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I hope my understanding is correct. In a Lease Buyback, people take the $20k bonus, if they outlive the lease, the problem become the govt's; if they under-live the lease, their children get the refund. They can also return the flat prematurely and get a pro-rated refund. In other words, people...

I certainly think it is a hopeless scheme. I don't think the writer agrees. Can show me which paragraph? If the takeup rate for 3-room at 55 is low, the takeup rate for 4-room at 65 will be lower. That's why I think the MND is manipulating retirees to go for studio apartments. The biggest...

http://www.theonlinecitizen.com/2014/08/will-the-lease-buyback-scheme-increase-intergenerational-inequality/ The article, with inaccuracies, is actually a catalyst to solving the CPF issues. The writer is assuming that: - an HDB flat will continue to appreciate in value even when the index...

OK. Downgrade to studio apartments is also entitled to $20k cash bonus. But all my questions still remains, especially if the eligible age will be kept at 55 in years to come, especially the few years wait for the BTO flat to be ready which means the monetisation/cash bonus starts closer to 60...

Where is the promise to make monetisation more convenient? Where? Just hours before the ND Rally speech, the PAP was still saying it will make monetisation more convenient for retirees. Instead, the PAP quietly amended the eligibility age for lease buyback and right-sizing from 55 to 65. Some...

Can we take a loan to pay rentals? Why people are so stupid to spend so much renovating rental flats? Can we sell away rental flats on behalf of the landlord? The question is ownership vs non-ownership. If you still insist that we are leasing, perhaps the entire sales proceeds should go to...

This must be the best leasing scheme in the world. A Singaporean pays $20,000 to lease a 4-room flat in 1977 for 99 years. After, staying in it for 35 years, he can sell it for $400,000, making a profit of $380,000. So I wonder who is the one propagating the lie...and a very stupid one...

We have the highest per capita GDP in the world. We also have the highest savings rate in the world. Obviously there is something not right. There is a host of problems. Housing is one of them. There is more than 90% home-ownership and huge amount of CPF money is invested. So it affects...

http://www.therealsingapore.com/content/dear-pm-lee-please-dont-don%E2%80%99t-make-me-sell-my-hdb-where-my-memories-are Did TRS - a website run by an Opposition party supporters - fake this story? Clue 1. Lease-Buyback is not forced on anybody Clue 2. She has 3 fine children Clue 3. She...

The reason we are allowed to buy HDB flats using CPF money is because they are treated as investments. Some people may want to realise their profits at 55. There is nothing wrong with that. An asset is not an investment if you don't take profits. Many experts talked about HDB flats as good...

duplicate post.

"Experts Worried About Retirees Squandering CPF monies" 1. The new proposal allows retirees to withdraw up to 20% in a lumpsum at 65. It is a cosmetic scheme. The MSM is trying to make the scheme look material by saying experts worry about retirees squandering their CPF monies. If you can...

You wayang people like to repeat a lie. Just go read Gerard Giam's blog. He cannot be taken seriously.

I have been quite positive about monetisation of HDB flats...until the government amended the eligibility age to 65 on 17 Aug 2014. (please visit the HDB website) Just before the ND Rally speech on 17 Aug 2014, the eligibility age was at 55. I am positive of such a scheme because I thought...

Re: LHL says: Old people ask me not to return their CPF.Laughter and applause for pea 1. What is the main issue? The issue is deprivation of CPF money, especially between 55~65, not impoverishment of CPF. We have a whopping $260 billion NET balance in CPF and the figure is growing each year...

If housing is an investment, then you should unwind your investment (CPF) in order to spend during your retirement years. If you want to bequeath your investment (CPF), it means there is someone to take care of you. Then you should not ask for handouts in the name that CPF is not enough...

1. Population increase - why did it happen? Because of the crises, our economy and reserves were very badly hit. So the government attempted to change the direction of the economy. It harangued Singaporeans about the merits of higher value-added industries. Everyday we were bombarded with...

Did it ever occur to TOC that: - it is the retirees themselves that are dying to do so? - it is voluntary? - home-ownership of 90% is not the norm in this world? - CPF money is retirement money meant to be spent - within one's lifetime? - even the smallest element of bequest is nonsense...

Poor guys. The WP has abandoned both of them. kee kee koo kee kee. All of Delson Moo's write-ups on WP since after Lilian won PEBE have been removed from the internet.