Senior’s studio versus single’s 2 rm flats

The latest launch of 2 rm BTO flats for singles came as a pleasant surprise to many singles waiting eagerly for a place to stay and having nightmares watching how the prices have skyrocketed to beyond their reach. Many would not be able to afford to buy even direct from HDB, or be barred from buying because they were singles. Now the latest delivery by Boon Wan, with grants that could make a 2 rm flat going to as low as $16k! This is cheaper than a top of the range bike. Too good to believe, but it is true. It is possible, more real than the $1000 income can afford to buy HDB flat.
 
With such a good price, the seniors would now have a better option, instead of buying 30 year lease studio apartment at $90k each, correct me if I am wrong on this pricing. Now, which will give better value, a 99 year 2 rm flat of 45 sq m or a 30 year studio of 30-45 sq m? The former is priced at $76k before grant and the latter at $90k also without grant. The studio apartments do come with a lot of features to support the life style of the oldies, like grab bars, emergency buttons and better designs to make moving around easier.
 
I am an oldie too. I would definitely go for the 2 rm flat with a 99 year lease. At $76k for 99 years, it works out to be $768 per year, without grant. The studio will cost $3000 per year and unlikely to have any appreciation value as the lease will run out soon.
 
the oldies being short changed? Or let me put it in a positive way, are the singles being given a very good discount?

Japan spreading white lie

In its attempt to show the world that Japan is willing to talk to China and that China is the one that is unwilling, the special adviser to Shinzo Abe, Isao Iljima, has been spreading a lie that he had spoken to Chinese leaders and a summit between Xi Jinping and Abe is on the card. Chinese foreign ministry had rebutted this statement and said that Iljima was in China to discuss about North Korea and nothing to do with any summit of the two leaders.
 
China’s condition for a meeting is that Japan must agree to a dispute on the Diaoyu/Senkaku islands before any talk can commence. Japan seized the islands from China after a war and is now claiming that the islands were inherently Japanese.
 
The importance of the islands is not just about resources and minerals. It is national sovereignty and even if there is nothing there, no country will allow another country to seize its territories by force. China could only lie low if it is still militarily a weak country like in the past. Today, China could overrun Japan if needed and would not be lying down or turning the other cheek anymore. It will want its islands back.
 
The only compromise to this dispute is for both sides to acknowledge there is a dispute but leave it on the back burner. China and Japan both do not need the islands for their economic development for a long time to come and can talk about it in the future when relations are better state. For Japan to push the issue and resorting to underhand tactics and lies like they used to do in the late 19th and early 20th Centuries would not do today. Even the balance of power is tilted towards China and in favour of China. The use of force to settle the issue will be very costly to Japan and a likely defeat given the odds.
 
China is no longer the bankrupt Sick Man of Asia. It is the second super power and will deal a very bloody nose to Japan if force to. Would Japan be tempted to take on China militarily with the abolition of its pacifist constitution and remilitarization of its armed forces as a big military power? The changing of the pacifist constitution is only a matter of time In today’s report, Taro Aso, the Finance Minister has been accused of sowing the idea of changing the constitution secretly like Nazi Germany without the knowledge of the Japanese people and the world. The rightist govt of Abe is on the march towards remilitarization with the support of the US to counter China’s rise.

Hsien Loong’s National Day Speech

Hsien Loong is working hard on his new National Day Speech to the nation. And with the coverage of CNA, the speech is going to be broadcasted over many countries and will have millions of viewers. It is a great PR opportunity to sell the island and how well it is managed.
 
I hope he does not get carried away by the size of the audience and get down to really talk about the problems and challenges facing the people, the unhappiness and the concerns. There are many serious issues that will not go away just by not talking about them. In the past, most of his speeches were devoted to making the people feel good. The effect of such feel good speeches does not last longer than the next TV programme. It would be good if he could address the people’s concern, not what the Govt thinks are the people’s concerns or to say what the Govt thinks are the right things.
 
Would he be telling the people what is the Govt’s position on the 6.9m population and what is the situation now, what is the size of the population and what is the Govt’s intent? There were two public demonstrations against the 6.9m population and the disquiet cannot be ignored. Would he address the problems of locals losing jobs to foreigners, particularly in the PME fields and how the Govt is tackling the fake qualifications and discrimination against Singaporeans by foreigners here? Would he be talking about the housing problems, how many Singaporeans have been left out from public housing schemes by the bad policies of the past and what the Govt is going to do to redeem itself and to ensure that every Singaporean will have a chance to buy a HDB flat, that every male citizen who has served NS and will continue to be in the reserve, has the right to buy a public flat?
 
The problems of public transportation, car ownership and the regular breakdowns of the SMRT, what is the Govt thinking, what it is going to do about them? Higher ERPs and higher COEs are not going to solve these problems if the influx of foreigners continues and the target of 6.9m is still unchanged.
 
The high medical cost, the shortages of hospital beds when we don’t have such problems in the past when the govt was relatively very poor, fewer hospitals and few doctors. The waiting time to see a specialist, to see a medical practitioner, to see a dental surgeon, is now becoming ridiculous. Many would have died or suffered while waiting for their next appointments. Why are there such a big shortage of doctors and hospital beds and what are the solutions when the situation can only get worse with more immigrants coming in?
 
There are so many problems and so many things to answer. Can Hsien Loong address the problems and let the people know what the Govt will be doing, a change from the past when he painted almost an utopia, of happy and prosperous people in a vibrant and rich city and everyone hoping to live happily ever after?

Single BTO flat at $16K!

Where on earth can one buy a 2 rm flat for $16k? Surely not in Singapore when housing prices are hitting the roof. A small 3 rm govt built flat in the city could cost $400k or more in the resale market. But it is true. This is the latest govt offer to singles at a net price of $16k for a 2 rm BTO flat.
 
Now for the details. A 2 rm BTO flat is priced at $76k, how to get it at $16k? There is a govt grant of $30k for an applicant whose income is less than $750 or is it $1125 pm. And if there is a joint application by two equally low income applicants, each will get a $30k grant or $60k in full. There you are, $76k less $60k equals $16k.
 
Now who are the people earning less than $750/$1125? If I am not mistaken, most cleaners and dishwashers in the hawker centres are also earning more than this, probably $800 or $900. I can only think of those who are self employed like some remisiers or part time insurance or housing agents who make a sale once a year.
 
Oh, I think there is another category of self employed that may qualify to buy, the tin can or cardboard collectors or karung guni collectors, not the karung guni bosses. The latter are likely to be millionaires driving Mercedes around. Oh dear, I heard some were saying that the new karung guni collectors are new citizens or PRs. Hopefully not so. Could they be considered as talents with this kind of skills?
 
Can people who earn less than $2000 resign and apply as unemployed? Or could they get a temporary job and ask to be paid less than $750/$1125 to qualify for the $30k grant? Can right?

Notion of aggression not defined – Shinzo Abe

When Abe was asked the question of Japan’s aggression in Korea, China and the rest of South East Asia in the Second World War, his reply was that ‘the notion of aggression was not defined’. What he meant must be that while the countries invaded was screaming aggression, just like a sexually violated victim shouting rape, the Japanese do not see it that way. To him, it was not aggression, but probably liberation. They were liberating the colonized countries to free them so that Japan can rule over them under the East Asia Co Prosperity Sphere. So where got aggression? It is for the mutual benefit and prosperity of Japan and all the countries they invaded.
 
How many Asian countries would believe this man? Can this man and Japan be trusted to revive its military and aggressive past as a military power? Abe is now visiting some of the countries that were victims of Japanese aggression which he did not agree and offering another version of the East Asian Co Prosperity formula. Japan is going to be the same old Imperial power to lead these countries under Japan. Japan is going tear away its pacifist constitution, rearmed like it used to be, a military power, and to be the leader of Asian countries once again.
 
It is increasing its military budget, acquiring more arms, involved in military adventures, offering to help the Philippines fight against China. It is behaving aggressively and provoking China and Korea and still making devious moves to continue to stake claims to the territories of Korea and China.
 
Would Asian countries be stupid enough to buy this Japanese lie that the remilitarization of Japan is for peace and for the good of Asia? Have these countries forgotten what a beast Japan was and could be again when it becomes an aggressive military power once again? Can Abe and Japan be trusted?