
99-year land cost of a $400,000 HDB flat = $2.76 million
HDB prices flats to include construction and land costs. Although land cost is estimated to be 60% of the price, flat buyers – lessees, in fact – do not own the land. Over a period of 99 years, land cost can amount to million$ when ‘accrued interest’ is included. Assuming interest rate to be 2.5%, a CPF member who...

Is our Government the least caring one in the world?
I refer to the articles “Why HDB flat dwellers have the best of both worlds” and “HDB resale market to stabilise with more clarity on older flats” (Sunday Times, Sep 9). My friends said “aiyah, the 2 titles are so obvious – propaganda lah! Heh, are our media paid as much as our Ministers?” I understand that our...

On Xtian Support for 377A
I refer to TOC's editorial Is the PAP government trading gay rights for Christian support? on this issue and couldn't agree more that Church (or religion) and State should be separate or we run the risk of persecution of minorities who do not subscribe to any faiths sanctioned by the government IRO! I was formerly a xiatian...
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