Mockngbrd Supersonic May 24, 2011 Share May 24, 2011 ↡ Advertisement Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged May 24, 2011 Share May 24, 2011 I don't know what to say !!!! The world is going to crash.. Link to post Share on other sites More sharing options...
Wt_know Supersonic May 24, 2011 Share May 24, 2011 (edited) that's the result of GDP chase. how to sustain double digit GDP growth for the last 10+ years Edited May 24, 2011 by Wt_know Link to post Share on other sites More sharing options...
Picnic06-Biante15 Supersonic May 24, 2011 Share May 24, 2011 (edited) wow.............. the city buildings beside the bay (after 5 minutes in video) is cater for 12 million peoples and is left vacant....... the whole of Singaporean can shift there ....... Edited May 24, 2011 by Picnic06 Link to post Share on other sites More sharing options...
Wt_know Supersonic May 24, 2011 Share May 24, 2011 (edited) haha ... includes "asset enhancement" bor. isin't china is studying/exploring spore style for hdb + cpf wow.............. the city buildings beside the bay (after 5 minutes in video) is cater for 12 million peoples and is left vacant....... the whole of Singaporean can shift there ....... Edited May 24, 2011 by Wt_know Link to post Share on other sites More sharing options...
Lkp848 Clutched May 24, 2011 Share May 24, 2011 At least no traffic jam... Link to post Share on other sites More sharing options...
Tianmo Hypersonic May 24, 2011 Share May 24, 2011 standby some cash and wait for fire sale.................. Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged May 24, 2011 Share May 24, 2011 That guy said it perfectly. Its not the amount of GDP, its the Quality of GDP. Link to post Share on other sites More sharing options...
Acieed 1st Gear May 24, 2011 Share May 24, 2011 You missed the point, the development of the ghost city was already fully paid for and costs already fully recovered. It is different from the sub prime problem when the development was fuelled by a bubble from sub prime lending and risky security products -- money and productivity that didn't exists. Having said that, mainland China does has a bigger economic and social problem of inflation and income gap balancing on thin lines. Link to post Share on other sites More sharing options...
Wt_know Supersonic May 24, 2011 Share May 24, 2011 (edited) during the interview, one statement that struck me ... government must have policy to provide "basic" housing for the people who can afford basic housing is human rights and not privilege ... Edited May 24, 2011 by Wt_know Link to post Share on other sites More sharing options...
Evillusion Supersonic May 24, 2011 Share May 24, 2011 MBT should go there with his expertise! sure the price will go up and the city will be packed to the brim! Link to post Share on other sites More sharing options...
Picnic06-Biante15 Supersonic May 24, 2011 Share May 24, 2011 MBT should go there with his expertise! sure the price will go up and the city will be packed to the brim! If he goes there, he won't live to ripe age if he bring the properties price to sky high. Peasant ah tiong will hunt for him ..... Only we Singaporean very obident and law abiding, price up, LL ..... Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged May 24, 2011 Share May 24, 2011 You missed the point, the development of the ghost city was already fully paid for and costs already fully recovered. It is different from the sub prime problem when the development was fuelled by a bubble from sub prime lending and risky security products -- money and productivity that didn't exists. Having said that, mainland China does has a bigger economic and social problem of inflation and income gap balancing on thin lines. Its true. Lets hope there is a crash and all the people can afford to buy ! Link to post Share on other sites More sharing options...
Csnewbie 1st Gear May 24, 2011 Share May 24, 2011 haha ... includes "asset enhancement" bor. isin't china is studying/exploring spore style for hdb + cpf this i dun recommend. but if they got sg legislative system n keep the country safe,i will shift there. Link to post Share on other sites More sharing options...
Evillusion Supersonic May 24, 2011 Share May 24, 2011 If he goes there, he won't live to ripe age if he bring the properties price to sky high. Peasant ah tiong will hunt for him ..... Only we Singaporean very obident and law abiding, price up, LL ..... but then another comrade will come up to defend him by saying- i see my bank statement and i feel so rich. so the peasant ah tiong will have to line up at the bank just to see what statement he was referring to. Link to post Share on other sites More sharing options...
Altivo 3rd Gear May 24, 2011 Share May 24, 2011 http://www.zerohedge.com/article/china-pro...erpetual-engine Ever wonder how China can endlessly generate goal-seeked GDP of precisely 8.00001% year after year? Or how it can constantly find use for the massive and ever-larger surplus of warehoused commodities? Simple - never stop building. Which, apparently means blowing up empty building before they are even finished and rebuilding them. Rinse. Repeat. After all gotta keep all those construction workers from rioting, and all those USD reserves redirected into Brazilian and OZ commodities, now that China is not really buying US debt anymore. China Hush has some stunning pictures confirming that in its search of the great home bubble perpetual engine, the politbureau comrades may have stumbled onto the bricks and mortar equivalent of Shangri La. In the meantime, more on the whole "controlled demolition thing" from China Hush. As one of the most architectural productive country, China aggregates 2 billion m2 of new building area every year, consuming about 40% of the world Link to post Share on other sites More sharing options...
Altivo 3rd Gear May 24, 2011 Share May 24, 2011 That guy said it perfectly. Its not the amount of GDP, its the Quality of GDP. i took a double take when the ang moh said 64 million homes are empty! Link to post Share on other sites More sharing options...
Mllcg 3rd Gear May 24, 2011 Share May 24, 2011 with so many buildings, about time china scrap the one child policy? ↡ Advertisement Link to post Share on other sites More sharing options...
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