I am a victim of the recent property craze, where prices of anything related to property went skyrocket. Owners chanced upon this to raise rental, sell their place hoping to catch a windfall. This is further aggrevated with the kiasuim trait here. Rentals easily skyrocketted 40% - 50%. Prices of HDB, Condominiums too have easily appreciated 50%- 100%. And with so many un-controlled enblocs, the situation has turn against the tenants and prospective property buyers.
Enblocs creates a property scare, where the basic supply and demand theory applies.
Supply becomes lesser, demand increases, thus elevate the price of the property be it rental or purchase.
Its also create a fear amongst those non-property owners. The fear of no place to stay, so its creates a dog beat dog scenario where the richer you are, you will try to bid higher for a place you want leaving the poorer souls behind.
Ya, goverment says everything is under controlled, there are many flats available. Sure...they are all in sub-urbia country. Places we worked, study are all centralised. They plan it that way. As a result, the poorer folks have to travel further, pay more for transportation to get to place they want. Not to mention the price increase in transportation.
Well, everyone is for himself. The rich wanna get richer, while the poor tries to make a living. This is a cynical world we are living in.
As for, I got to move to more sub-urbia, away from the my current sub-urbia. Cos everytime I mention where I stay, people gasped and say " wah...so far".
Well, my tarot and numerology readings is asking me to take a breather and be a hermit to reflect on life. Maybe I will do just that. Zen-ning..
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1 comment:
be a man do the right thing.
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