Originally Posted by
Unregistered
Singapore doesn't have so many people - 4.5 million is much lower than any major city. In fact, Singapore is no. 35 globally. The govt. wants to increase it to 6+ million, but its not that easy. HK is 7.5+M
As for land, HK is hilly, therefore difficult to build on. Singapore is flat.
Singapore still has a lot of available land to build on. Whole areas of Pasir Ris, Senkang and Punggol are available. Woodlands is mostly empty, same for many other places on the north-south line. The story is similar in the west side (Boon Lay etc.)
There is place for growth.
If your friend is talking from a 20 year perspective, then we could agree with him. In the short term - 1 to 4 years from now, there is ample supply in the market + space available for more expansion to take care of the demand.