Liberalise CPF to buy HDB flats
The liberalisation of CPF to enable elderly people to buy older flats that was recently announced in Parliament by Lawrence Wong. In my opinion, this is a most irresponsible and despicable policy. It is suicidal to say the least. To begin with, old people do not have many more economically productive years left in them. When...
When a Cabinet Minister has to play with words, you know that ‘HDB flat owners’ are in trouble.
I refer to Finance Minister Heng Swee Keat’s claims that lease decaying does not mean that HDB flats will have zero value even when the owner is 85 years of age. When a Senior Cabinet Minister has to play with words to reassure unthinking Singaporeans, you know that "HDB flat owners" are in trouble. With lease decay speeding...
Asset Enhancement Bubble Burst
PAP government no longer dares to mention these key slogan which they used so intensively from the 1990s through 2011. In fact, The bubble has burst right in their face. I sold my HDB flat back in 2010 at a price which in fact hardly "break even" after considering the amount of interests I paid for my mortgage and the interests...
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