Why link CPF to housing?
CPF is a complete failure dressed up as a success story. When you have prices of HDB flats all a very high level, your average working class citizen is left with inadequate amounts for retirement. Whatever remining peanuts are then locked up past 55 on false pretext that retirees will blow up their money on some Batam misadventures...
Foreign & new citizens’ population increased 7 times more than ‘real’ citizens?
Population hits 5.61m I refer to the article “Singapore’s population hits 5.61 million in June, with more births, maids, long-term visit passes” (Straits Times, Sep 27). It states that “On the whole, the citizen population grew by 1 per cent from June 2015 to June 2016. The non-resident population grew by 2.5 per cent...
Downsizing to retire a delusion?
I refer to the article “Using home to fund retirement is a delusion, says former minister” (BBC, Jul 15). Relying on homes for a pension in for shock? It states that “As many as three million people who are planning to rely on their homes for a pension are in for a shock, he said” (the percentage in Singapore may be...
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