No $ to Help SGs, But Got $3.5B to Speculate in London Properties

[escher]

Western countries give foreign aid, SG PAP spends on useless foreign property...money changes hands

After stealing our money in the first place, PAP make sure that money will not make its way back to us

 

[singveld]

help useless bums versus investing in potentially profitable venture.

 

[ginfreely]

Buying London property is not the issue. How much you pay for it is. Getting into business with someone who has already cheated you before is stupid and poor judgement. Hardly fitting for people who control our money.

Oic you mean the price is bad and Blackstone cheated GIC before?

"Singapore investment firm GIC is buying a multibillion dollar stake in a mega-office complex in London's main financial district, adding to its portfolio of prominent properties globally. -- PHOTO: GIC PRIVATE LIMITED


By Alvin Foo
Singapore investment firm GIC is buying a multibillion dollar stake in a mega-office complex in London's main financial district, adding to its portfolio of prominent properties globally.
It is acquiring private equity firm Blackstone's 50 per cent interest in Broadgate, in a deal said to be worth over £1.7 billion (S$3.5 billion)."

 

[Papsmearer]

Oic you mean the price is bad and Blackstone cheated GIC before?

"Singapore investment firm GIC is buying a multibillion dollar stake in a mega-office complex in London's main financial district, adding to its portfolio of prominent properties globally. -- PHOTO: GIC PRIVATE LIMITED




By Alvin Foo
Singapore investment firm GIC is buying a multibillion dollar stake in a mega-office complex in London's main financial district, adding to its portfolio of prominent properties globally.
It is acquiring private equity firm Blackstone's 50 per cent interest in Broadgate, in a deal said to be worth over £1.7 billion (S$3.5 billion)."

Yes, I started a new thread on the con job that Blackstone gave GIC.

 

[whoami]

I think they buy london properties is good, at least the money wont evaporate into thin air unlike stocks...

Its fm my CPF monies. And even if its a good investment, wat returns do i get. Only 2.5% peesai interest pa.

 

[makapaaa]

After stealing our money in the first place, PAP make sure that money will not make its way back to us

Indeed, don't expect the Familee to hand the keys to the new government when they are deposed from power in 2016. They will go down in history as the most corrupt regime in history!

 

[Papsmearer]

Its fm my CPF monies. And even if its a good investment, wat returns do i get. Only 2.5% peesai interest pa.

This is one of the many hidden taxes in singapore. PAP take your money and invests it, and makes 16% for itself. Than turns around and gives you only 2.5%. The other 13.5% your money earn from them is, i.e. a tax.

 

[ginfreely]

Yes, I started a new thread on the con job that Blackstone gave GIC.

Thanks for sharing, didn't know Blackstone got such a bad track record...

 

[ginfreely]

Its fm my CPF monies. And even if its a good investment, wat returns do i get. Only 2.5% peesai interest pa.

Yeah lor so low interest rate, they should raise it to match inflation!

 

[laksaboy]

Yeah lor so low interest rate, they should raise it to match inflation!

But it is guaranteed by the government you know. Everytime you see your CPF statement, you should feel so rich.

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