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Paper is written by famous Singaporean woman Catherin Lim. Catherine explores the greed towards easy money making and how it leads city people to the tragic result.

Tay Soon and Yee Lian are main characters of the story. They belong to middle class family and they have strong ambition to buy a well managed building with all perfection. They dreamt of beautiful house having marble floors, oval shaped sitting rooms and fantastic swimming pool. They both share their plan to all the family members including Yee Yeng, Yee Lian's sister but mother of Tay Soon didn't pay any attention or concern to them. She was engaged in her traditional profession, i.e, vegetable business. She was completely contained and happy. She also suggested them not to keep such dream but for Tay Soon. it was not only dream. He thought it could be fulfilled if he handled the money appropriately because he had saved 40,000 in bank.

In that period, Tay was attracted to share market because share price was rising. So, he invested his 30,000 at risk in share market. Fortunately, he was able to make $100,000 within short period of time. At that time, he proudly told his mother that he was able to buy 50 houses like mother's. He further was excited towards the share and invested more money. But unfortunately, the value of share began to fall rapidly. There was no any device to control the declining. He invested all amount of money. Few remaining money was also invested in last attempt but it was also in despair. His hope of building modern house was broken into pieces. He himself broke physically. He left eating and started beating his wife and children. His condition was worse and worse and he was admitted in hospital. At last, it was mother who ordered a beautiful paper house somewhere in the market to satisfy his son. At last, Tay Soon was dead and paper house was put on his dead body and they both were burnt together and turned into ashes.

This story is giving satire on the ambition of young generation in Singapore who are crazy for material gratification. The structure of story is divided into three parts - opening, climax, and anti-climax. In opening, we can see Tay Soon and his strong aspiration to have modern house. In the climax, we can observe his excessive greed towards money hoarding. The anti-climax is a total ruin of Tay Soon due to the greed for paper in this story. "Paper" stands for many things such as plain paper, money, etc. The growth of the value of paper means their success in matter. In this story, "Paper" denotes bank, cash, share, certificate, prosperity, game, etc. And on the other hand, it also indicates Tay Soon's ambition, effort, sleeplessness, broken and deserted. And lastly "Paper" also stands for material success and failure both. "Generation Gap" between young and old is also shown in the story. The feeling of Tay Soon is taken lightly by his mother and feeling of mother is taken lightly by son.