Two more days in Singapore, until I return to Indonesia for a long awaited break. However, I reckon I will still be occupied at Lampung even without the broadband connection since there are quite a few weddings to attend while I am in Indonesia. Moreover, I will be continuing my tennis lesson and golf lessons, besides the tons of animes to watch and PS2 games to play.
Went to Sim Lim today to purchase a HDD Casing for my 3.5" desktop 120GB hard disk, since my desktop is dying and I think I better salvage what I could. Also obtained more Canon Photo Papers to print all those graduation photos, winter vacation photos at Canada and maybe the Redang photos too.
The Singapore government announced today that it is relaxing regulations on the property market and they said it wasn't to push up prices but I think otherwise.... The property market in Singapore has been stagnant for nearly a decade from it's peak since 1997. To the banks, owners, developers and ultimately, the goverment, this is not a good news. Property prices could help to push up Singapore's GDP for all that matters but it is also intrinsically linked to the GDP growth of the country. From all points, the government initiative has been to push up property prices in Singapore for it will benefit South East Asia largest property developer, Capitaland - a gov't linked company. This can be seen from the legalization of gambling, relaxation on foreign ownership and loans and mortgages changes. However, I doubt this will do much to stimulate the market since GDP growth has been a laggard in Singapore so far, and foreigners have put more of their money in China and HK properties. Furthermore, cheaper properties that have higher growth and yield potential can be found in markets like Thailand, Malaysia and Australia so the property market in Singapore will likely to remain stagnant in a few more years to come. Perhaps when the 10 years of downturn is out ..... (just my 2 cents worth of analysis)
Went to Sim Lim today to purchase a HDD Casing for my 3.5" desktop 120GB hard disk, since my desktop is dying and I think I better salvage what I could. Also obtained more Canon Photo Papers to print all those graduation photos, winter vacation photos at Canada and maybe the Redang photos too.
The Singapore government announced today that it is relaxing regulations on the property market and they said it wasn't to push up prices but I think otherwise.... The property market in Singapore has been stagnant for nearly a decade from it's peak since 1997. To the banks, owners, developers and ultimately, the goverment, this is not a good news. Property prices could help to push up Singapore's GDP for all that matters but it is also intrinsically linked to the GDP growth of the country. From all points, the government initiative has been to push up property prices in Singapore for it will benefit South East Asia largest property developer, Capitaland - a gov't linked company. This can be seen from the legalization of gambling, relaxation on foreign ownership and loans and mortgages changes. However, I doubt this will do much to stimulate the market since GDP growth has been a laggard in Singapore so far, and foreigners have put more of their money in China and HK properties. Furthermore, cheaper properties that have higher growth and yield potential can be found in markets like Thailand, Malaysia and Australia so the property market in Singapore will likely to remain stagnant in a few more years to come. Perhaps when the 10 years of downturn is out ..... (just my 2 cents worth of analysis)
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