PAP depressed prices of older flats to stem CPF funds outflow from GIC
Singaporeans should take note that numerous policy tweaks are merely attempts to stem funds outflow from GIC. Funds outflow – redemptions in the case of Ponzis – will spell the death knell for GIC, ultimately leading to the spectacular collapse of PAP. When PAP drastically reduced CPF usage for HDB flats with leases of...
Ong Ye Kung’s misguided attempt at reforming the education system
Ong Ye Kung The Minister of Education, Ong Ye Kung, encouraged students to consider an alternative to pursuing a degree. He said that a degree is not necessary for many jobs. He is repeating an advice that has already been given by several other ministers. His statement is not accepted by a large segment of the community. They...
PAP depressed prices of older flats to benefit HDB, lessees sell back remaining lease at lelong price under Lease Buyback Scheme
In 2013, PAP severely limited the use of CPF for flats with leases of less than 60 years. At this stage of the HDB lease cycle, PAP really has no choice but to depress HDB flat prices. This is to enable HDB to pay lelong prices to lessees under the Lease Buyback Scheme. Post 2013, demand for flats with leases of less...
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