Fifth straight hikes in Electricity prices

'Electricity prices will rise by an average of 2.4 per cent this quarter – from 1 July to 30 September. The new rate for households will be 24.13 cents per kWh, up from last quarter’s 23.56 cents per kWh. This is the fifth straight quarterly rise in electricity rates. Compared to Apr 2009, electricity tariff for households has increased by 33.8 per cent.' The above was copied from Temasek Review.

To celebrate or to kick asses?

HDB resale prices up another 3.8% for the second quarter. Private housing up 5.2% for the same period. Analysts are revising the annual increase to 12-15%. This means that HDB owners will have a paper gain of more than 10%. A $500k property will appreciate by $50k, $400k property by $40k. Correspondingly the property tax next year will be up. To keep pace with the rapid rise in price of HDB flats, buyers must have pay increases of the same percentage just to stay even. Those who have lower pay increases will find the price running away faster. For existing HDB owners, getting paper windfalls, shall they celebrate or cry? For those who have to buy resale flats, there is only one option, pay more. So, shall the Minister in charge of housing be given a big bonus or a big kick in his ass? It all depends on whether one is benefitting from this glorious rise in prices or having to pay more.

Affordable Sultan Fish

'...a 35-year-old diner, Mr Liu, and four friends who feasted on a steamed fish dish called the white sultan fish at the high-end Feng Shui Inn restaurant on June 12 at Resorts World Sentosa (RWS). ' This is quoted from Yahoo News. Wow, Singaporeans are truly one of the richest people in the world. A 1.8kg fish, called Sultan Fish and reputed to have silky white meat that tasted like fruits cost S$1,224! The fish is noted to be vegetarian as it eats fruits fallen from trees. That is why it is so exquisite in taste and price. Each mouthful will cost $100! Must be more expensive than the best caviar.

Getting carried away with delirium

A housing agent, Vincent Kang, was so piss off with the way the policy on public housing is heading that he wrong a personal letter to the Today forum to vent his anger. To him, and I agree with him, public housing is to provide a roof over the heads of the average citizens that could not speculate on properties to get rich. That was the original objective which people were generally happy with though there were a few of grouses for not being able to speculate with public housing. Now, when the policy has changed, anger is coming out instead of grouses. For every dollar someone speculates on and profits, someone is gonna pay for it. And that someone is also a Singaporean. The down spiralling of a good policy started when things got to go wrong, when CPF savings was not enough, high cost of housing and high cost of living. This led to finding new ways to squeeze money from nowhere. So the most precious item, the HDB flats, become a commodity, to be traded, to be used to generate income, to keep up with the high cost of living. Some thought it was clever. And clever it was indeed. Those who profitted were laughing, for a short while. Then when the little windfall was not enough, they could end up living in the beaches or the parks High public housing prices and high cost of living are never good. They put stresses and demands for higher income to sustain the useless and unproductive assets appreciation. The people must not be misled into thinking that they are wealthy when in fact they got poorer instead.

When god did the darnest thing

More than 20 years had passed since the Marxist Conspiracy gang were arrested. They were mostly young professionals in their late twenties and thirties. I think all have been released with a few abandoning this shore for good. And it is quite unbelieveable that Teo Soh Lung was allowed to write a book, 'Beyond the Blue Gate', about the whole sordid affair, got it printed and published here. There was also a book launching ceremony where some of her previous conspirators and well wishers were present. This must be a sign of civility, maturity. With age and growing confidence, people tend to become more comfortable and less reactionary, and less hysterical over schemes and conspiracies. Wisdom or trying to bury the hatchet? The Marxist Conspirators are now given a chance to tell their side of the story. Maybe the authority should also tell its side of the full story, on why this group of young conspirators were so dangerous and needed to be put away at the prime of their lives. Were they so dangerous that leaving them to conspire in the open could destroy the country or a threat to national security? The book was launched and the reaction from the public was a mute nonchalance disquiet, or disinterest. There was no revolution, no public outcry, no street demonstration. Hardly anyone care a dime of what actually happened. The open wound is up for dressing and will heal. But will there be forgiveness and reconcilation? Can the human beans forgive if god had done the darnest thing?