- Joined
- Dec 30, 2010
- Messages
- 12,730
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- 113
Contrary to a flawed survey commissioned by the Ministry of Manpower, housing choices alone will not ensure that Singaporeans have enough CPF savings for retirement.
Firstly, the survey, which was performed by two academics, assumed that housing prices would remain relatively stable. The PAP government so far has shown neither the political will nor the motivation to ensure that this is achieved. There remains a huge demand-supply imbalance that is forcing HDB prices upwards.
Secondly.................
- http://www.sgpolitics.net/?p=7846
It doesn’t matter whether the decisions are based on sound numbers and good statistics. What matters is that the government alone decides, and the people have no choice but to accept it, because the law dictates that they must save for retirement in their CPF account, and thereafter invest their CPF in a compulsory annuity scheme run by the government. There is no choice for Singaporeans.
Firstly, the survey, which was performed by two academics, assumed that housing prices would remain relatively stable. The PAP government so far has shown neither the political will nor the motivation to ensure that this is achieved. There remains a huge demand-supply imbalance that is forcing HDB prices upwards.
Secondly.................
- http://www.sgpolitics.net/?p=7846
It doesn’t matter whether the decisions are based on sound numbers and good statistics. What matters is that the government alone decides, and the people have no choice but to accept it, because the law dictates that they must save for retirement in their CPF account, and thereafter invest their CPF in a compulsory annuity scheme run by the government. There is no choice for Singaporeans.