Another PAP Scam: VERS

[Loofydralb]

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.

 

[True Believer]

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.

 

[laksaboy]

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?

 

[k1976]

Must make sure All-Fair-Fair mah

 

[k1976]

Pls always Leemember…only Hardlanders live in Slumpland Pigeon Holes

 

[jsctan]

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.

 

[laksaboy]

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.

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.

 

[jsctan]

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?

So tired with them always coming up with new schemes. Life is not better.

 

[True Believer]

So tired with them always coming up with new schemes. Life is not better.

The schemes of the PAP are designed to extract as much
money from S'poreans as possible to satisfy their greed.

 

[True Believer]

So tired with them always coming up with new schemes. Life is not better.

Life is better for the PAP.

 

[True Believer]

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.

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.

 

[jsctan]

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.

Correct for you. Land belongs to the people.....
People elected them to do good for the people.

 

[True Believer]

Correct for you. Land belongs to the people.....People elected them to do good for the people.

The PAP believes that SG land belongs to the highest bidder which includes ultra rich foreigners fast tracked to a pink IC.

 

[ftan42]

can easily repay one shot the national debt of abt 170% of GDP