• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

Another PAP Scam: VERS

L

Loofydralb

Alfrescian
Loyal
Joined
Aug 6, 2008
Messages
17,103
Points
113
https://www.channelnewsasia.com/sin...ely-affect-seniors-more-chee-hong-tat-5365576

For a very long time, PAP has been cracking their brains on how to resolve the 99 year leasehold issue upon the hdb properties.

The above in one swoop scammed leaseholders and effectively changed their leases from 99 to 70 years.

There are other shenanigans that PAP has implemented silently that will bite the unwary soon. I shall not pound on those.

Truly sinkies deserve who they voted for.
 
Under VERS, homeowners will vote on whether to sell their HDB flats to the govt for redevelopment. If the vote passes, the government will buy back the pigeon holes. The compensation package for VERS is less generous than for SERS, as the flats will have shorter remaining leases.
 
Vaginas Enjoy Rough Sex?

Life is more peaceful when you stop giving a damn about the countless schemes and scams, and absolutely cringe acronyms, concocted by the PAP regime. COE prices? Medisave topups? New fancyname vouchers/credits? Who cares? :rolleyes:
 
Pls always Leemember…only Hardlanders live in Slumpland Pigeon Holes
 
Ever since HDB built by citizens funding for the citizens becomes a speculative instrument for PR to play the market, public housing is already a scam.
 
jsctan said:
Ever since HDB built by citizens funding for the citizens becomes a speculative instrument for PR to play the market, public housing is already a scam.
Click to expand...

It started during the Goh Chok Tong era. 'Asset enhancement' and the tethering of HDB upgrading to voting for the Lightning Party. :cool:

It's also a way to raise the GDP. The construction of HDB flats can be considered as the 'I' or 'G' component of calculating GDP. :wink:
 
laksaboy said:
Vaginas Enjoy Rough Sex?

Life is more peaceful when you stop giving a damn about the countless schemes and scams, and absolutely cringe acronyms, concocted by the PAP regime. COE prices? Medisave topups? New fancyname vouchers/credits? Who cares? :rolleyes:
Click to expand...
So tired with them always coming up with new schemes. Life is not better.
 
jsctan said:
So tired with them always coming up with new schemes. Life is not better.
Click to expand...
The schemes of the PAP are designed to extract as much
money from S'poreans as possible to satisfy their greed.
Greedy.jpg
 
laksaboy said:
It started during the Goh Chok Tong era. 'Asset enhancement' and the tethering of HDB upgrading to voting for the Lightning Party.
It's also a way to raise the GDP. The construction of HDB flats can be considered as the 'I' or 'G' component of calculating GDP.
Click to expand...
Growing the population in S'pore benefits the PAP, but 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.
 
True Believer said:
Growing the population in S'pore benefits the PAP, but 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 owns by the citizens of Singapore 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.
Click to expand...
Correct for you. Land belongs to the people.....
People elected them to do good for the people.
 
jsctan said:
Correct for you. Land belongs to the people.....People elected them to do good for the people.
Click to expand...
The PAP believes that SG land belongs to the highest bidder which includes ultra rich foreigners fast tracked to a pink IC.
 
can easily repay one shot the national debt of abt 170% of GDP
 
You must log in or register to reply here.

Similar threads

P
Serious Ho Ching - all you lease hold farkers no chance for more goodies from me!
Replies
10
Views
604
Helium
H
P
Serious Ah Wong will improve lives of JLB Sinkies, close the wealth gap! huat Ah!
Replies
1
Views
210
Hightech88
Hightech88
Gutted
No more Sers for older HDB estates for now, but voluntary scheme likely to begin in the 2030s
Replies
2
Views
501
batman1
B
Scrooball (clone)
Chitchat S'poreans unhappy Johor condo they bought confers them 99-year lease status, not ownership
2
Replies
33
Views
2K
congo9
congo9
MyMother
Is It Time for a Change? A Look at Why Some Are Voting Against the Incumbent
2
Replies
25
Views
2K
birdie69
B
Back
Top