From CM6 to CM7, there is a major shift in the Govt thinking of making the ownership of second property for Singaporeans, and first property for PR become much more costly. This is a very interesting shift and one needs to think of the logic behind, particularly with the low interest rate, high inflation and huge GLS supply.
Next, is the mega MRT plan. Such mega plan is to support a big population, and a huge population is needed to support the running of such mega MRT network.
So, if I read this two together, the last piece of the puzzle is the population policy. PM Lee and DPM Teo have both hinted on the needs of more heads in Singapore. We need growth, We cannot be like Japan, super low birth rate, no growth, and ageing nation. It is asking for deep trouble in future.
So, my take is population policy will be the next one, and follow by the master plan 2013.
This round, the intake rate, I guesstimate, will be in the region of 100,000 to 120,000 per year. And the focus is to convert them into new citizen and have their first property. Definitely, Govt is now much more choosey.
HK is targetting 10m from existing of 7m. If we don't take the good ones now, we will left with nothing.