- Joined
- Jul 24, 2008
- Messages
- 33,627
- Points
- 0
[h=2]The accursed Singaporeans[/h]
September 7th, 2013 |
Author: Contributions
Types of public housing
Last night’s Channel News Asia talk programme on whether the govt has
alienated the PRs with the recent housing curbs and other measures drew out one
important and very basic issue, ie, a roof over the heads of PRs and citizens.
Having a roof over the head is so basic that it should be provided by any
responsible and thinking govt. There is no need to be a super talent to even
think of this. All the participants, locals and foreigners, agreed that a roof
is a basic need.
And they also agreed on another point. How could the govt brought in so many
people without thinking of the basic infrastructure, especially housing? In
whatever forms, housing is a must. And they too agreed it was due to the inept
policy of not building. And now we have this very serious problem of housing
prices that is going to be a curse to all those with a big housing loan.
In today’s Today paper, the writer, Ku Swee Yong, was talking about buyers
taking up $500k loan for a 5 rm resale HDB flat or a $1.3m loan for an EC as if
it is a monopoly game. A $1.3m loan over 30 years will come to at least $2m in
total payment, just for a few pieces of mortars around a small space. How much
do the bricks and cement, some wirings and fittings cost?
This is a general curse on the Sinkies who were made to buy public housing at
such prices and to pay using a big chunk of their income, and praying that they
would be earning that income for 30 years with both not losing their jobs.
The biggest group that is cursed is those Singaporeans that were barred from
buying public housing through all the spurious reasoning. With private
properties at more than a million, how could they force citizens to buy private
properties and not be allowed to buy public housing that are also not cheap? And
when should citizens be made to buy from resale market like PRs and pay another
few hundred thousands more for the same flat? Any Singaporean that is not
allowed to buy public housing is as good as being cursed when foreigners turned
new citizens could do so.
The govt owes every Singaporean a right, yes the right to buy a public
housing flat. The govt has a case to answer to these Singaporeans who are
disallowed to buy public housing as the problem is caused by under building and
nothing else.
will join this group of cursed citizens very soon. Each with a life span of 80
or 90 years but many would have lost their jobs in their 50s. The only saving
grace is to pawn their HDB flats. But this is only possible if they are not
struck by a serious illness that pawning their HDB flats would not be
enough.
How many oldies can survive 30 or 40 years without a source of income? Even
their HDB flat cannot provide for everything as they still need a roof over
their heads. Would they all end up renting a room from other oldies to live
through their last days?
But that is not all. The escalating cost of living is going to be accompanied
by an escalating medical cost. And this one is more deadly in the sense that no
one will be exempted. They will have to pay, like it or not, fit or unfit. The
only good news is that the govt has said the premium is going to be light on
them. How light and affordable is questionable given that they no longer have an
income and with 30 or more years to live. Many young and able could not survive
without a job for a year.
Cursed are those who have long life in this Sin City. Exceptions will be
those with many properties or with a million dollar pension.
Every oldie should
be worried where to find the money to pay for Medishield Life premiums. No where
to run, no where to hide. Beh Si premium scheme, is a payment that the oldies
will have to pay for being alive. They are so lucky to have such a caring
govt.
Chua Chin Leng aka
redbean
* The writer blogs at http://mysingaporenews.blogspot.com.
Types of public housing
Last night’s Channel News Asia talk programme on whether the govt has
alienated the PRs with the recent housing curbs and other measures drew out one
important and very basic issue, ie, a roof over the heads of PRs and citizens.
Having a roof over the head is so basic that it should be provided by any
responsible and thinking govt. There is no need to be a super talent to even
think of this. All the participants, locals and foreigners, agreed that a roof
is a basic need.
And they also agreed on another point. How could the govt brought in so many
people without thinking of the basic infrastructure, especially housing? In
whatever forms, housing is a must. And they too agreed it was due to the inept
policy of not building. And now we have this very serious problem of housing
prices that is going to be a curse to all those with a big housing loan.
In today’s Today paper, the writer, Ku Swee Yong, was talking about buyers
taking up $500k loan for a 5 rm resale HDB flat or a $1.3m loan for an EC as if
it is a monopoly game. A $1.3m loan over 30 years will come to at least $2m in
total payment, just for a few pieces of mortars around a small space. How much
do the bricks and cement, some wirings and fittings cost?
This is a general curse on the Sinkies who were made to buy public housing at
such prices and to pay using a big chunk of their income, and praying that they
would be earning that income for 30 years with both not losing their jobs.
The biggest group that is cursed is those Singaporeans that were barred from
buying public housing through all the spurious reasoning. With private
properties at more than a million, how could they force citizens to buy private
properties and not be allowed to buy public housing that are also not cheap? And
when should citizens be made to buy from resale market like PRs and pay another
few hundred thousands more for the same flat? Any Singaporean that is not
allowed to buy public housing is as good as being cursed when foreigners turned
new citizens could do so.
The govt owes every Singaporean a right, yes the right to buy a public
housing flat. The govt has a case to answer to these Singaporeans who are
disallowed to buy public housing as the problem is caused by under building and
nothing else.
The accursed Singaporeans – part
2
2
Many retirees living off their pensions are in dire
straits given the galloping inflation rate over the last decades. Whatever
pensions they are receiving have been eroded to less than half their values and
dwindling further every day. They thought it was a great blessing to be alive
for so long. The truth, the longer they live, the worst their financial position
will be. Those who are lucky enough to have bought properties could still live
on quite comfortably. Those without would have to make do with whatever they
have, downgrading if they can. What about those without pension, without
property and with no dependents?
The plight of the oldies is not a once off thing. Those in their 40s or 50s straits given the galloping inflation rate over the last decades. Whatever
pensions they are receiving have been eroded to less than half their values and
dwindling further every day. They thought it was a great blessing to be alive
for so long. The truth, the longer they live, the worst their financial position
will be. Those who are lucky enough to have bought properties could still live
on quite comfortably. Those without would have to make do with whatever they
have, downgrading if they can. What about those without pension, without
property and with no dependents?
will join this group of cursed citizens very soon. Each with a life span of 80
or 90 years but many would have lost their jobs in their 50s. The only saving
grace is to pawn their HDB flats. But this is only possible if they are not
struck by a serious illness that pawning their HDB flats would not be
enough.
How many oldies can survive 30 or 40 years without a source of income? Even
their HDB flat cannot provide for everything as they still need a roof over
their heads. Would they all end up renting a room from other oldies to live
through their last days?
But that is not all. The escalating cost of living is going to be accompanied
by an escalating medical cost. And this one is more deadly in the sense that no
one will be exempted. They will have to pay, like it or not, fit or unfit. The
only good news is that the govt has said the premium is going to be light on
them. How light and affordable is questionable given that they no longer have an
income and with 30 or more years to live. Many young and able could not survive
without a job for a year.
Cursed are those who have long life in this Sin City. Exceptions will be
those with many properties or with a million dollar pension.
Every oldie should
be worried where to find the money to pay for Medishield Life premiums. No where
to run, no where to hide. Beh Si premium scheme, is a payment that the oldies
will have to pay for being alive. They are so lucky to have such a caring
govt.
Chua Chin Leng aka
redbean
* The writer blogs at http://mysingaporenews.blogspot.com.
