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...
Why is it that there seems to have so many ‘negative articles’ about Malaysia in the media?
I refer to the article “Malaysian government’s first 100 days: Big moves buy leaders some time, but euphoria won’t last” (Straits Times, Aug 17). It states that “This is especially as his approval rating sits at 71 per cent, according to the latest survey by the Merdeka Centre pollster that was released on Wednesday,...
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