S'pore is far too small to accommodate more than 6 million residents. Overcrowding contribute to inflation since it increases demand, when supply is limited for essential goods and services like housing, transportation and food. When supply does not keep pace with increased demand, prices are pushed upwards, which leads to inflation.
Thanks for your opinion.
However, is Singapore too small to accommodate more than 6 million residents which thru your perspective that it would lead to inflation?
1. Singapore is indeed small, with little horizontal space, but we do not lack in vertical space. In its formative years, public housing blocks were mostly of ten stories, but are left with 40 or less year before the lease expires. Thus, we can tear it down & built it 5 times the height it is now, & even offer new leases for the existing owners, should need be.
2. Water is a natural resource. With our geological location, we face rains regularly, & along with our water catchment areas along with more advanced water purification from our sea resource, we will have far more water for even 10 million residents.
3. Some may feel that we are a crowded city. However, thanks to our efficient transport systems, such as the MRT which one only needs to wait 5 mins to catch the next train, it had now upped the time schedule to 2mins during peak hours, thru the purchase of MORE trains & NIGHTLY MAINTENCE of the transportation system.
Should one require privacy in a shared public space, there are still taxi companies & even Grab services at just a mere phone call away.
4. As we are residing in a good geological location where all points of the compass meets for trade, we had NEVER experienced any shortage of food resource. Even during the chicken flu scare whereby our imports from Msia were limited & would drive up fears of inflation that chicken meat would cost more, but thanks to our Economic Development Board teams, we simply got OTHER suppliers from the World to continue with such meat supplies.
Furthermore, we in Singapore are very much in touch with the World. We can still buy goods online, or just cross the causeway for food if necessary.
Ultimately, the point of this thread is about the Causes of Inflation. That cause is NOT a situation, but a CHOICE of consumers.