"Hi, we need more people like you.
It is very hard or may I said "daft"---MM lee to be an opposition. But like I always tell my Friend, sit down and blame the government and worst I don;t want my opposition to lower my property price! What a Singaporean we have become!
let me share my thoughts on HDB price.
The PAP had to restore to property to finance our retirement or may I said pension.
Very sad, they know we have used up 60% of the CPF in Housing, most people left with 20 to 30% for CPF life and the rest is in Medisave.
If they don;t not let this 60% of eggs appreciate over times, we are all in trouble as inflation creeps in.
We are in Deflation after the 1996 housing bubble until PAP started to use the FR to fill up the demands. the problems are same as Japan.
a. Birthrate 1.2
b. population aging
c. housing stagnant 1997 to 2004
d. Competitive age loss to China and India
Use the FT large influx never mind about the discomfort and subsequent social issues.
They achieve it, 5 million in 10 years. tell me which country can grow their population 20% in ten years.
Cheap FT everwhere, demand for house is up, economy will growth and when 2020 to 2030 come, the baby boomers can collect their pension,CPF or sell their house to the new wave of FT to turn to Singaporean.
Problems solve for the next 10 to 20n years.
IF not from the netcitizen- they will continue to growth until 6.5 million in 2020. that;s their plan.
Now people complaining , slow down a bit and once election over, they will continue.
So, HDB will never dropped their price because, they can collect more money from the new Singaporean or young Singaporean and once the old Singaporean sell their old mature estate house, they can fetch a good price and got money to retire.
So, Using property to fund the immediate 10 to 20 years pension needs of the old Singaporean!
Who is going to pay for it? Young Singaporean or FT
who had converted to Singaporean and buying HDB.
Thats is it. I hope my children is not gong to pay for it.
We need just another crisis to test the resolve of new Singaporean and see how HDB is going to keep rising price.
Look at the COE, if not from the change in formula
COE cannot going for about 50K. the agent already said last month it will go up!.
PAP solution is using money as the best way to solve problems. Market forces with them controlling the supply.
Pls I dont pay millions to them to tell me that I need to pay 50K for COE or price is Ok in housing.
Now if you vote for them in next election. they will do something to the HDB. Once you sell your house, they lock up the profits and you can only use it if the minimum sum and medisave are topped up to the ever uprising targets. I suspect it will hit 200k and 50K in 10 years time respectively.
After election is the payback time.
What happen to our CPF----no eyes to see"
Like i said~~ We are going to experience hardship and problems identical to Japan in the next 10 years~~