Why banks tested for 50% plunge in property prices
Singapore banks are so well-buffered that they will be able to withstand even a 50 per cent plunge in property prices here if this were to occur over the next two years, say stress tests done by the International Monetary Fund (IMF) and the Monetary Authority of Singapore (MAS). (BT late last yr) I waz wondering when I read...
Khaw confirms value of HDB flats will be zero at end of 99-year lease
[Article first appeared in http://geraldgiam.sg on 7/2/14.] NCMP Gerald Giam All HDB flats are sold to Singaporeans on a 99-year lease. We are technically not home owners, but lessees. I asked the Minister for National Development, during the 20 January 2014 Parliament sitting, what the value of HDB flats would be once their...
15 questions pertaining to fare increase report
Bus and train fare increase wef 6 April 2014 Further to my article “The alternative news in 1 day? (part 31) – Fare increase” – I have some more questions about the following statistics which seem rather odd: 15 questions that Singaporeans should be asking? 1. Who did the calculations and projections? The PTC, Ministry...
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