CITYDEV Property: Freehold rules OK
In Property dev, S’pore style,I reported that CityDev build Amber Park 34 yrs ago and sold each unit at about S$360,000. Now they are buying back at more than S$4.3m per unit, spending S$906.7m in total. Owners are expected to receive between S$4.3 million and S$8.3 million in gross sale proceeds. If u are wondering why...
Singapore Sovereign Wealth Funds More To Gambling Than A Business Model?
Singapore Sovereign wealth Funds more to Gambling than a business model? Every time when you open the news, Temasek or GIC invested millions and billions, just pour hoping the value of investment might go up or earn a better return, just another Fund manager companies. Than on the sides of the coins, we saw the news, China...
CPF members shortchanged by PAP, Temasek given all the pow chiak domestic businesses (Part 2)
(Part 1 here) During the early years after independence, PAP relied mostly on our CPF savings to set up GLCs as well as fund infrastructure construction.** In 1967, CPF members loaned the PAP government 85% of the funds it badly needed. From 1967 till 1996, annually, more than 72% of all government loans came from CPF members. Without...
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