3/11/2013
The Govt cannot continue to build more flats
‘For instance, the Govt cannot continue to build more flats to meet new housing demand as this would mean “hurting the many home owners who can now rent out their properties.”’ Khaw Boon Wan.
The above is quoted in the main media. So, can the govt continue to build another few hundred thousand units for the 6.9m population?
What do you think? Controlling the supply? Can continue to bring in more migrants?
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24 comments:
Now if the government does anything to reduce property prices, many sinkies will get hurt. The only way out is to create another class of property and in order not to reduce the lease period and the size, the only way is to revert to hdb being a place to stay and not asset enhancement crap. The sdp policy will be good. For those who still wanted to game the asset enhancement crap can continue to buy the existing type but for those who just wanted a roof over their heads and do not want a 30 years mortgage to clean up the whole life saving can buy the new type of housing.
The game for the existing formula will come crashing down when the lease gets lesser and when the govt cannot afford to continue with SERS programme. It is a 99 year and must come to an end.
This is a standard statement for a government that is a captive of special interest. PAP is a government captive of property, financial, medical, business, and military cartel.
As I have write in my blog, the best way to solve the property problem is not to let property price drop. But to increase our income and simultaneously, depreciate SGD.
This is the most painless way and it will make economy grow even faster. Downside is, foreign speculator will hate us. They will see the real value of property drop if SGD drop faster than property.
What PAP did today is not for the citizen who rent property. But more for foreigners. Singaporeans now provide a backstop and price floor of property. Large number of propertyless Singaporeans create a huge pent up demand that can be unfreeze anytime, to bail out any forms of real estate market failure.
This government has no heart.
I am worried about our current leeders. They seems to have no clue as to how to handle the current problems that by the way were created by themselves in the first place. Worth a million salary? What do you think?
Khaw is in danger of overtaking Zorro as a dangerous clown.
Annon 11:03, I think what u think..
Wah minister Khaw. Thanks for the "free kick" :-)
If we ever meet, the beer is on me!
What cock is he talking?
First he said the HDB is building more flats to satisfy demand. Singaporeans got their first orgasim.
Then comes the talk that those with children will get priority when applying for flats. Parents-to-be got another orgasm.
Then comes the talk of letting singles buy new flats. Singles too got their new found orgasm.
Now comes the talk that they cannot continue to build more flats because it will hurt home owners who rented out their properties. Those who are renting out their flats also got their orgasm.
Right now I think the PAP knows that the housing problem among others cannot be solved, so they resort to confusing Singaporeans. The way things are going in red dot, even Confucius will be confused.
Khaw is the best property marketing man in sin
Period, the Former Houing Minister was no where near.
But then Khaw is best marketing man anywhere he was and forever.
This just shows how stinking the papists are. Who are those people who rent out their properties? mainly the rich and the foreigners. Why are they protecting them? singapore is for the rich and foreign or singapore is for singaporeans? Vote the opposition to slap the papists.
We are all very sick and tired that papists always using hdb to screw people lives. if they cannot build more flats, then why they want to import more people? if they cannot match demand and supply, then why bother to form the government? housing is the most basic infrastruture of any country. such basic thing also cannot get it right. how competent can they be?
Vote in more WP until gam gam 50%50% then we all can sit back and enjoy the good show.
Many of us here are just waiting for the show to begin. Cant wait till 2016 !
Vote in more WP, NSP, SDP lah so we can see PAP being screw upside down, inside out like the way they are screwing us now using tools like HDB, COE, ERP, schools ranking, fake degrees, expensive healthcare, foreigners, half truths etc.
Tattler's latest
[Houses As Poker Chips ]
"Suddenly, his attention has shifted
from those in dire need of basic shelter,
to those who are capitalising on 'subsidised' public housing to play the real estate market.
Suddenly, he has veered
from the needs and wants of genuine home owners
to the speculative lot who pick up choice properties to flip for a quick profit.
And he actually admits
he purposely avoids meeting new demands, to protect those making money from rentals:
'If I keep on meeting new demand,
I am actually hurting the many home owners who now rent out their own properties.'
http://singaporedesk.blogspot.sg/2013/03/houses-as-poker-chips.html
In my block think only left ten over Singaporean families.
Surrounded by all foreigners. In my floor alone left my family alone.
Surrounded by pinoys opposite my unit with Indian nationals on my left and a Brit above my unit.
Brit back practically every night dead drunk making all sorts of nuisance noises.
Pinoy working in MBS on shifts back also wee hours in the mornings slamming doors going in waking everybody up.
The worst Indian Nationals as contract labourersmostly no work in out flat every few minutes with their loud voices like quarrelling.
Most of the owners rented out as our estate rental ranges from 3k to 3.5 k for the 5 room units.
Most of us just brought our units at 46k.
These social problems are created by the Papies snd should not be rented out in the first place for them to make monies
Very sick to hear the repeated excuse that the higher income earners are depriving lower income earners when they are allowed to buy flats.
Just build lah, then no one will be depriving another buyer. Why cannot build, don't want to build and keep arguing flats not enough and must ensure fair play?
I think the HDB wayang, which had gone on for years, will continue so long as the PAP holds on to power.
Each time a new minister takes over, there is a lot of talk about changes, but actually it is nothing more than changes for the worse. More policy changes are made to confuse, complicate and finally to condemn Singaporeans to the same old misery of ending up in square one, but not to basics as claimed.
Now it is becoming clearer that their policy is not to build more flats in order to create demand and force price increases further, and still sing the same song about affordability. For years the affordability song is like a broken record being played over and over again.
Voices, TODAYonline
- from Howard Lee
[Understand what makes us S’porean]
"I refer to the commentary by Dr Adrian Kuah
'Facing up to identity, myths and politics in S’pore' (March 6).
As a nation, we have not elaborated on our identity beyond the clinical pageantry of the National Day Parade.
This has to do, in part, with the succeed-at-all-cost mentality that we have developed,
such that the development of a way of life takes second place to the development of a livelihood.
As such, the current interest in the Singapore identity is not
'an exercise in self-consolation'
and a means of “repelling the ever-encroaching Others”, as Dr Kuah states.
Rather, it is an interest to rediscover and retell
the stories we have forgotten over the years
and that should be given free space to express itself.
Much as we need to encourage into our fold those who genuinely seek to share our way of life,
we cannot do so without understanding what that way of life is.
To constantly negotiate this way of life
is to build an identity in the surf.
http://www.todayonline.com/voices/understand-what-makes-us-sporean
STFORUM - Print edition
Bey Mui Leng (Ms)
Director
Corporate Communications
Ministry of Health
"MR CHAK Kwok Leong ('Medisave: Help seniors with hefty hospital bills'; last Saturday)
shared his experience with his hospital bills,
and suggested that unemployed seniors should be allowed to use Medisave beyond current withdrawal limits to pay for their hospitalisation bills if necessary.
The ministry will be undertaking a major review of our health-care financing framework,
including how we can make Medisave work better for Singaporeans,
to see how we can provide them with greater peace of mind."
http://www.straitstimes.com/premium/forum-letters/story/flexibility-extending-medisave-use-20130312
TODAYonline
[Procurement system to be further strengthened]
"Procurement capabilities in the public sector will be levelled up,
with the Ministry of Finance (MOF) and Public Service Division working together to develop a Procurement Specialist Track
to boost officers’ discernment when evaluating bids.
..said Minister of State (Finance) Josephine Teo yesterday.
The uneven standards
among over 2,000 public service officers who do procurement
is 'unsatisfactory', she added.
The MOF is also working with other agencies
to identify opportunities to cluster procurement functions, so
'capabilities are more centralised
and there are more career options for procurement officers', she said.
Measures have also been introduced to reinforce accountability and responsibility of supervisors,
said Mrs Teo at the MOF’s Committee of Supply debate.
Yesterday, Tampines GRC MP Baey Yam Keng also questioned
if outsourcing of some services by public agencies has led to reduced accountability.
Mrs Teo said govt agencies are expected
to maintain high service standards
and be “fully accountable” for delivery of functions..
http://www.todayonline.com/singapore/procurement-system-be-further-strengthened
STFORUM - Print edition
[Progressive taxes: MP replies]
"I THANK Mr Jonathan Leaw Yee Guan for his thoughtful letter
('Benefits of a more progressive tax structure'; last Saturday).
My concern was that
proposals for higher marginal rates of income tax might lead to work disincentives for all earners,
and cause highly mobile top earners, especially Singaporeans, to seek other tax jurisdictions.
Ong Teng Koon
MP for Sembawang GRC"
http://www.straitstimes.com/premium/forum-letters/story/progressive-taxes-mp-replies-20130312
andyxianwong
[Millionaires in Singapore – A Success Story?]
"Is it something we should be proud of?
Is it an advert for the economic success story that is Singapore?
To shed light on the matter,
let’s look at the most recent article to put this theory into writing –
'Wealth Over the Edge: Singapore' in the Wall Street Journal.
It mentions many million or even billionaires living in Singapore.
The Wall Street Journal article makes it clear –
these people come to park their money and have fun –
which is reasonably fine,
the rich should be allowed their fun after all.
Except the negatives are something of a concern for land scarce Singapore..
With no inheritance tax and no capital gains tax,
what do these people give back, if anything?
http://andyxianwong.wordpress.com/2013/03/11/millionaires-in-singapore-success-or-not/
Sgpolitics
Written by Ng E-Jay
12 March 2013
[Govt needs to tackle the issue of housing affordability aggressively]
"For a start,
the govt should aim to price new homes at 3 times the annual median income of flat applicants.
To make homes affordable in the long run,
the govt should eventually move to a system where new flats are priced based on the cost of construction rather than on the income level.
This would ensure that housing remains affordable for even the lower income groups.
The system of making a fat profit from public housing must be done away with once and for all.
The govt should not treat public housing as a cash cow from which citizens are to be milked."
http://www.sgpolitics.net/?p=8208
Ng E Jay is a stupid idiot. No wonder he is still writing articles on the fringe.
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