VERS and HIP II is an illusionary election carrot merely to benefit the PAP, GIC and Temasek Holdings
Let's put it in numbers. Assuming you "buy" a HDB flat for S$300,000, after 50 years you "sell" it for S$600,000. Theoretically, flat prices start to fall at the 50 or 60-year mark. So the person who "buys" the flat for S$600,000 will see declining value to the flat.So, at the 50-year mark, the flat would be S$600,000. Then: 60-year:...
Why destroy our own Adam Adils?
The PAP is guilty of the crime of destroying the future of youths who are critical of the regime. It stretches from as early as the late 1950s, to the most recent time. Here I am at the Penang Institute visiting Adam Adil, who shot to fame in 2011 for removing a flag. He was suspended from his University for three semesters,...
PM Lee: ‘The value of these homes will never go down’…oops, I lied.
I did warn you dear readers. I did predict this, I did raise the alarm and I did warn you. In his NDR Rally speech yesterday Lee Hsien Loong admitted he and his dad have been lying to Singaporeans all along when they promised that HDB would be an ever-appreciating asset. This is what LHL said in 2010 before the GE: “The HDB...
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