It is just both sad and funny to read that PAP ministers were calling Mikhy Farrera Brochez a “pathological liar”. Let’s take a look at how much we can trust our PAP ministers.
1. PAP ministers made no qualms about showing “utmost love and respect” for Lee Kuan Yew (LKY), to the extent of building a 5-acre gigantic Founders’ Memorial Park, even though LKY had repeatedly stressed that he did not want to be worshipped like a cult leader. However, despite all the “utmost love and respect” for LKY, his dying will to demolish his own private house was blatantly ignored, with a secret government committee set up to ensure Lee Hsien Yang (LHY) and Lee Wei Ling (LWL) could not carry out his last wishes to demolish the house.
In the process, LWL pointed out Lee Hsien Loong (LHL) might have lied in his statutory declaration. There were never any follow-up explanations nor investigations made concerning this matter.
2. From 1980s to 2017, PAP ministers had asked the Singaporeans to embrace the Asset Enhancement Programme. They told Singaporeans that votes were traceable to flats and flats with high PAP vote shares would be prioritised in the upgrading programme with promises of increased asset values. PAP ministers assured that “HDB flats will never fall in value” and people were “daft” to reject such a lucrative house-ownership programme. After receiving more than 40 years of support at the voting booths and with no further old HDB flats to upgrade, they decided to pull the plug and informed Singaporeans that HDB flats will indeed become worthless at the end of their 99-year leases.
With the coming elections, LHL decided that the government would have a VERS programme to re-upgrade the flats at 60 years old and buy back these flats at 70 years old, with details to be revealed 10 years later. However, conservative estimates show that the government needs to pay up to $3 billion every year to buy-back the flats if each HDB flat is compensated with an average of $250,000, which is hardly enough to buy another HDB flat. It does not take an idiot to realise that this is not sustainable to spend $3 billion every year to buy-back old flats that would eventually be worthless.
In the meantime, a significant number of Singaporeans had already poured their entire life savings and CPFs into buying their dream HDB flats.......welcome to a whole new nightmare.
More at https://tinyurI.com/y6e54gnt
1. PAP ministers made no qualms about showing “utmost love and respect” for Lee Kuan Yew (LKY), to the extent of building a 5-acre gigantic Founders’ Memorial Park, even though LKY had repeatedly stressed that he did not want to be worshipped like a cult leader. However, despite all the “utmost love and respect” for LKY, his dying will to demolish his own private house was blatantly ignored, with a secret government committee set up to ensure Lee Hsien Yang (LHY) and Lee Wei Ling (LWL) could not carry out his last wishes to demolish the house.
In the process, LWL pointed out Lee Hsien Loong (LHL) might have lied in his statutory declaration. There were never any follow-up explanations nor investigations made concerning this matter.
2. From 1980s to 2017, PAP ministers had asked the Singaporeans to embrace the Asset Enhancement Programme. They told Singaporeans that votes were traceable to flats and flats with high PAP vote shares would be prioritised in the upgrading programme with promises of increased asset values. PAP ministers assured that “HDB flats will never fall in value” and people were “daft” to reject such a lucrative house-ownership programme. After receiving more than 40 years of support at the voting booths and with no further old HDB flats to upgrade, they decided to pull the plug and informed Singaporeans that HDB flats will indeed become worthless at the end of their 99-year leases.
With the coming elections, LHL decided that the government would have a VERS programme to re-upgrade the flats at 60 years old and buy back these flats at 70 years old, with details to be revealed 10 years later. However, conservative estimates show that the government needs to pay up to $3 billion every year to buy-back the flats if each HDB flat is compensated with an average of $250,000, which is hardly enough to buy another HDB flat. It does not take an idiot to realise that this is not sustainable to spend $3 billion every year to buy-back old flats that would eventually be worthless.
In the meantime, a significant number of Singaporeans had already poured their entire life savings and CPFs into buying their dream HDB flats.......welcome to a whole new nightmare.
More at https://tinyurI.com/y6e54gnt
