Kee Chiu: Families earning $1K a mth can afford HDB flat

1000 Singapore money beri beri big in my country Philippines you know!

Pigs can fly !

sleaguepunter said:

$1k monthly salary can buy 2 room hdb flat with monthly cpf contribution but over how many years? After completing the hdb loan repayment, do the lease owner has enough money in his cpf to meet the minimum sum the 55yo?

Unlike other bigger flat owner, the 2 room flat owner don't have option to downgrade to encash the flat and buy a smaller unit.

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Papsmearer said:

Normally, when a minister makes this kind of claims, Shit Times will be tasked with finding people who are in the situation that the minister claims and interviewing them so that their personal story backs up the shit put out by the minister. This is the propaganda MO. I notice in this situation, there has been no such interviews with sinkies who are earning $1000 and have their own flat. Until Kee chiu can show an example, this is all bullshit.

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LEGEND said:

Is this something proud to be included into the list. While our servants are earning millions of dollars, their Masters have to survive with these assistance.

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yeah, why are they not given a well decent wage and not to reliant on all these craps

being able to afford to buy a flat on a $1000 a mth salary is NOT THE SAME AS being able to live on $1000 a month

the logic is FOOking TWISTED

Papsmearer said:

Normally, when a minister makes this kind of claims, Shit Times will be tasked with finding people who are in the situation that the minister claims and interviewing them so that their personal story backs up the shit put out by the minister. This is the propaganda MO. I notice in this situation, there has been no such interviews with sinkies who are earning $1000 and have their own flat. Until Kee chiu can show an example, this is all bullshit.

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Mr Tharman had told Mr Giam in his speech on Thursday to "catch up" with policies already introduced to help Singaporeans own their own homes.

He said: "So I would like to assure Mr Gerald Giam, who might not have caught up with all the developments... that a family with $1,000 income can now, through our housing subsidies, purchase a small flat."

According to media sources, his comments sparked intense debate online.

Mr Khaw pointed out during Friday's Budget debate that Mr Tharman was referring to a two-room flat, which has a subsidised price of about $100,000, if the applicant is a first-timer.

He will also be entitled to housing grants of up to $60,000.

http://news.asiaone.com/News/Latest+News/Singapore/Story/A1Story20120303-331368.html

Vote the PAP out!