99-year land cost of a $400,000 HDB flat = $2.76 million
HDB prices flats to include construction and land costs. Although land cost is estimated to be 60% of the price, flat buyers – lessees, in fact – do not own the land. Over a period of 99 years, land cost can amount to million$ when ‘accrued interest’ is included. Assuming interest rate to be 2.5%, a CPF member who...
On Xtian Support for 377A
I refer to TOC's editorial Is the PAP government trading gay rights for Christian support? on this issue and couldn't agree more that Church (or religion) and State should be separate or we run the risk of persecution of minorities who do not subscribe to any faiths sanctioned by the government IRO! I was formerly a xiatian...
PM, PAP should remember what world’s richest man said
Given former PM’s comments his comment that those in the private sector earning less than $1m are “very mediocre people”, it’s surprising that the PM and the PAP are ignoring what the world’s richest man said “Experiments are by their very nature prone to failure. But a few big successes compensate for dozens and...
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- DEBT TRAP on Public Housing HDB
- Sinkiaponang on The clock is ticking
- PAP mandate strong on 7.8 magnitude earthquake devastates Tibet
- Sinkiaponang on Integrate
- Papa PARDON Son Democracy SRFR on Integrate
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