I am a Singaporean, no longer a Chinese
I am a child of a Chinese immigrant. My grandparents came to Singapore long before I became a cell in my parent's body. Those were the days when Chinese immigrants, who saw no future in their motherland, decided to venture abroad to eke out a living for themselves and to build a new home for their families and off-springs. I...
More than 90% of households cannot buy flat with $1000 monthly income
I refer to the comments made by Tharman Shanmugaratnam that a family with income as low as $1,000 can purchase a flat, and the subsequent clarification by Tan Chuan Jin that it is possible to pay off over 30 years for a $100,000 2-room flat with the CPF housing grant and Additional Housing Grant. It is misleading to quote...
Blimey, the govt is still talking about affordable housing
Tan Chuan Jin ‘said that his ministry tracks “very closely” the incomes of Singaporeans, to make sure that HDB flats are priced and subsidised so they’re affordable at different income levels.’ What is the govt’s definition of affordable housing? Two pay checks and 30 years to pay the mortgage. Right? Affordable...
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