Thought of the Day – Never Populist, No Longer Lone Voice Again

I was having a discussion over the Asset Enhancement Scam and all the issues involving HDB in my High School Whatsapp group and one of my friends wrote that I should not harp on the truth of HDB lease ownership and by reading the comments on social media, see what they want and sing their tune to get their support.

I paused for a while and I replied, I have NEVER been populist in my approach and most of the time, I turn people living in fantasies and myths into reality.

Unlike some politicians who would be that opportunistic and even agree with a BAD policy like Asset Enhancement Scam just because popular opinion of GREED was in support of it due to short sightedness, I chose to walk the less chosen path of going against the grains of popular opinion.

I would call a spade a spade, nothing else.

Asset Enhancement Scheme is a scam and it is important to make the point that you don’t own any asset when you buy HDB LONG TERM TENANCY agreement because…

1) You don’t even own the HDB flat as a property nor the land, what “assets” are you talking about?

2) In all normal TENANCY agreement, it is the responsibility of Landlord to do major maintenance and upgrading, so why are Singaporeans asked to pay for upgrading?

3) It is total Bullshit to say “GOV subsidize” your upgrading but the reverse is true, Singaporeans are subsidizing the GOV in upgrading!

4) You may think you would gain great “profits” when HDB prices are pushed up but at whose cost? At the cost of the buyer of your HDB PLUS the cost of higher HDB prices for your children and grandchildren!

5) Who are the ultimate Gainers from high HDB prices? SLA via higher land sales, HDB via more interests earned from loans and as the monopoly supplier of HDB flats and banks that make mortgage loans!

That’s the reality of Asset Enhancement Scam.

I was the lone voice in the past fighting against HDB policy but not anymore. Glad that many have awaken.

I am so happy to read many other Singaporeans are speaking up about the Truth of HDB “Ownership”, against the PAP’s misleading narrative which is built on a total lie.

All scams are built upon ignorance and GREED of the victims, that’s why scamming lies could become some sweet tunes to these unsuspecting people.

It is my mission to exposed the bad scam of Asset Enhancement Scheme because it would be disastrous to our future generations for it to continue.

I am not against HDB as a PUBLIC HOUSING and I am even okay with the fact that there is no REAL OWNERSHIP of assets but just a prepaid long term lease of tenancy.

But I am against PAP political sophistry to turn HDB into an evil weapon of mass destruction of Singaporeans CPF retirement financing plan just for its own political self interests.

It is a total oxymoron idea to pursue a policy that will inflat HDB prices forever when the main aim of Public Housing is affordable housing for all Singaporeans!

The reason why I was so pissed off with MBT back in GE2011 was that he kept claiming HDB is “affordable” despite the fact that majority of new generation Singaporeans were made to pay more than 25% of their salaries for 30 years mortgage and yet he still claimed it is affordable! The direct consequence is, they will have less than 11% of savings in CPF for retirement funding! Any financial planner would tell you that this is definitely not enough for middle lower income earners!

Moreover, after paying their 30 years mortgage, they will find themselves stuck with a depreciating HDB value with totally insufficient CPF for retirement!

It is a huge time bomb of massive destruction in the making, all because of PAP’s manipulative moves in hoodwinking Singaporeans into believing this Asset Enhancement scam.

It always pains me when I read ignorant young couples forking out huge amount of money up to a million to buy a HDB lease of tenancy which s less than 80 years! We have to continue fight the PAP evil propaganda of HDB flats is an asset that will appreciate forever in order to drill it down to Singaporeans, it is nothing more than a paper that let you live in that flat for a time frame.

Singaporeans should change their mindset about HDB as investment. It is just public housing. All public housing are literally OWNED BY GOVERNMENT and they should be misguided and misled by PAP that they could use it to earn huge profits. It is your home, not an investment.

And as public housing, it should priced as such, Cost Plus, instead of “market price”. Only then, we could normalize and stabilize housing cost to all Singaporeans.

I hope that more and more people will have solid grasp of these HDB issues and help to spread the words so that we could build the Right social cultural mindset towards HDB as public housing.


Goh Meng Seng



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14 Responses to “Thought of the Day – Never Populist, No Longer Lone Voice Again”

  • Angry Rooster:

    What craps. Let them have it!

    It always pains me when I read ignorant young couples forking out huge amount of money up to a million to buy a HDB lease of tenancy which s less than 80 years! – GMS

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  • GBS spoke up:

    It is comforting to see GBS spoke up as a responsible opposition n I hope he would catalyze all other political parties to engage in more research n spend more time analyzing, thinking, n researching, consulting humbly the local experts on various nepotic self gratifying n self glorification policies wrapped up in half truths which would appear to the masses like a plasticized apples to hoodwink unsuspecting n not knowlegeable masses to be of premier quality.

    To take for example the CPF-medical scam (medisave, medilife etc) scam n the ever so often one when paying medical bill often hears words like ‘u pay $2 n the rest will be claimed from medisave depending on how much you r entitled to giving the impression medisave is govt subsidies n grove has to evaluate the amt you are entitled to be subsidized n not from the patient mandatory cpf contribution n it is in fact the patient own monies. In a more responsible democracy where human rights r constitutional n not according to the whimses n desire of the ruling party, such misleading info would be charged as a criminal offence. So if oppostion party can examine the cpf – medic scam esp on who is the main beneficiary of medilife n according to some netizens, it is a shrewd n evil mean of siphoning off the cpf seemingly good to the subscribers but really as pap evil solution to the kpkb of cpf esp Roy who sounds the alarm of cpf n what could have happened which landed him in a defamation suit without Singaporeans being any wiser about cpf n its fate. Legal experts commented that if the defamation suit is classified as a case citizen vs pm, then pm has to reveal it all to prove his case since defamation relates to pm n not any ordinary citizen but it seemed that this is not considered by the Court as such n the real truth remained opaque.

    So GBS, leave out all the self glorifying words n get right to the point in future. We look forward to jhear a concerted effort of all political parties sine PAP of any such hood winking scam beginning with the cpf medical issues to clear the myth. Two years to next GE should be sufficient if all political parties seriously cooperate in the Operation Unfolding Scams (OUS). Dont let the very senior wait too long as they r anxiously waiting Singapore boots out Nepotism or Dynasty scum 败类 ?before they bid bye bye.

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  • MarBowling:

    Btw where the hell is that MF shortarse bugger Marbok Tan now? Last time we heard of him upon stepping down as a Minister was that he has invested peanuts amount of about $28 millions from his vast fortunes in a land development company and also a finance company. Already has So many $millions or maybe $billions inside his piggy bank, still greedy for money and more money.

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  • Who's watching them?:

    Every scheme that once worked well for sgs has now turned into a legalised scam.
    Sgs are suffering as a result.
    Too many hands in the pie!

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  • Bapak:

    HDB is indeed a time bomb awaiting the right time to explode in the face of all these “enhancement scheme” supporters. All tgese supporters will go bang their own balls & PAP is the one laughing all the way to many banks.

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  • The Power of Myth:

    Isn’t LKY the father of our evolved Crony Capitalism?: where public institutions must be transmuted into profit raking organisations: HDB, MOH etc.? Wasn’t there a schism within the ranks of the ORIGINAL PAP LEADERSHIP in the early 80s when LKY insisted on transforming elected political leaders into concurrent business CEOs?

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  • LIONS:

    Greed is the WORD.
    PAP will never stop collecting more money.
    The more votes he gets,the more $ he collects.

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  • Bobo:

    Btw where the hell is that MF shortarse bugger Marbok Tan now? Last time we heard of him upon stepping down as a Minister was that he has invested peanuts amount of about $28 millions from his vast fortunes in a land development company and also a finance company. Already has So many $millions or maybe $billions inside his piggy bank, still greedy for money and more money.

    Can’t help lol. The million$ surrendered by all the PLPs who worship our million$ civil servants like god and angels. Guess PAP has been very successful in taming Singaporeans to become submissive, endurable and forgivable (forgetful).

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  • RDB:

    Woe betide the scammers and liars. A hell awaits them after this life. No? Why then there is conscience only in human minds?

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  • capitalize on the opportunitie:

    //Every scheme that once worked well for sgs has now turned into a legalised scam.//

    hahaha. perhaps the captive market (daft sinkies) is too good for the white idiots not to “capitalize” on the opportunities.

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  • a house (roof) is a basic:

    //Singaporeans should change their mindset about HDB as investment//

    a house (roof) is a basic while any space (additional unit or space) is an investment.

    these two elements (basic need vs investment) need rules to control strictly and carefully as free market will outprice those whose income (over a long period for most average income earners) cannot catch up with growing prices (lots of greedy interested parties will want to see this happening) or bear the collapse (underwater mortgage).

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  • patriot of TUMASIK:

    One of your rare quality contributions Mr Goh

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  • Scam CPF shields?:

    Roy has disturbed the CPF wasp nest. Wasps sting rebuilding their nest. A Netizen warned laundering via shields. Evidence of payout to the old man having his teary fixed. Another wasp nest. Time Goh, Leong, Kim n Roy get together to publicly unscam the shields scam n laundering processes. Its time to sandwitch the filth by the nonplp enemies n nepotic enemies to rid the pimping and prostituting once n for all from this once a peaceful harmonious island now rule by advocating n exorting greed, thieving n aggressiveness including dropouts n gangsterism aided along by the plp media.

    An island of hardworking honest pioneers degenerated to v4 fakes greedy thieving aggressive scammers. BTO is the ONLY solution. The arrogance n incomparable pigs n dogs two legged scums finally cannot hide their ugly true selves that conflit of interest hitting conflict of interest, liars telling n accusing the honest not to lie, the fakes calling the genuine fake. Singaporeans r u willing to allow pimps n prostitutes to run wiild while the patch n patch so that u have to pay n pay. Wise up fellows. Talents don’t have to bootlick, brownose n polanpa. Only cons with no real things in them succumbed to bootlick, brownose n polanpa. Remember the swindling elderly prc tour guide. Birds of the same feather see good only if the other has the same feather. How long it takes to lasso the prc pailei ( scumbag)n how is he punished. should be be fresh in the momories of Singaporeans.

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  • big enough attention:

    //Roy has disturbed the CPF wasp nest. Wasps sting rebuilding their nest.//

    the reason why Roy and HHH got to be dealt with. both (being so young) are capable to galvanize and organize the kind of crowd and influence that command the attention of many adults – that is what the white idiots are ‘afraid’ of – people who are able to command the kind of big enough attention which will pose competition (aka ‘threats’) to their own white idiotic ‘invincibility’.

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