Is the Sing dollar too high, will it be devalued?

[lifeafter41]

With the musical chairs of Central Banker printing like there is no tomorrow, Yen, Euros, US$, GBP, vis a vis the Sing dollar, it has risen significantly. Even with the rise, inflation is pretty high in Singapore, 5% or more, if it is devalued, inflation will go up even more.......

S$50 ten years ago compared to nowadays, don't get you much, whether at NTUC, Giant, Cold Storage.

 

[songsongpunggol]

5 room HDB flats already reach to close to 1 million mark.

and inflation only 5%? am i missing something here? Hee..

 

[lifeafter41]

5 room HDB flats already reach to close to 1 million mark.

and inflation only 5%? am i missing something here? Hee..

Ex housing and transportation lah....
Even at S$950k will get a couple a very nice house in the US, Australia, Canada or even NZ, with cars for each thrown in.
Even better if staying in Malaysia or Thailand, it stretches even better.

Interesting newly married couple, most likely would not be able to afford a 900k place. Even at 500k, also big challenge.
Frankly I am sometimes quite amaze that these young people still got money to go clubbing or holidaying, if they have a 400k housing loan, 100k car loan, 70k renovation loan, 30k personal credit loan, 20k credit card outstanding balance....... that about covers it.