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6/27/2010

HDB cleared PAP activist

Sinha Shekhar, an outspoken PAP activist and one of the good catch from the new citizen pool, has been cleared by HDB for subletting his HDB flat. He has asked for HDB's permission and has qualified under the number of years of occupation to sublet his flat. He is now living in his private property and let out his HDB flat. I also read somewhere that HDB's ruling requires the owner of both a private property and a HDB flat to physically live in the HDB flat. If this is the condition, Sinha must live in his HDB flat and rent out his private property and not the other way round. Can someone confirm on this as it means he is either contravening HDB rulings or he is not.

12 comments:

Anonymous said...

State Times' Rachel Chang: You another anti-establishment netizen???

Chua Chin Leng aka redbean said...

Hehe, I think all of us here are pro establishment and pro Singapore. Whatever we posted are for the good of the country.

Wally Buffet said...

Just wondering how many HDB lessees owns a condo or private property each. If this activist is just the tip of an iceberg, I shuddered to think what will happen to a vast majority of ordinary Singaporeans living in public housing when the inevitable bubble burst happens.

My understanding is also that private property owned by an HDB lessess is only for rental income and investment only. The HDB lessee must stay in the HDB. As HDB housing is "heavily subsidized", it is not meant to be used to generate investment income.

Chua Chin Leng aka redbean said...

Wally,

Heard they have changed this ruling and the rich can buy resale HDB flats to rent out. Now you know why resale prices are shooting to the sky and why HDB prices will keep going up.

They have helped the rich to get richer at the expense of new HDB buyers.

Wally Buffet said...

There goes another old Singapore.

Now, HDB leaseholds can be used to speculate.

Christ! The whole island is a friggin' casino. The two IRs are casinos within a bigger casino!

Chua Chin Leng aka redbean said...

There are two groups of buyers with a lot of cash queuing in to buy HDB resale flats. Rich PRCs who will be richer when the Yuan appreciates higher. The rich Singaporeans living in private properties.

Oh make it 3, the rich Indians like Sinha.

All HDB owners are gonna be rich selling their properties and downgrade to Batam, Bintang and JB.

Chua Chin Leng aka redbean said...

I must add that this is the best renewal policy for Singaporeans. Older Singaporeans sell out and move out.

New and younger Singaporeans, richer and more able, move in to replace them.

It is a win win situation. Everyone wins. No one loses.

No more ageing problem. Singapore will always remain young and vibrant.

Anonymous said...

If everybody wins and no one loses, how come there are bankrupts, beggars, people living in tents, people queuing for free meals at Buddhist Lodge etc.

Maybe, my interpretation is completely wrong. These people like to be what they want to be, just like those very old people who love to work.

Chua Chin Leng aka redbean said...

Those who lose, as you said, are not people. They are called losers.

Winners are like Sinha. And he is a new citizen and he is so smart to make himself richer by playing within the rules. That is why he is called a foreigne talent. And this is why we need more foreign talents to be here, not losers.

Matilah_Singapura said...

This is great.

In a totalitarian system, if one of the "kindred" gets caught, then the best thing is not to pubish him but to change the law so that everyone else who is breaking the (so-called) "rules" can now proceed with what they are doing perfectly legally.

The HDB rule on subletting are antiquated -- they'd probably be OK if public housing was really public housing. However HDB's are now de-facto capitalist good... there is nothing "subsidised" about them anymore as people have to pay close to market prices and pay for everything else like maintenance etc.

I am all for getting rid of stupid rules and laws and allowing heartlanders to make as much as they can from the "asset" which they do not technically own, but at least "have".

Matilah_Singapura said...

P.S. Fuck this bloody office computer. Keyboard sucks ass. Excuse the typos folks.

Anonymous said...

Beannie is at his most sensible this time. Yes, make the money and moves off.

Don't quarrel with yr tool and yr leaders, high blood pressure and high pressure living are both very bad for the health and the body.