Wednesday, 5 October 2022
Monday, 3 October 2022
The Real Reasons Why The Singapore Government Is Stopping Private Property Owners From Downgrading to Resales Public Housing.
Build to Order Flats (BTO) will only start construction once there is sufficient demand then due to previous bad experience of Mr Mah from excess supply of completed flats. For unoccupied flats after some time, tiles and other finishing apparently tend to spoil easily hence it cost the HDB additional money to make good I was told. Hence building only once there is "confirmed" demand will moderate this.
The income ceiling revision came too late for many of my batch of friends. Some were forced to buy resales flats and some were forced to buy costly private condominiums. The HDB stance then was simple: if you earn above the income ceiling means you are "rich" hence should not ask for public housing. If you still insist on more affordable public housing, then can always get from the resales HDB market instead of a private property. I find this view very bias and silly. Why is it that many people can get new and affordable HDB flats while those who exceeded slightly the income ceiling of S$8K should only get resales and older flats if they plan to be financially prudent instead of splurging on private properties?
The Executive Condominium ("EC") scheme is one of the most hypocritical public housing policies I have ever come across. HDB is supposed to help lower income Singaporeans. If so, why do we need EC scheme in the first place?
Wednesday, 28 September 2022
To sell or hold on to KDC during this bear market will depend on your own outlook and assessment. I will be giving my personal action on KDC here:
Sunday, 25 September 2022
Saturday, 17 September 2022
Tragic Price Crash of Mapletree Industrial Trust From S$2.93 Per Unit to S$2.56 Per Unit- Time To Exit One's Holdings in MIT?
|Past 1 year market price of MIT trending downward|
Wednesday, 14 September 2022
Singapore Medical Group-Directors Made Low Ball General Offer For Privatisation At Only 37 Cents Per Share.
|Shareholders of the private consortium|
|Directors of the current "Company"- SMG|