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3/21/2011

Notable quote by LKY

“85% of Singaporeans are living in HDB flats and we intend to keep the values of these homes up. It will never go down,” said MM Lee. If there is one thing that will defy gravity, it will be the price of HDB flats. Wonder how this will be managed if it is subject to market forces and the world economy. Wondering what will the price be if the lease expires. But the formula is for the govt to buy back before the lease expires at market price to knock down and rebuild. And as long as the price of new flats is up, the resale or buy back price can only go up. Sounds good. There is another assumption, that the CBF workers's salary will be able to keep pace with the rising prices. _________________

3 comments:

Anonymous said...

Me thinks most will agree with me that the price of HDB will be escalating within the lifetime of Lee Kuan Yew and maybe further.
And
for him to say so requires little or no intelligence so long as they(the Regime) have intended the rise to keep going. They have the power to make it happens, unless a tsunami decides to stop it.

patriot

Anonymous said...

See, his quotes are not negotiable. They are invariably cast in stone.

When he says one, no one can say two. When he says white shirts, nobody dare to wear coloured shirts.

Anonymous said...

The words of this man are decrees and edicts, dare his subjects refute or argue???