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Serious Pigeon hole 3rooms selling for SGD1MIL just big big!
- Thread starter Pinkieslut
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Growing the population in S'pore benefits the PAP. When the population increases, it puts pressure on housing and land prices which inflates the value of SG's land reserves. The govt’s financial reserves are estimated to be around $3 trillion, but the land it owns is worth several times that amount. The value of this land increases every time a new HDB record is set. The govt uses the excuse of rising property prices to divert more money from the national budget into housing subsidies, which then flow back into the reserves when land is sold to HDB and private developers. This is done without having to spend money on things that would genuinely improve the lives of S'poreans.
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When the price of pigeon holes in the HDB slums skyrocket,
so do the GCBs that belong to our greedy politicians.
so do the GCBs that belong to our greedy politicians.
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