Before our millionaire ministers tell us to downsize, then they should look at themselves first
When Singaporeans share about their pains of making ends meet or how they are struggling with living costs. The government's response has consistently been for us to "right-size" or more clearly, downgrade. The message is simple: Living in Singapore is not cheap, so if you are struggling, reduce your spending, reduce your lifestyle...
The hidden costs of ‘owning’ a HDB flat – is the PAP purely out to make a profit?
Click to enlarge According to the HDB website: When you take a housing loan from HDB, you will enjoy a “concessionary” interest rate. This concessionary interest rate is pegged at 0.10% above the prevailing CPF Ordinary Account (OA) interest rate, and may be adjusted in line with CPF interest rate revisions. The CPF (OA)...
Why Must My Children Buy A New 99 Year Old Lease?
PM Lee said: [ LINK ] There is one fundamental reason why. We need to be fair to future generations … After the lease ends, the flat comes back to the state, the Government redevelops the land, and builds new flats for future generations. This is the only way to recycle the land, to ensure all our descendants can buy new BTO...
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