From a reader. 

Dear Singaporeans,

As Singaporeans lament rising flat prices, he said they ought to understand that the Government sells them at a subsidised price, below market rate, so that they can own an asset that will appreciate in value over the years.

It adds to their wealth and this is an asset-enhancing policy Mr Lee believes citizens should not find fault with.

If they do, they must be ‘daft’, he said, at a dialogue during a housing conference as part of a series of events to mark the Housing and Development Board’s 50th anniversary.

And if National Development Minister Mah Bow Tan is unable to defend this policy, ‘he deserves to lose’ at the next general election, he quipped, to laughter from the participants, including a chuckling Mr Mah.

But if Mr Mah loses to the opposition, he warned that Singaporeans better sell their flats fast as they would no longer be of any value.

 

Lee Kuan Yew is at it trying to cheat you again with these nice sweetie words: subsidised price, below market rate, an asset that will appreciate in value over the years.  Mr Liar, Lee Kuan Yew, please produce some statistics.

1) What is the selling price of new flats sold during the period 1994 to 1999? (Use this 5-year period only for discussion.)

2) What is the current valuation price of these flats now?

3) Please explain why there is a big drop in the current valuation price compared to the selling price?

4) Will the big drop in value explain these sweetie words: subsidized price, below market rate and appreciating asset?

5) You can go on to churn out false statistics. However, the owners of these flats know you have cheated them several hundreds of thousands dollars from the higher over-price flats.

Comments

We help ourselves. Don’t expect others to help

Tom Wright painted a bleak picture of Singapore’s property sector going forward at The Wall Street Journal. His article ended with the following:
“I’m yet to see the light at the end of the tunnel [for Singapore],” says Mr. Tan, the high-end broker.
We would expect people to continue to dig the dirt and tell it to [...]



Our skin isn’t as thick as it should be

The Institute of Policy Studies (IPS) organised a seminar on March 4 to discuss Singapore’s political blogosphere.  Tan Tarn How, Senior Research Fellow and Research Assistant Tan Simin presented their paper on trends observed in the blogosphere.  As reported in the TOC, the researchers identified the following limitations:

The online-offline firewall, while somewhat alleviated by offline [...]



Singapore and Lee Kuan Yew – The answer to the African problem?

Recently, I followed a thread “Democracy and Economic Growth” which started in PoliticsForum.org.   Apparently, members there often question the role of democracy in a developing nation. “During the wave of democratization in Africa during the 90s, many people had renewed hope for the continent, immediately equating newly established democracies to economic growth. Are these democracies [...]



Tell Singapore government: Ask them a question or give a suggestion

We informed people about the “Tell Singapore Government” subsite and have received some interesting reaction at some forums.
See: 3in1 Kopitiam, Sam’s Alfresco Coffee, Singapore Kopitiam, SgForums
Our responses to some of the comments are listed below. If we are not answering some other specific questions, that is because we do not know how.
 
1. If you want [...]

Petitions

• 
• 
• 
• 
• 
• 

I don’t know

Our Singapore

As seen by people

• 
  

• Purpose

To observe, analyse, present our position, and call for action. Read our articles, give your views, and learn together with us.