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TR EMERITUS

The Voice Of The Lunatic Fringe

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Archive for the ‘Policies’ Category

The S$894,000 flat insanity

Yahoo! News reported on 17 March 2012 that a Toa Payoh 3 year old 5-room flat was sold for a whopping S$894,000! A few clicks of the mouse on HDB’s website enabled me to come up with the approximate loan figure the buyer has to service. Price of flat = S$894,000 Max loan = 90% if HDB loan (interest fixed...

TRE readers, what do you think?

I thank TR Emeritus for publishing my first article urging aspiring and capable Singaporeans to form viable parties to fill the vacuum of proper governance. Long ago in Singapore, the first generation of leaders from PAP such as Lim Kim San, Toh Chin Chye, Goh Keng Swee and many other were busy at problems of feeding the population...

Counter proposal to Tharman: Use $1.1 billion bus package to buy back SBS

Dear Mr Tharman, I refer to paragraph 109 of your Budget 2012 round up speech [1] on the $1.1 billion government package to buy and operate 550 new buses. A check on the SGX website on 17 Mar 2012 showed that SBS shares last transacted at $1.71. Since there are currently 308,629,766 SBS shares issued [2], the current SBS market...

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