$50,000 salary, but denied HDB loan?
BTO flat ready in August this year Janice (not her real name) purchased a HDB BTO 3-room flat for $307,000 with her parents (age 76 and 75) as occupiers, which is due for delivery in August 2015. Need $160,000 HDB loan, but $111,200 approved She needs a HDB loan of $160,000 (Deposit paid $35,637 plus current CPF OA balance...
The root cause of the SMRT debacle
LG (NS) Desmond Kuek, SMRT President and CEO It's a truism that in a privatised organisation like the SMRT, the priority is to maximise profits for the shareholders. The major shareholder of SMRT is Temasek Holdings. It follows that SMRT commuters are placed very low in its priority and as a result maintenance could not have...
Should we encourage ‘rich kids’ to buy BTO flats?
HDB flats for “rich man’s children” According to the news report “HDB flats for even rich kids’ children? Yes, let them remove their heads from the bubble and breathe normal air” (Jun 28) – “Mr Khaw said then: “If a rich man’s kid wants to apply for a BTO flat, provided he stays the five-year minimum occupation...
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