicycles - no need for fancy cars. People here are down-to-earth (well from those that I've met) and I like it.
Please don't ever return back to Sg...
Your situation is very much like how an aquatic living being living life in the ocean with no borders or restrictions after escaping from a deep and isolated well with only the hole at the very top for reference on how huge the sky is.
@@yong9613 Well, say whatever you want, you have the freedom of speech. But my decision to come back or not is my choice, not for you to dictate to me. Though, i am asking you to reflect on your writing because it shows your character - do you talk like this when you're not behind the keyboard? Typical keyboard warrior attitude huh. I was just sharing my experience which offended you hahaha. Anyway, good day.
@@wassup139 These days, it's better to be a keyboard warrior than a 'yesterday's news is today's trash' martyr. Meak nutjobs like yours truly always inherit the earth.
.... what to do ??? all Trapped by the Elite Government to Struggle to pay their system...... there is no Mental Energy and Space to be Human....
Genuinely curious if you could share - where are you located? Looking to move hopefully when I can in the future...
Housing affordability will remain the most significant cost item for all Singaporeans. It is also apparent that while we progress as a country, the income gap between the rich and the poor is widened, and we need to handle this social issue carefully and very quickly. Singaporeans are blessed with a subsidised HDB housing scheme, but the HDB resale prices are rising, in line with the increase in demand for private housing. With the influx of super-rich foreigners who become PR and citizens and the super high-income group pushing up prices, the average Singaporeans will have more financial stress. The government should conduct thorough research into this.
I fkn hate the Idea of a BTO too. So bloody typical and one way road. But what to do. SIAAAANN af to be a Singaporean adult
There’s something called migrating
@@wz758 that’s why I’m not in sg anymore ✌🏻
You mean your talents, work skills and attitude can only afford you a HDB BTO? Can you solve problems better than others? So the issue is some singaporeans have spending appetites outsized to their earning power?
@@raclj9940 Envy you lah! not so easy for us =(
Is in fact scary--- the exorbitant HDB price!
COE Record Levels. Who Controls THE quota ?
HDB Record Highs. Who is THE Biggest Landlord ?
Petrol Record High. Who Increased petrol tax IMMEDIATELY after GE 2015 n 2020 ?
Who Increased GST ?
When U Found the Answer; then You Will Know WHO has CAUSED The INFLATION n HARDSHIP
I am more concern..about..my retirement....will I hv enough...despite...hving no debts...and a cpf having fully met..government required...both on retirement and midisave account ???
Inflation is high now, plan to work and save a few more years if possible.
Last time parents give downpayment for condo or ec. Now young couple 4 Room flat ask the parents for downpayment, that's our society now.
The sandwich generations have shifted from tricennial to sexagenarian.
Like I said, if the parents of these youth had nothing to pass on , they would never be able to get out of their rut!
If a young couple cannot afford it, they probably are not saving enough or have start their marriage life too early. Financial planning and family planning are not even well taught in places of higher education.
@@arsenal_84 helo mister...your calculator O.k or not. The fact that most locals ,their salary had stagnanated vs the rising cost of living. Unless you are those who struck it out and became a Boss or were fortunate enough to work in a place that pays...very well...like your ministers!
I deal with both locals and FTs...professional FTs and I can tell you the FTs PAY 100% out rank and far exceed you locals many times, for job that local could do but were NOT EMPLOYED TO DO.
So back to your views...for locals what can they save if they are already far disadvantaged IN THEIR OWN COUNTRY...😆😆😆😆
@@arsenal_84 I also think it is downright irresponsible, but it says a lot. When just to buy a flat people have to work and scrimp and save this hard. This is not a condo or what, just a flat. And you think abt it, BTO 400k, 15%, 60,000, No wonder some people don't have. And right if the policy is like this, no one is getting married at 25, everyone is going to wait till they are 30 when the CPF enough. This is the fact.
When we got married, my dad told us to pls move to our own place for family harmony as my mum has strong opinions, and we might argue. My mother in law told us to pls move to our own place for family harmony as my father-in-law had OCD. Sometimes, it isn’t us who wanted move out. Lol.
Also, I have to agree that living by ourselves made for better r/s btw us and our parents. We spend lots of time together still but having our own living space and personal space make a difference.
Yea u can't live with them until u start u feel u are being neglected .
It's true for most people. I prefer not to live in same house with my daughters family. They need their privacy and space and so do I. It makes for more harmony. We look after each other but without getting in each other's way all the time. For now it's a good arrangement. Future is not known.
“Don’t try to be someone you are not.” at 10:51. Probably sums up the whole 20 mins.
A black dirty crow should never have any delusional aspirations of being a peacock, let alone a phoenix.
Those youth trying to show-off and live beyond their means likely have bad role models ie. parents, relatives and friends.
I believe ALL the questions from the floor were vetted well in advance before they could be asked. Talk about wayang...
if you dont have a solution to the housing problem, at least dont make the problem worst lah please?
dont assume u can import until like you gonna win GE 2025 with your new citizens
If the demand of HDB is so damn high, with long queues, then why is it still BTO and not like the past when they just build and sell?
How many of your family and friends are in construction n building industry? How many are top performing civil engineers, infrastructure planners and architects? Very easy to complain, point finger and blame govt, hor?
👍👍👍👍👍
High price is all man-made (government made). People are not reproducing themselves, unless we have lost control and brought too many people than we can build, the price of housing should go down, and not up. Our birth rate is one of the lowest in the world now.
Tbh. I have same thought as your high inflation and cost of living is man made problem. All this is in control in man. Price is set by man.
Convert some one lah...convert more new citizens until the true blue citizens...STAND RIGHT BEHIND THAT LONG BTO QUEUE! Who did these true blue citizens...voted for?😆😆😆😆
Only 35,000 singaporean babies born every year, while 20,000+ older citizens die. Nett nett is not many rational, productive working adults because Nature/God distributes talents unfairly. So with Natural Selection, only about 30% of each cohort will grow up into productive working adults. The dirty secret is there are many duds and mediocre workers among singaporeans.
@@kengleetan63 You like to kpkb and blame govt but do you pay any income tax, property tax, road tax etc? Working yet or still in school and living rent-free with parents?
For mature estate
Tear down old flat which
Is 10 floor and below
Rebuilt high rise flat
Up to 20 floor or more
It's not easy for the young. The cost of housing is really too expensive. Buying a house is no longer a SMART goal but a pipe dream. My parents' generation could buy a house for 50 to 100 k on a 3k monthly salary.
Actually daily living cost in SG is rather low. It is lifestyle costs which are high. Do you pay any rent to your parents? Do you pay any income tax, property tax, road tax, utilities, groceries?
@@scbchong6964 who make the cost of living so high one?
@@Meownekox3 Kid, it is USA politicians and USA capitalist companies who are raising interest rates and prices. Petrol is traded in USD. And price inflation is always caused by too much cash and too little common sense.
Singaporeans are paid very high salaries, hor. Singaporeans have high savings and fat CPF, hor. Singaporeans are bidding high for COE and some resale HDB, hor. SG govt does not own any factories or set prices for imported goods, right?
btw daily living costs in SG are rather low. It is individual lifestyle costs which are high.
Why ask a pap minister such qns, when he earns easily multi million salary
PM Wong,
You come from a wealthy family. Life was good for you.
My home has no electrical appliances and we all sleep on concrete floors. That was during 60s
How else to write off gic and temasek investments in ftx and genesis?
Absolutely right. Singapore now has massive reserves (estimated at over a trillion $), perennial Budget surpluses and billions more self-funding stat boards like SLA, LTA, JTC, etc. so the way the Governmemt does things also need to change. The younger generation are better-educated, more knowledgeable, more vocal and more idealistic. They want openness and transparency in government. PAP needs to change or therevwill be regime change.
You are just like asking the likes of Kim Jong Un and Putin to become a democrat.
You over estimate our reserves la
Have massive reserve = invest in foreign lands (beneficial to who? Maybe the government themselves?) while SG running outta land (limited resources) then what?
Sea level rise, if all the climate fighting projects (man against nature, nature always win) fail, then what???
Migrants can always leave. Crazy rich Asians can also leave… what about common local Singaporeans???
Never be blinded by glitz & glory people.
Covid and the help the govt gave has depleted the reserves alrdy lah LOL
@@wannaberedneckprepper7030 they can"t wait for more Singaporeans to die off -. CPF is 'confiscated' or rolled over to another cannot withdraw account and also it means the quota for their beloved foreigners can increase.
You all believe this comedian ?
You then comedians lah
@@limlisa smd
PAP just don't ANYHOW import Foreigners will be enough food and housing and hospital for Singaporean.
I feel so gaslighted.
If you were actually gaslighted you wouldn't be aware of it
You feelings are not facts. Fact remains singaporeans like to show-off and it is lifestyle costs which are very high. Daily living costs are rather low actually.
COE Record Levels. Who Controls THE quota ?
HDB Record Highs. Who is THE Biggest Landlord ?
Petrol Record High. Who Increased petrol tax IMMEDIATELY after GE 2015 n 2020 ?
Who Increased GST ?
When U Found the Answer; then You Will Know WHO has CAUSED The INFLATION n HARDSHIP
@@vincecarlo The inflation is caused by too much cash in singaporeans' wallets and too little common sense in singaporeans' mindsets and attitudes.
btw Did Opposition promise to give cheap COE to all? Did Opposition promise cheapest HDB anytime you want to buy but highest price when you want to sell? Petrol futures is traded in USD, hor. And GST is paid by rich and all foreign workers, hor.
@@scbchong6964
RIDICULOUS PRICED HDB that goes to ZERO VALUE
I think right now I am 30 yr old. Doing my studies in ite part time and working part time .
Right now as I continue my studies I still need to pay Adobe illustrator? Because my part time course needs it when I check with ite part time student in ite did not have any entitlement for student price . Since gst is increase so as a part time student why I cannot have entitlement ?
Also I myself used to have mental health issue back in my days . And I receive Zero help when I am in school when I had my mental health I am already doing my n-levels and my grades were affected. I drop out school since 16 only recent I started to study again . What can the government help us as a young adult ? Because all these lead to gst increase.
This is my situation right now . 😢😢 and I do hope mental health issue have to be a focus topic . Since is expensive to visit just a doctor
So right now for me getting married and having stable job even having a house one word impossible so expensive
If dpm mentioned is affordable to everyone, hdb wont lower down its loan from 85% to 80%. Which requires higher down payment
I don't deny, Singapore has made significant progress but the stress level is too much and I believe there is no more job security. Going forward, many may lose their jobs when they are order.
HDB BTO flats are not cheap..
The new estates (Punggol, Tengah) of today will be the Toa Payoh and Ang Mo Kio of tomorrow. Even in the rush to build more flats in new estates, DPM Wong is right to acknowledge that we mustn't repeat the mistakes of yesteryear to allocate insufficient land for estate renewal. Living near parents is important if we want to promote elderly to age in place instead of in eldercare homes.
But what if those elderly are the ones kpkb, complain, point finger, blame govt and foreigners all the time? Aren't they being bad and negative role models to youth?
Meanwhile in Malaysia.. many land but Malaysian cant affort it.. sad
Can someone check for me if the Estimate below is correct?
Assuming the HDB unit is $400K and let's base on 30 years loan = $400K + $294K [loan interests] = 694K, nearly 3/4 of a million dollars.
Also I heard that Someone said HDB will revert to Zero Value at the end of leash.
Thank you for Checking.
technically its zero value because the gov takes back that piece of land, so you can't do anything with that anymore.
👍👍👍👍👍
@@tonykwok9763 That means $694K is AHBASEd [malay word ahbase I think it meant GONE, elang.]
So the answer is "yes" and "we won't fix the problem".
Got it.
Rich ministers telling us to just live with it
@@hampter7188 🤣🤣🤣😂😂😂
You got a better solution?
Govt not stopping you from becoming successful, right? You can choose to work in civil service, armed forces, private sector or open your own business. Whether you excel is up to your own talents, grit, stamina, determination, skills and attitude, right? Those who point finger and blame govt usually are mediocre workers with bad attitude.
From the start, we saw a video clip about those younger ones' opinions about Prices of HDB today, about getting lower salary due to lower education, about hating one dimensional approach of getting BTO..then start a family.
Hope these are just their very individualistic opinion and of few. I am a little concerned with the very narrow mindset and superficial view of things about Singapore.
As time flies, inflation is a phenomenon that is prevalent everywhere and in many countries. There is nothing unusual about rising prices comparing the past and current.
In many countries, the type of qualification will dictate the type of pay sacle one will get. So, nothing is unique to Singapore in this aspect.
With inflation that is happening everywhere, the cost of living also increases. Whether Singapore COL is unbearable ...we can make a relative comparison to our neighboring countries. To make a fair comparison, COL needs to tie with Quality of Living, QOL.
COL...covers aspect of housing, food, health, transportation, and education with Quality in mind.
Understand what's happening in other countries, then one will appreciate what we have today, as a Singaporean.
身在福中，要知福。
Young citizens ‘not enough land!’ But rich foreigners can easily buy or those PRs! What a crime!
I think SG done well with inflation. Food prices have not increased THAT much if you choose wisely. Avoid foodcourts that invested heavily in renovation
Its actually not the government but companies keep rising the cost of living. As wages get higher. Such as food grocery, and apartment housing cost. People in singapore are so blind that they think its inflation.
Do more Lawrence, or one day the young will abandon the old. Same everywhere, not just Singapore.
I agree. At some point the young people will have to just let the elderly die in order to make the society more manageable 😂
PAP leaders are the best alway care for all Singaporeans
HK actually has lands and mountains to build and expand…
SG surrounded by seas eventually will run out of places to reclaim plus climate change, sea level rising & ponding turn into major floods… … …
Running outta time & space… cage homes coffin spaces rotated bed space (already reality, 20 plus people packed into a room) could be in the future.
So true. One way our government can really help is to reduce foreigners coming to stay here. Unlike HK which will be part of China in 25 years time, we will be home to 10m people.
So why so few singaporeans are talented civil engineers and environment scientists? Why some like to point finger, kpkb and blame govt?
@@scbchong6964
Dun be so butt hurt when truth gets pointed out.
Imagine Sg super tiny red dot of a small pot with limited soil nutrients, can support & sustain so many civil engineers & environmental scientists meh???
If you grow stuff in small pots, you do know you have to repot the plants for it to grow healthy or eventually that plant in the pot dies and pot gets thrown out right?? And fruit trees grown in pots doesn’t give as much fruits as those planted in ground? Hydroponic, vertical gardens can only support certain types of plants? Oh and bonsai are nothing but tortured and stressed plants in small pots??
But you keep believing what you believe. I support you!
Don't date women, don't start relationships, don't get married, don't have children, problem solved.
We can Fool our Brains to Accept what is adverse to us by saying or chanting "everything is Boh Bian one. Lan lan lor, HK lor". Rinse and Repeat.
Another pro-tip :
Compare with the Worst in the world eg. HK housing. Dont compare sg with sg to see if sg is Progressing or Going down hill. This way, we have a long way to go
High BTO prices, high COE prices.
Public transport very cheap.
Food is affordable.
Inflation partly caused by GST, COE, petrol duties, salaries of low level workers, etc..
My No.1 concern for the youth is not the housing, but the jobs, ie. is it difficult to get a job after graduation, as MOM also actively recruiting FTs overseas?
It seems like all participants already have jobs, thus, none have this question.
....doesn't solve problem, the cost/amount of housing/salary gap gets bigger then previous 30 years ago
As said by another commenter, $500 salary for $30000 HDB in the past is 60 months work. $4000 salary for $700000 HDB is 175 months. And you dare say we have prospered? The purchasing power of the very youth you promised the Singaporean dream to has shrunk by 3x. Forget "work hard in school and get a great job" . Why work hard when after all this, your purchasing power remains the same as a low-skill labour worker back in the day? I do not deny that Singapore has prospered; but apparently we the young are not to be included and supported in that dream. The people and the workforce are the economic engine of the country - by excluding us you risk losing your industriousness of today and tomorrow. (And still wonder why we suffer from brain drain?? 😂)
Maybe it's time we lie flat like our Chinese counterparts. This is not the deal we were promised.
Actually "brain drain" among Singaporeans is natural because Nature/God distributes talents unfairly, and Natural Selection means only 30% of each babies cohort grows up into productive, rational, innovative working adults. The fact is only 35,000 singaporean babies are born every year while 20,000+ older citizens die annually. The reality is YOU could be a mediocre worker. You thot every singaporean is excellent, high performing worker?
you only have the real estate agents to blame lmao. everyday they increase their own commissions to sales/rental of houses so for the actual person selling or renting their apartment to get a net profit they would have to increase the price again. its 2 snakes eating one another.
DPM Wong, I sincerely think you missed the point brought up by the youth in the 1st segment/1st question regarding headline prices. You yourself said it, a flat that your parents bought at $30k when they earned
I Think you guy are really HAPPY now. There Were no question about: How can i make Singapore better AS GREAT FATHER… actually you guys got all things…
i cant even buy hdb because me income is not high as i was challenge by Foreign Talent. During interview the interviewer say we can pay you that high salary as we can get more Foreign talent. If you can get less than my foreigner we will then hire you. i feel so sad.
Don't you have any skills and talent where you are better than foreigners? If you can only do what they can do, why should any company pay you more? Work is all about solving problems and competing and being better than others, right?
COE Record Levels. Who Controls THE quota ?
HDB Record Highs. Who is THE Biggest Landlord ?
Petrol Record High. Who Increased petrol tax IMMEDIATELY after GE 2015 n 2020 ?
Who Increased GST ?
When U Found the Answer; then You Will Know WHO has CAUSED The INFLATION n HARDSHIP
@@vincecarlo Did Opposition promise to give cheap COE to all? Did Opposition promise cheapest HDB anytime you want to buy but highest price when you want to sell? Petrol futures is traded in USD, hor. And GST is paid by rich and all foreign workers, hor.
The fact is that the largest real-estate owner in Singapore is government. Why would a land owner want the prices to go down? This conflict of interest will keep land prices and everything built on that remain expensive.
If the land is sold freehold, your kids can have a home in future? Why would I sell my home to your kids cheap? You lack forward thinking and critical thinking ability.
@@scbchong6964 why can't kids have a home in future if you sell freehold? Are you taking land with you when you die? Land is always there.
Who asked you to sell cheap? Sell at fair price without exploiting your position.
You learn some basics in argument and some decency in talking to others first.
@@raoplnsland is always there but house is not, building fee will always go up, your kids will need to have money to build a house. Freehold land will not solve good housing, both are separate issue.
@@Colourisedspoon I am not advocating freehold land etx but that Singapore government has no rational interest to keep prices low or easily affordable, becz they are the land owner and as a owner they don't want land prices to be low. If land price is high, everything built on that will cost more.
You can compare land and construction cost in comparable GDP per Capita economies like Vietnam and India. India land is freehold while in Vietnam is state owned, like in Singapore. You see the difference in prices, Vietnam prices are more than double to India in comparable cities. Because Vietnam government doesn't want land price to be low, becz they own it.
Wow, she is available.
Don't care what others say or do. Do only what you are comfortable with. Be flexible and willing to adapt to situations. Just as what some older Chinese says: See dishes eat rice; meaning eat more rice when you see less dishes; eat more dishes and less rice if you see more dishes. Life is like that. Don't be too disturb by what is happening around you; life still goes on.
DPM's mother pay is 500 dollars
Teacher's salary's today is 5000 dollars, 10 times the salary then.
DPM's parents house cost 30,000
Today's housing is 500,000, 16 times the cost then.
The relative change in cost does not match the increase in wage.
You forgot you have to save some of your salary and not spend everything. You forgot wife also can work if you want lifestyle HDB flat in mature prime location. In SG, daily living is rather low cost but lifestyle costs are very high. You want to show-off but want cheap, be pampered and spoonfed?
@@FooChuanjian You think it's very cool to insult someone's parents? Says alot about your own character, eh?
👍👍👍👍👍
I wish there was more context:
- What kind of flat are we comparing? Did his mother buy a 3 room, 4 room?
- There was no BTO then, so under what scheme was the flat?
- Were there any grants given to her mother?
@@surr3al305 Why don't you ask your parents about household expenses and then about their income tax and property tax first? Do you contribute to any household expenses? btw you working full time or still in school and living rent-free under your parent's roof?
One problem about most Singapore hosts, they have no idea about their duty. For this conversation, the host should ask questions about the opening video before inviting the audience to raise questions.
Yes.
how many properties did per 1 pap minsters and the whole party invest?
Both local and overseas must be counted.
You working or still in school and living rent-free with parents?
@@scbchong6964 How many cheap landed houses did pap bestow you to buy?
@@Confidence_and_Fitness PAP do not give free landed property lah. You work to your best ability, save and buy when prices are low. All singaporeans started poor lah. Your parent rich? My mother got Pri 3 education only and my father bankrupt. But still can get HDB BTO and then private property.
We do have a large amount of new citizens joining the sg family and likely the ones driving up property prices ridiculously. In HK, Beijing, its normal for price hike so they come here, they are willing to pay above market price for a resale flat... That's the main driver of price hike that gov can't share right??
Actually inflation is caused by too much cash and too little common sense. Foreigners only 4% of private property buyers. And foreigners cannot buy HDB public housing. Dirty secret is singaporeans have too much money and like to show off.
@@scbchong6964 where did that number come from? where is the data to back that up? btw did you know that a PR is considered a local too? so the government can easily skew the data and show everyone everything is alright.
@@93hothead Ah boy, are YOU poor? What jobs do your parents have? Are you working yet? Do you contribute to household expenses? btw only 35,000 singaporean babies born every year while 20,000+ older singaporeans die, hor. The lack of talent is very real problem, hor.
@@scbchong6964 stop repeating yourself kid.
Foreigners cannot buy a resale HDB
in the olden days we use to work but food and home provided now we work for money printed from thin air to pay for food and home
here is something for everyone to think about. do you want to live or do you want to survive. cuz in Singapore, most people are surviving
Assurance is nothing but empty word at the time of high COE and HDB price. HDB was easily affordable with single income, now hardly with dual income. Solve the problem. Narratives and trying to shape and control narrative shall get PAP kicked out in rockrt speed. You dont overhaul the way BTO and HDB is priced, people shall overhaul the parliament and at least there is hope that the next one can do so, or young people shall go on the street with the HongKongers. Look at the problem squarely, and solve it with abosute resolve. Dont be forced to do it after election defeat. Keep trying to forced win narrative shall one day get PAP kicked out. Not because PAP is incompetent, but because it has kept ignoring the pulse and pain of the nation.
All of these rich set for life ministers living in their bangalos can’t possibly relate to the average Singaporean
How has Opposition helped you? Do you know Opposition MPs own private property and take double salary and drive nice new cars? So you vote in Opposition and they will give you exec apartment in Orchard Road River Valley for cheap?
I believe title should be "Youth ask DPM Lawrence Wong" not Youths.
move to indonesia, we are open
Old generation work hard they dosnt know dont like to know i realy respect Mr LEE TEAM
Please ah, there's still people earning below 2k and even 1k.
PAP always help Singaporeans.
Why cannot get promoted and pay rise? No talent, lazy or bad attitude?
@@scbchong6964 what solution do you have if the reason is no talent?
@@vulturepeak Youth can be educated and use peer pressure, but older singaporeans can only persuade, cajole, reason, or shame. Nature/God distributes talents unfairly, but individuals need to be more self-aware, reflective and adaptable.
btw Talent + Hard Work and deliberate practice = World class skills.
No talent + hard work and deliberate practice = Highly competent and can earn a good living.
Talent + lazy = Going nowhere and kpkb king.
3 room or 4 room flat?
Is a fact the cost of living is very high. Salary increase can't catch up with inflation
If u hve to loan till old age with no cpf left how to retire? Special accnt lock up till so called retirement age keep delaying...dun think of retirement especially flats already hit millions of dollars cannot retire already unless earning millions like them
Unless your parents now had laid the foundation stone NOW and pass the kids the high end condo, landed, most youth will remain stuck in their HDB rut and at most end up with some low end condo. Many might even be struggling to just pay for their one and only HDB. The youth will never be able to upgrade from HDB, condo and landed like what their parents did in the 70s, 80s and early 90s. Or own more than 1,2 or even 3 properties.
This is just housing. The most worrying part is that these youth will never be able to retire comfortably and need to work pass their 60s and 70s and still remain stuck in their HDB.
what talking you? You forgot about pay rise, saving bonus, investing, spending wisely and not chasing inflated prices? Were you working and invested in HDB flat during 1997 Asian Currency Crisis or 2003 SARS?
If their parents managed to upgrade from HDB to condo to landed, I believe they are quite wealthy, which commonly point to able to provide better education to their children and wise enough to educate their children on $$ management. That gives a better starting point for the next generation ady. No point flipping houses yet couldn't educate their children on finding more $$ in the NOW timing.
@@hansonyap nope, that's where you are wrong...real case, couple in their early 40s moved from Bukit Batok HDB executive maisonette sold it brought a Bukit Timah semi D and 4100sqft at $1.6 m in 1989.
Now valuation of that landed $6.5m. So you see...IF YOU HAVE LOSER PARENTS ...your kids will just end up in HDB rut ...forever!😆😆😆😆😆
@@hansonyap Don't you find that Haters and Opposition supporters are rather arrogant, self-important and entitled?
@@scbchong6964 I think everyone is sort of arrogant HAHAHA including myself. Just hope to project another POV, whether is right or wrong I’ve no idea, since everyone here seems to have good critical thinking and communication skills (which is much appreciated in workforce hence everyone must be a director or president, therefore quite rich as well) :)
I think a bulk of this issue that is not addressed and brought up is that our standard of living have definitely increased, and our demand for what might be a more "luxurious" lifestyle has increased as well.
WE need to also look at the DEMAND and SUPPLY of these goods. The market has to correct itself somehow, so it's either cost go up to reduce demand , or we invest in ways to shift the supply curve to meet the new demand.
all the money you make goes to paying and paying the GST , TAXES AND RENTAL of your HDB which you DO NOT OWN.
Do you want a house or a home? The development of a normal national situation generally has its superior vertical development and horizontal development. Vertical or minarets (tall city-states) would be financial and commercial centers, and horizontal or domes (agriculture or mining, etc.) would be inland centers. Therefore, on a larger scale, houses (homes) and domes are the blueprint for a healthy and happy long-term national retirement, not war.
God bless Singapore 🇸🇬 ❤
May God judge the injustice.
Government can look at building subsidized communal living spaces, shared living room, toilets, kitchen while having personal rooms, for singles and allow singles above 25 to buy / lease such units. Communal spaces also promote single young adults to have more interaction with their counterparts and solve the issue of "adult children living with parents".
if conservative men below 35 dont have own house, how dare to find girl? i think is also partially due to western influence but i wouldn't want to do the needful for singapore's population growth when my family is in the house. i rather they let people have smaller places for singles that are subsidise then if people settle down next time then can upgrade and use the cpf from the first place they owned. honestly, our architecture standards are not like 40 years ago and we can make places work looking like studio apartments and whatnot. while we need to leave the nest, the government can control the sizes of the trees that we birds build our own nests in as well as the prices of the sticks we use to build the nests.
Very few people are staying in CBD but the prices super sky high.
PAP leaders are the best alway care for all Singaporeans
It is import foreigners and foreign talents to be priority population, and probably can help votes a lot.
Back in the time when houses were selling at 30K, salaries were around at 500 dollars, today's salaries are around 3000 dollars, that's just 6 times more that 500, the houses should be at 180k not 700k. Wong is spewing half truths no honest at all.
If you look at 3 room flats in a non-mature estate, then it is indeed about 6 times more. Just spend within your means?
You want great location and excellent quality but don't want to pay more? btw inflation is caused by too much cash and too little common sense. Property prices can drop 30% in bad economic times. You still toddler during 1997 asian currency crisis, 9/11 and 2003 SARS, right? Were you working during 2008/2009 Global Financial Crisis?
@@scbchong6964 pay $10 but expect $100 of value....
@@markvms4377 Many of those who kpkb about high property prices are not working yet and have never bought and sold any property in SG before. Just like to point finger and blame govt.
@@scbchong6964 teaching themselves to be future losers of society
i salute lky because lky really take care sg born!
not to current leaders, they can not make it
Very interesting discussion.
People no want hustle culture but want the MONEY.
Why ask kids who still have not experienced sufficiently government sponsored foreigners, who stepped on their heads in the work?
Ask those in their late 20s and 30s
its good to make these idealist hope that there is a light at the end of the tunnel.
Young couples cannot afford housing and also need to wait for 5 years to get a BTO is ridiculous. Government needs to solve this or else ...... Same excuses, saying this situation is the same world wide. What BS.
Finger pointing, kpkb and blaming govt does not help. Are you working or still in school and living rent-free with your parents?
Speak for yourself.
Limpeh 2 kids, hdb almost paid off at 27
you vote for who? if not just get what you deserve
@@Meownekox3 i put smiley face
@@Meownekox3 If you voted for Opposition, who have delivered nothing better for 15 years now, then you deserve zero. In real world, actions have consequences.
The problems of young Singaporeans with regards to housing & cost of living are:
(1) Not realistic, and tend to reach or spend beyond their means. (2) Contentment (of being employed, having 3 simple meals a day at hawker centres / coffee shops, a roof over head, reasonable good health, take public transport, no debt) is a rare asset and value. (3) Frugality is not in their value system. Because most young generation need not help put food on the table for the family and helped the family make ends meet. Hence, they spent on trendy food & items and purchase at the spur of moment. They will not ask themselves 2 basic classic questions (Do I really need it? Can I make do without it? ) before making a purchase. (4) They prefer to live near their parents in mature estates. Also prefers a bigger HDB flat at 1st purchase rather than basing on current spatial & affordable needs basis. Hence, pay more in mature estates and wait longer for BTOs.
When someone from other countries would be elated to have a HDB 4-room flat to call home, most can’t wait to get out of HDB to buy condominiums. They don’t have the means but want to live like the rich. How will they ever make ends meet? Some do not even contribute to household expenses.
Young problematic generation can consider like putting aside a 1 dollar in every game of TOTO.
Once u hit one toto , u got millions.
Then u can progress to condo and having 3 meals well fed
Young generation only knows how to depend on government, when they can't get it they will blame the government.
It’s the same for most developed 1st world countries now, not only Singapore. Inflation, climate change and food and water shortages that ensued, political instabilities and wars are raising costs higher. Doesn’t make it better that the world financial scene is controlled by the rich of the world, it’s their game and their gains. Basically, rising costs is not gonna end. Singaporeans are more cushioned by the effects than other countries, due to the policies in place. So appreciate & be grateful for now becus that’d will be no help eventually too, when the world is in turmoil. Also, doesn’t help that the new gen grew up in a paternalistic environment where everything’s available for them, most of them spend beyond their means (cafes everyday, Starbucks, branded goods etc)
But govt never stop you from being rich, right? How you use the 24 hours each one is given is your choice, right?
Well as a youth, we may have to move out of the country in future. Maybe johor...
Ain't that the truth...
And get even less pay lmao
@@93hothead Don't have to pay for every darn thing in JB
Better change to ringgit fast . SGD has fallen to record low from 3.475 to 3.10 today with 2 days.
@@tangt4860 Will fall even further if PM Anwar gets a second term, by then Sg won't be attractive destination for Malaysian labour force.
Good luck singaporeans, forever rising cost of living and forever wait for pap party to give money
The locals in the future need more than good luck...they need a miracle!
Correction-- should be return rebate for the overcharged tax & fees !
sorry but no, they dont understand
Even a $0.50¢ coffee is available occasionally and is diluted. : (
Can Govn use Land Acquisition to acquire landed properties and condominiums and build rental HDB over it