How fast will the value of Singapore’s public housing HDB flats drop?
According to the government, under the Lease Buyback Scheme (LBS), if your flat has a value of S$450,000 today, and has 65 years left on your lease, the government would buy back the tail-end last 35 years of your lease based on market value. The government values it at only S$190,000. In other words, by the time your flat...
PAP ministers’ half-truth about recycling land to provide affordable public housing
PAP ministers have repeatedly told Singaporeans that public land will be recycled after 99 years to construct affordable public housing. Unfortunately, they are being economical with the truth. In reality, PAP has been taking back HDB flats – even before the end of the 99-year lease – but did not subsequently construct...
Instead of giving vague statements, why shouldn’t the PAP be more upfront about Ministerial Salaries?
The Singapore government just posted the following on ministerial salaries: "The Prime Minister’s norm salary is set at two times that of an MR4 Minister. His $2.2 million annual salary includes bonuses. The Prime Minister does not receive a Performance Bonus as there is no one to assess his performance annually. He does receive...
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