The above statement was in CNN.com today (U.S edition) in the WORLD section. The answer is in the link below.

http://globalpublicsquare.blogs.cnn.com/2012/08/15/singapore-worlds-richest-country-by-2050/?hpt=hp_bn2

Congratulaions and I am sure the Risti's in that country will be proud of their country's achievement.





Salud !
S.Y.

Its an interesting report but I wonder how many of our countrymen will read beyond the happy headline.

Here's an pivotal part of the report's metric:

Sustainable property values in all real
estate sectors, including residential,
oce, retail and industrial. Property
values are a barometer of the health
of the overall economy and also the
attractiveness of a city

Looking at the situation today can it truely be said that property values are sustainable?

Local indices to not seem to indicate so, and certainly the "everyman" complaints on the wax lyrical on how expensive housing is.

http://sg.news.yahoo.com/singapore-property-prices-defy-gravity-reach-time-high-100958796.html

About .25% of everyone living in Singapore will comprise 99.97% of all wealth, with the rest living in tin sheds.

None of us believed that for a second.



"Aiyah Panerai, buay beh liao eh lah." / Singapore
"Agak gila Panerai." / Indonesia
"Owh, Besarnya!!!" / Malaysia