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TR EMERITUS

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Archive for the ‘Society’ Category

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...

The story of Mr. Lim Kee Khoon

My wife and I were shocked when we heard of Mr Lim Kee Khoon’s story from a friend. I just spent the morning with him at Henderson Hawker Centre, where he has been sleeping rough for over 2 months, to get his story first hand and sharing a tasty pork rib soup, which he very much appreciated, and I am now sharing his story...

When a Cabinet Minister has to play with words, you know that ‘HDB flat owners’ are in trouble.

I refer to Finance Minister Heng Swee Keat’s claims that lease decaying does not mean that HDB flats will have zero value even when the owner is 85 years of age. When a Senior Cabinet Minister has to play with words to reassure unthinking Singaporeans, you know that "HDB flat owners" are in trouble. With lease decay speeding...

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