PM Lee wants senior citizens to sell their houses?!

[Isogallardo]

During the National Day rally, PM said they have the OPTION of using schemes to monetise their flat if they want more for retirement. Obviously Oppies love to take things and twist it out of context!

#ndrsg

 

[Leongsam]

In NZ, most of the elderly will sell their family homes and move into something smaller once they reach retirement age. That's because the NZ pension is insufficient to meet the needs of retirement.

 

[johnny333]

In Spore because of the expensive housing & lack of affordable old folks homes, most households are multi-generation. It is common to find 3 generations living under one roof.

Maids are becoming necessities because they are needed to look after the children & grand parents, while the husband & wife are working.

 

[phouse3]

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 Singaporeans are deprived of the $20k cash bonus at 55. In the last few years, the Withdrawal Age has been raised from 60 to 65. So it is a double-whammy. Many days have passed and the PAP is still keeping quiet about it. Come on, if the PAP is not sincere about helping, at least keep status quo. Don't suka suka make changes.

If the intention is to manipulate retirees to opt for studio apartments, please give us assurance that the eligibility age of 55 will not be raised. Please give us assurance on how it is made more convenient to downgrade. There are many questions:
1. A 3-room flat is currently worth $300,000. Is downgrading to a studio apartment feasible after meeting MS?
2. What if prices decline?
3. BTO takes many years. Can we have ready supply of studio apartments instead?
4. What is the projected supply and demand of studio apartments in the next 5 years *?
5. Can applicants be guaranteed a unit?
6. Can HDB buy back the old flat directly from the downgrader as it is not easy to find a buyer to do contra?
7. Can applicants book their units before 55 so that they can get the keys at 55?

* Please factor in 12 years of Minimum Sum increases, changes to CPF Withdrawal Age, current changes to Lease Buyback and Right-sizing options.

 

[soIsee]

In Spore because of the expensive housing & lack of affordable old folks homes, most households are multi-generation. It is common to find 3 generations living under one roof.

Maids are becoming necessities because they are needed to look after the children & grand parents, while the husband & wife are working.

Multi gen living under one roof and still want maid?

Live in such a cramped fuck up place no wonder maids are under great stress and go crazy.

And the PAP still want Sinkie to downgrade inorder to get some money?

Real fucked up country.

And Sinkie deserved what they are getting and breeding morons like TS! LoL

 

[Rogue Trader]

I agree with you. Pap also said sending your old parents to JB is only an option.

I dunno what the big hooha is

 

[Leongsam]

I agree with you. Pap also said sending your old parents to JB is only an option.

Exactly. I bought an apartment for my elderly parents in Tanglin so that they could be close to Orchard Road. If you love your parents, you'll do what is necessary to make them happy.

 

[virus]

Exactly. I bought an apartment for my elderly parents in Tanglin so that they could be close to Orchard Road. If you love your parents, you'll do what is necessary to make them happy.

You r so heartless to make your parents walk all the way to orchard point under the bright sun. Why can't you buy the whole street instead?

 

[krafty]

PM "Robert" Lee Hsien Loong probably thinks we are as "robert" as him...

 

[Leongsam]

You r so heartless to make your parents walk all the way to orchard point under the bright sun. Why can't you buy the whole street instead?

The street is not for sale you twit.

 

[virus]

The street is not for sale you twit.

Why not you twit, if they can name one after you they can name another 2 after your parents.

 

[Leongsam]

Why not you twit, if they can name one after you they can name another 2 after your parents.

Naming a street after someone does not mean they hold the title deed you twit.

 

[virus]

That why you need to buy the street lor.

 

[Hans168]

Du

PM's father selling his house? On the contrary I think he bought many houses!!

 

[Hans168]

During the National Day rally, PM said they have the OPTION of using schemes to monetise their flat if they want more for retirement. Obviously Oppies love to take things and twist it out of context!

#ndrsg

PAPigs are saint meh? We got cheated for many years! They use our CPF money but said they did not; they made money out of it and gave us pathetic return... rest they keep and claim credit for themselves

 

[rusty]

Peasants sell houses to retire and MIWs sell Singapore in order to retire.

 

[SgGoneWrong]

How to sell house when that hdb flat is leased?

 

[Leongsam]

How to sell house when that hdb flat is leased?

Leases can be sold too you twit.

 

[krafty]

HDB wants you to sell them back a portion of the lease say 30 years out of 99 years for a sum of money.

How to sell house when that hdb flat is leased?

 

[SgGoneWrong]

Leases can be sold too you twit.

The twit is TS.