More than 90% of households cannot buy flat with $1000 monthly income
I refer to the comments made by Tharman Shanmugaratnam that a family with income as low as $1,000 can purchase a flat, and the subsequent clarification by Tan Chuan Jin that it is possible to pay off over 30 years for a $100,000 2-room flat with the CPF housing grant and Additional Housing Grant. It is misleading to quote...
Blimey, the govt is still talking about affordable housing
Tan Chuan Jin ‘said that his ministry tracks “very closely” the incomes of Singaporeans, to make sure that HDB flats are priced and subsidised so they’re affordable at different income levels.’ What is the govt’s definition of affordable housing? Two pay checks and 30 years to pay the mortgage. Right? Affordable...
Height Of Stupidity
When Minister of State Tan Chuan-Jin started off his Facebook mathematical treatise of financing a $100k asset purchase on a $1,000 per month income with "Tears were shed by some, who lamented about the ability to buy flats for their parents in the future," he was obviously taking a jibe at Gerald Giam, who teared when contemplating...
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