Ng Kok Lim rebuts Halimah Yacob’s assertion that Singapore workers can afford more
Dear Madam Halimah, I refer to your comments in parliament as reported by Straits Times on 4 Mar 2010. Despite the 'puzzling' decrease in Singapore's gross wages from 2006 to 2009 as you have pointed out, the ball part figure is largely correct so the picture of relative income vis-a-vis other countries is still valid. ...
No empirical evidence to suggest that public housing in Singapore is affordable by any standard
Dear Prof Yu and Prof Tu, I refer to the commentary you wrote for Straits Times that was published on 27 Feb 2010. Dominance of public housing in Singapore You first pointed out that the HDB is the dominant housing provider in Singapore, accounting for 82% of the population's homes. This in turn makes Singapore unique compared...
New measures won’t help market bloom
I refer to the letter by Mr Jayaraman dated 23 Feb 2010. He described the current market as being in a state of depression since 1997 as though 1997 represents the year of normalcy we should benchmark ourselves against. But 1997 is no ordinary year. It is the year when over-exuberance boiled over and led to the bursting...
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