PAP propping up prices of older resale HDB flats before GE2019
In 2013, PAP drastically reduced the amount of CPF usage for HDB flats with less than 60 years’ lease. The reason: Too much CPF has been used to finance housing. Prices have collapsed and transactions reduced to a trickle. Retirees who had counted on PAP’s asset enhancement scheme to fund their golden years are all nursing...
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...
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