The Tuaspring tender
Someone shared this article which provides more details about the Tuaspring tender. This was the project that Hyflux won and it became the project that caused Hyflux to get into big financial problems. It appears that the Tuaspring tender put out by the Public Utilities Board only asked for the desalination plant. It was...
PAP propping up prices of older resale HDB flats before GE2019
In 2013, PAP drastically reduced the amount of CPF usage for HDB flats with less than 60 years’ lease. The reason: Too much CPF has been used to finance housing. Prices have collapsed and transactions reduced to a trickle. Retirees who had counted on PAP’s asset enhancement scheme to fund their golden years are all nursing...
Liberalise CPF to buy HDB flats
The liberalisation of CPF to enable elderly people to buy older flats that was recently announced in Parliament by Lawrence Wong. In my opinion, this is a most irresponsible and despicable policy. It is suicidal to say the least. To begin with, old people do not have many more economically productive years left in them. When...
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