Good times for the hardlanders
The hardlanders or heartlanders form the bulk of the population and the majority of public housing owners. And 80% of housing in the island are public housing. And when the prices of public housing are up, it means good times are here for the hardlanders. Today's main article in the media is that prices of resale public housing flats are soaring, including cash over valuation which buyers are willing to cough out upfront, an amount that is in addition to the valuation price. This has gone up four folds on the average, from $3000 to $12000. All the hardlanders are beaming with a big smile knowing that the flats they bought are appreciating in prices. And many are making calculations and alternative plans on their new found wealth. Some will be selling their flats for a better price, and upgrade to private properties. Some will use the money to buy a palace in some less expensive countries. Some will downgrade into smaller units and set aside the balance for retirements or for a trip around the world. Some may go the extra mile and opt to rent a flat. After all at 60 or 70, how many more years are left. So no need to buy into another property. Keep the cash hoards and feel rich. In the kopitiams many will be calling themselves millionaires or half a millionaires. They will be laughing every day at their richness instead of waiting for a statement from the CPF once a quarter to tell them they have plenty of money in their CPF accounts. The feeling must be good. For the single old men, time is going to be real good. For the single old gals, can also be good. Let's welcome the PRs, the young and the old, the rich and the not so rich. The rich can buy over all the flats from the Singaporeans. And the not so rich can service them and make them live the lives of the rich. Time for celebration and parties in the heartlands. The asset enhancement policy is bearing fruits. Singaporeans must be grateful to the govt for their good fortunes.