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6/24/2009

HDB lease buybacks is on

The first batch of HDB owners have opted for the HDB lease buyback scheme yesterday. The scheme will ensure that they will have a roof over their heads and an annuity payout for the rest of their life. By this scheme, these people would have some form of income in their old age, a replica of what CPF annuity scheme and minimum sum scheme were trying to do. So, does it mean that now these people do not need to buy annuity scheme or have their CPF locked up in the minimum sum scheme? To continue to retain their money in the CPF will not be accepted as good faith. People will now see the retention of CPF minimum sum in a different and negative light. The money must be returned to these folks as they have made provisions for their retirement and old age. To claim that the amount from the lease buyback scheme is insufficient and the need to continue to hold back to the minimum sum is anything but atrocious. No amount is enough if the reasoning shall go this way.

16 comments:

Anonymous said...

If someone has bought annuity and also sells back his/her HDB Lease, then there will be more monthly money to spend, right ?

I may like to sell back the lease to HDB and stop serving the cheeko apeks at the coffeshop.

kopi soh.

Wally Buffet said...

Selling my 3 room HDB and renting a 1 room, hopefully, new flat is the way to go for me. Then, I can get my lump sum money upfront. A bird in hand is worth two in the bush! But I will still keep most of it in the CPF because it's safer than banks and pays a better rate of annual interests.

Matilah_Singapura said...

More tinkering by the state on an unsustainable and eventually catastrophic mechanism: HDB + CPF + Politics + money-no-enough!

Anonymous said...

i would sell the flat, a portion of it buy an annuity plan. then go to live in Chengmai until i kick the bucket.

redbean said...

i have similar plans. go to somewhere where the S$ can be magnified and enjoy the exchange rate.

Anonymous said...

go batam or bintan, you wont regret it.

Anonymous said...

Tanjung Balai and other Riau Islands are just as relaxing.

kopi soh

Anonymous said...

but the girls in bintan are prettier

Matilah_Singapura said...

Poverty: the ultimate aphrodisiac

Lucky for a lot of guys (some apparently reading this blog), these girls are broke, disempowered and without any "skills". Because if they weren't, there is no way in the universe these pot-bellied, saggy arsed, bald, viagra-fueled-with-one-foot-in-the-grave cranky old farts are going to get fucked and their cocks sucked — for cheap!

Isn't the free market wonderful?

Wally Buffet said...

Thanks to the likes of the Grand High Poobah, Billary and Bushed, we are mired in the capitalist shit and with our over valued S$, get to taste virgin flowers from the padi fields of the Riau Archipelago to the industrial hellholes of China.

Capitalism is great, Greed is Good and Life is wonderful for all the "pot-bellied, saggy arsed, bald, viagra-fueled-with-one-foot-in-the-grave cranky old farts" of Sinkapore.

Here's a toast to More Good Years!

Anonymous said...

Why go so far just to find a hole to lust for a few minutes.

Take a cab, just in case others see your cars there, to Geylang and well, You find them from China, Russia and anywhere. Or maybe they are available in the many shops at your HDB. Some do prowl Coffeeshops in Hardland too.

Wally Buffet said...

Hehe,

I totally and absolutely agree.

We are vely vely fortunate to stay in this red dot. Bringing service right to your doorstep! Except, be careful not to get spotted by the missus and neighbours hor.

LMAO

Matilah_Singapura said...

Like I said — power to the free market. What you want? You can get, if you have something of "value" to exchange.

Uncles Unite! Movie star blowjobs home delivered, just like pizza!

Wally Buffet said...

Whot's the lumbar to call?

Matilah_Singapura said...

I don't need to. They call me :)

redbean said...

not bad isn't it. lumbar is related to the backbone. so they must be praising you for your strong backbone : )