Getting real on housing, part 1: 99 year leasehold condominiums
Truth 1: A 99 year leasehold condominium will be returned to the government at the end of 99 years, like a HDB flat. Truth 2: The value of a 99 year leasehold condominium will be zero at the end of 99 years, like a HDB flat. Truth 3: A 99 year leasehold condominium is subject to lease depreciation, just like a HDB flat. Truth...
Caution From The Venezuelan Example
I was looking through the news on the internet and this piece of news troubled me greatly. It is about incidents in Venezuela, which has a centrally planned, socialised healthcare system. It was mentioned that patients who opposed the dictatorial Maduro regime were denied healthcare by government doctors. I think that this is...
Irresponsible to allow old people to use CPF savings to buy old 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...
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