Recession? What recession?
Thursday, August 27, 2009
Everywhere else people seem to be worrying about the recession. Here you'd barely know there was one. It seems wherever you look there is another construction site. Many new train stations are being built for a new train line. The university has several new buildings under construction. New shopping centres have been opening. Two huge "integrated resorts" are currently being built. (intergrated resort is Singapore polite speak for casino). Most extrodanary is the number of appartment buildings being built. The most popular newspaper is filled with ads (many full page) for the latest luxury apartment building. The construction companies all seem to be trying to outdo one-another to have the fanciest facilities. Given this is one of the most densely populated countries on earth I'm wondering where they find the land to build these, especially given many advertise having extensive gardens! The newspaper reports people queuing for days to improve their slim chance of securing an apartment or sending in their agent with a signed blank cheque to do their bidding. Not only is there a huge demand for local properties, the newspapers often have ads for property in other places like Canada and Australia.

0 comments: to “ Recession? What recession? ”
Post a Comment
Post a Comment