Here’s more proof that Singapore is doing extremely well. Or is it really?
Elites have more avenues to spend money as high end property prices keep increasing as the latest launch will set record prices. With a penthouse believed to be valued at over $22million, it is priced at $2,000 per square feet with more than 11,000 sq ft built up.
With the announcement of the winner of the Sentosa Island Integrated Resort bid, the limelight is back on Marina Bay with this new development, Marina Bay Residences. This is in the view that HDB prices have either stagnate or fell in the last couple of years. Will this trend continue to show the increasing problem of the gap between the rich and poor, the elites and heartlanders?
Two classes is an understatement. Even among the self-proclaimed elites there are different classes. There are at least 3 different classes of FTs and I guess you can have 5 classes for Singaporeans with 3 sub-classes in each.
E.g. HDB living Singaporeans: Rental class, 3-rooms class, 4-5 room class, EA-MA class.
Get the pciture. The Govt created over the years…all stats from DOS were tabulated base on that.
Extremely complicated but you are right about the department of statistic having a hand in creating those classes.
Please explain leh. I don’t understand how the DOS had a hand in creating these classes. Thanks.
they divide them into those categories (and hence the classes) for statistical purposes.