Keeping BTO flats affordable
To keep a BTO flat (new public housing flat) “affordable”, the government takes the resale price of public housing flats in its vicinity as a benchmark, and then apply a subsidy. In so doing, BTO prices are pegged to “fair market price”, albeit at a discount. However, in addition to market forces, property prices in...
Indranee the magician explains the reserves conundram
Matters of national concerns arising from new or amendments to legislation draw no comments from the Law Society. The general medical community stays absolutely silent on serious concerns over mRNA vaccines. Zero input from the Society of Accountants to the conundrum of our reserves is no surprise. The apathy of people in leadership...
Introduce ‘common prosperity’ in Singapore
I make these suggestions to introduce "common prosperity" in Singapore. 1. Provide an adequate wage for every worker that is sufficient to meet the cost of living. The wage should be guided by national statistics of the supply, demand and average wage for each job category. The wages should not be depressed by unrestricted entry...
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