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08-03-2021, 04:40 PM
(This post was last modified: 08-03-2021, 04:41 PM by weijian.)
@BigToe, it takes just 2-3 years to build a ship from order, while the ship has many years of useful life for depreciation. I will probably give this sort of cycle a pass since it is beyond my circle of competence nor ability to keep track of it. That is, unless I stay somewhere near to the port like Song Seng Wun who can count the ships on a daily basis. Unfortunately, I didn't win the HDB lottery at Duxton Plains and so I am probably priced out of a move there.
The me (doesn't) know.
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31-05-2021, 02:53 PM
(This post was last modified: 31-05-2021, 02:55 PM by Big Toe.)
Not a question of "if" much higher inflation is coming but "how fast" it is going to hit us.
Commodity prices are at its highest level since the pandemic started.
The material and labor intensive products/services are going much higher as supplies are slow due to numerous restrictions. I have never been fond of properties but this time I have to admit, it is going to go much higher as it consumes the most materials and labor. New supply isnt coming on stream soon enough, leading to a shortage.
The labor crunch facing the construction is severe. This is made worse by the additional workers housing/testing/etc costs. There used to be multiple teams working at a project simultaneously but now the numbers are restricted and strict guidelines have to be followed. Cost have gone up dramatically while the pace of progress is slowed to a crawl. For the first time, developers are willing to discuss price increases faced by the contractors for half completed projects to get things done, because there is no other way.
Which explains why HDB BTO is now has 60 months waiting time. HDBs are much easier to build than commercial and other types of buildings and being managed by the government, more resources are available to them. So it is a really bad time to get a property, especially residential where demand is usually higher. Unlike previous crisis, this one actually increases property value.
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It’s time to reciprocate for hijacking the news prior. The shipping rates are shaping up to be the strongest in a decade and facing the upcoming Christmas stocking up and proliferation of the delta variant. Will it get squeezed further?
![[Image: WCI-Chart_2021-06-24.svg]](https://dwcontent.affino.com/AcuCustom/Sitename/DAM/018/WCI-Chart_2021-06-24.svg)
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