29th August 2003, 07:30 AM
Renting the flat? be more realistic will you, renting the flat is more expensive then buying them. A 4 room flat is rented for about $1200 per month, to "buy" the flat it cost about the same per month too, and you do not have a free will to sell it to get cash back, at least when you "buy" it you can reclaim cost.
Originally Posted by skyflash
Moreover, for the current position of HDB, Singaporean are effectively "renting" HDB flat, the flat belongs to HDB not you even when the flat is fully paid for. HDB can reclaim the flat anytime paying you the "valuation" price set by them or the purchase price then whichever is lower. Ya.... who is going to pay for all the interest paid for paying the flat? And when they reclaim the flat, you will still have to pay them admin charges and at the same time lawyer's fee if applicable.
They delibrately have it in the middle of their term..... dare them to put it during election year, and I see their explaination ......
If they say the cost of the worker is getting more expensive then the neighbouring country, they should also reflect the truth that the cost of lving here in Singapore is more expensive then the neighbouring countries..... the pay of the ministers are at least a few times more then any neighbouring countries. They themselves are not affected by the cut, they earn tons and tons of monies, but for us worker below, we will have to bite the bullet.
Look at it this way, the cost of a flat or a car in Singapore is definitely 10 times if not more then China or Bangadesh. For god sake the cost of public transport is more expensive then neighbouring counties. Then they are using the excuse of the worker here is more expensive? It's a vicious cycle. If the cost of living is high, the worker is expensive too.... you can't have a place where the worker are cheap and the cost of living is bloody high.
Last edited by blurblock; 29th August 2003 at 07:41 AM.
29th August 2003, 08:09 AM
i was wondering why the government don't reduce the rental fee of the factories or is it already been reduced?
I believe the rental fee of factories or land is much much cheaper in other asian countries, right?
29th August 2003, 08:38 AM
I may sound harsh, but we Singaporeans like to spend beyond our means. Take buying a place for example, we max our CPF payments to the fullest, always expecting the economy to get better in the future and having the CPF contribution restored to 40%. Was it a wise move on our part? Should we blame the government when external factors beyond its control come along? Just as we as individuals have things we can control and things we can't, likewise the government isn't omnipotent. Sometimes we are too naive.
29th August 2003, 08:47 AM
If I'm not wrong, this has been reduced as a whole over the past years. There is a limit to how much rates can be lowered, and I suppose there might be some impact on other segments of the property market. Lastly, this move only benefits the manufacturing sector.
Originally Posted by tohcp
29th August 2003, 08:49 AM
precisely, even goh chalk tong's pay is (i believe) 10 to 20 times more (may be even more) than the chinese premier and india pm. not to mention our overpaid millionaire ministers. what does this prove? everything is expensive.
Originally Posted by blurblock
29th August 2003, 08:59 AM
of course singaporean have been naive all the while. still believing we had a super-government that has solutions to turn the situations around. only when a country suffers, we can judge how capable the government is.
Originally Posted by cyke
29th August 2003, 11:33 AM
Hmm i dont recall anything being said abt employee contribution being reduced...could u point me to the part?
Originally Posted by Silverelf
29th August 2003, 11:39 AM
Dont worry....i would not be a singaporean next year!!!!
Quoted in Sat "Chai Jin zhui ji",,,,.....thats the best part of the show man..!...
All income going lower while prices are going higher and higher....water bills, power bills....etc etc....transport....why are all these still as high as before? Its like tieing a knot around your neck...and then pulling it slowly....making you breathless in the long run....
how i wish I can put down all the things in singapore and fly to other countries,,,...sigh....
29th August 2003, 11:58 AM
Fret not, Prime Minister-in-waiting Lee Hsien Loong will reveal the economic aids to help us Sinkaporeans cushion the impact of this CPF cut to save our jobs. Be sure to expect more promises of Economic Restructuring Shares, **********ans Shares, longer mortage years etc. With all these in place, we all can be happily working into our 70s to have a roof over our heads.
>> So make sure that you vote the *** into Power in the next General >> Election, or else we will all be ****ed.
So make sure that you vote the *** into Power in the next General Election so that they can continue to **** us deep deep.
Last edited by kiwitan; 29th August 2003 at 12:09 PM.
29th August 2003, 12:01 PM
Actually, I don't think so, most shop owner I know are complaining as it seems that the government is still increasing rental price gradually, though the increament is not as great, but they are still increasing the rent.
Originally Posted by cyke
29th August 2003, 12:04 PM
29th August 2003, 12:13 PM
That useless piece of shitty maggot want to be hero loh. he ain't no LKY man.
Originally Posted by kiwitan
29th August 2003, 12:16 PM
He's aint no shitty maggot cos he can reach out to slap you across the table.... Maggots where got hand
Originally Posted by ahbeng
29th August 2003, 12:39 PM
Reminder to members: please keep this discussion sane and sensible without descending into name-calling, obscenity and innuendoes.
29th August 2003, 01:36 PM
The goal of this round of CPF retuning is to make the local economy more competitive for investors.
Now, what does increasing minimum sum, changing withdrawal rules at age 55, etc. got to do with this goal?
29th August 2003, 02:57 PM
Increasing the minimum sum means there is more of our CPF money in the Pappies coffer to pay themselves handsome bonuses and salaries to the ministers. Increasing the withdrawal age means the our money is no longer within our easy reach so that the Pappies can use it to generate more interests in some overseas investments.
Originally Posted by ckhaos
29th August 2003, 06:38 PM
We should not get blinded by emotions. Which government has the guts to make this apparently unpopular move? Incidentally I think our government handled the SARS crisis very well. We have a pretty capable government. Let's not complain and complain or start crying the moment we fall and hurt ourselves or the moment we get bullied. Are you a weakling or a fighter? Just take the bitter medicine - life will go on.
29th August 2003, 08:35 PM
****!! I so old liao also never vote before!!when there is election, it's always walkover!! Now I feel I'm been WALKOVER!
Originally Posted by kiwitan
29th August 2003, 08:46 PM
Even if they give us aids to help us tide over the hardtimes, the same time there will be some reduction elsewhere.
They call this equilibrum. This is the way government work, you want a good life in singapore, join the *** or government.
29th August 2003, 08:50 PM
Ladies and Gentlemen,
A roof over the head is paramount..! We have to tighten our belts!!