Regardless of PAP’s belated action on the property market, asset enhancement will turn into a nightmare
(Below are possible future scenarios of the Singapore property market by ‘Sinkie‘.) Too late for any easy solution now. PAPies have opened Pandora’s Box & created a monster in the late-1980s. Either Singapore continues as (Minister) Wong has said i.e. 96% of HDB flats go to Zero, or Singapore embarks on QE to do mass-scale...
The midnight raid of Mr Koh Eng Khoon
The midnight raid by the secret police of the home of Mr Koh Eng Khoon, Chairman of the Association for Recycling of Second Hand Goods on 29 April 2017 should alarm and concern all of us. Photo: TOC We should not dismiss this act of state terrorism lightly by assuring ourselves that such raids will never happen to us. I too...
PAP government created HDB asset bubble but still sitting on ‘time bomb’
The PAP government has created the mother of all property bubbles by pouring billions in CPF retirement savings into HDB flats. Through SERS, the majority of HDB lessees became convinced that every old flat will be returned to the government in exchange for a new flat in a choice location. The PAP was aware of this perception...
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