More than 55 singles chasing each 2-room flat offered
While the government's decision to allow singles to buy new two-room flats in the latest Build-to-Order (BTO) exercise was initially met with scepticism, strong demand for the units proved otherwise, said National Development Minister Khaw Boon Wan. In his latest blog post, Mr Khaw hinted that as of last night’s BTO closing,...
Singapore will not be another Detroit
Detroit City was one of the richest American city in the 60s and 70s. Ford, GM and Chrysler made it their homes and provided hundreds of thousands of well paying jobs to create a rich middle class of Americans driving ultra big cars and tearing down the highways with petrol costing only a few cents. What a good life. Detroit...
Uncle Leong: GIC’s 4% returns are based on USD, not SGD
Mr Leong Sze Hian 4% real returns last 20 years? I refer to the article “GIC reports steady 4% real returns” (Straits Times, Aug 2). Stopped reporting in both S$ & US$ since 2009? According to the GIC annual report, “The nominal rates of return have been reported in USD terms since our 2009 report as the USD is the...
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