21 Apr '11, 12pm

Our Gen Y reader says the high price of property is the premium we pay for living in a safe country. #SGelections

I REFER to last Saturday's report ('Cost of living is top concern of Gen Y'). Like any other Gen Y, I too am concerned about rising costs. But while we are griping about the high cost of property, we have to note that it is tied to the safety and security we enjoy in Singapore. A similar property in Malaysia, China or even the United States is likely to fetch much lower prices. But in Singapore, we do not worry about gun-toting youngsters running rampant in schools. Immigrants tell us that they love Singapore because they can wear their gold watches here, but back in their home country, they would be robbed in broad daylight. Essentially, the price we pay for property is premium because we are paying not merely for a physical house, but for a place of living in a safe and secure country. In making the decision on who to vote for, Gen Y should think not merely of the curren...

Full article: http://www.straitstimes.com/STForum/OnlineStory/STIStory_...

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