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Controlling property price goes against the interest of PAP. This is not CCCP, they don't work for the people, the people work for them. :biggrin:

Sorry lor, the joke is "without massive import of foreign talent, local talents will leave Singapore". Just like NS is a privilege for locals, raising GST is to help the poor.

The new ONE Pass is a red herring. While everyone is focused on it, PAP quietly also increase normal EP to 5 years. When people ask about this, they'll simply reply "but it is $30k, not many people earned $30K"; successfully deflecting all attention on normal EP. Singapore are fucked. Really.

Our MP says that without competition from foreign talent, Singapore talents will leave Singapore woh.

Normal EP pass validity is also extended to 5 years. No sure why they need the new ONE Pass, from what is listed, it seems EP is the better option. Not only did PAP opened the floodgate, they removed the surrounding barriers as well. Huat Ah! Singaporeans hong kan liow.

You mean we there are no local bank managers here that we need to hire from China??! Singaporeans are so fucked.

Don't worry, they have free English tuition in Singapore churches :roflmao: My colleagues told me that they see a lot more Chinese kids in Children's Sunday school with almost all, barely able to speak in English. They cannot even tell the teachers they need to pee. The parents, instead of...

In Shanghai, prime district condominium with 50/70 years lease are going for less than RMB$500k. Mind you that unlike Singapore, China automatically extends its leasehold at the end of the term.

Gov controlling supply of homes to jack up property prices; therefore indirectly locking in more CPF forever. Look at those HDB built in 1970s, all calling 20% higher than last transacted price when they should be depreciating 20% (based on HDB's own stats/ projection in 2019). The silence from...

Maybe when we get some transparency on how GIC/ Temasek operates, we may truly understand how HDB calculates cost/ losses. Ask your construction friend, you'll realised that true cost of building a HDB 5-room unit is less than $50k.

In short, price has risen to a point where it makes more financial sense to rent, than buy.

Simple Math for financial planning Real cost of buying = Cash upfront * 2.5% (CPF interest you could have earned) + Mortgage interest (you need to payable) + Principle divided by number of years of lease (depreciation) If rent is greater than real cost of buying, rent. If rent is lower than...

actually, if PAP had not been spending billions to prop up SGD, you will be paying over $10 per litre

Smart boy! If he buys a HDB at today's price of $600k for a mature HDB with less than 50 years to go, he loses $2.5k every month ($1.5k interest and $1k principle). He is definitely better off renting.

Bullshit https://www.zillow.com/homedetails/251-Harold-Ave-San-Francisco-CA-94112/15188056_zpid/ https://www.zillow.com/homedetails/631-29th-Ave-San-Francisco-CA-94121/2096310008_zpid/

Common sense tells you that is impossible when land belongs to the Gov. The only cost involved is building cost and there is no way HDB is making losses selling at these prices even if they heavily inflate all other indirect costs.

Colonial era buildings are definitely better built. The irons, bricks and even cement are stronger than what is used today. The building materials we used today are far cheaper but of lesser quality. You can hardly find cracks/ leakage in old colonial era buildings but they can be easily found...

iPhone allows you to send a GPS location. SOS calls only in US and Canada. Huawei allows you to not only send a Beidou location but also exchange SMS anywhere in the world. GPS can only tracks your latitude and longitude. Beidou tracks longtitude, lattitude AND altitude.

2021 HDB pricing index HDB pricing index is at its highest. In 2021, they say it is more affordable then than 10 years ago but just playing with words. It is more affordable than 10 years ago but still unaffordable, it was just ridiculously unaffordable 10 years ago and at present.

Bullshit.. cost of building a HDB flat is less than $100k. They are making heavy losses "from market price" not cost.