Public housing is affordable

HDB has reiterated its position that HDB flats are heavily subsidised and affordable. Let me for once agree that HDB flats are indeed affordable. The heavily subsidised part I will leave it to everyone to make their own conclusions. Now, did I say that HDB flats are affordable? I did not say it without reasons. HDB flats are indeed affordable to everyone. You just buy one according to your own financial position. But that is not all. As long as you have money you can buy a HDB flat. The only difference, don't quibble, not nitpick, is that the money you have will buy you a smaller flat as days go by. Still affordable, definitely, only getting less for what you pay for. And paying longer and longer. Actually the people buying public housing should be very contented to have a roof over their heads. Be grateful. That is what public housing is all about, affordable and cheap. If you want good and big, go and buy The Sail or something like that. Those buyers are not complaining and are happily paying for what they get, good value for money.

Landslide in Japan

The 21st Century seems to be a century of landslide victories for opposition political parties that have for years been seen as no hopers. Malaysia shook the ruling UMNO by delivering several states to the opposition, something so unbelieveable. UMNO, with all its machinery and state organisations and power, could just watch as the opposition chips away at their territories. Every by election seems to be an opportunity for the opposition to wrestle another constituency from UMNO. Last night we saw another landslide in Japan. After more than 50 years of domination in Japanese politics, the Japanese grew tired and disillusioned with the ruling party. The LDP seemed to be running out of tricks from its bag and was soundly trumped by the DPJ. The winning margin was unimaginable. And we are witnessing another historical event and a new beginning, and the end of LDP. If this is the trend to be, we will probably see a similar landslide here in the next GE. Many may sneer at such a thought or suggestion. The ruling party has been in power for so long, with all the right and highly qualified candidates, with all the machinery and achievements to show how good it has been. And the opposition is still unable to find the right candidates to make a little dent on this formidable machine. Who knows what will happen or what will come next. There are plenty of qualified and able Singaporeans waiting in the fringe for the moment that could change the course of our history. To get 80 good men and women to stand for a general election is not a difficult task when the time is ripe. The landslide may come earlier than expected. The seemingly uphill task may not be that impossible when the chips are down. Would we see a landslide in two years? I know that many are laughing at such a possibility. At this point in time, it seems clearly impossible, no way. Who knows?

MIW or Men In White

It is an uncanny coincidence to release a book called Men In White in the Chinese Seventh Month. The Seventh Month is well known for the release of souls from the forgotten nether world, all in white of course, to have a feast before they are returned, back to where they come from. The book, Men In White, will see the return in spirit of the men who were living with us once. But many may not have the privilege to return to this land they once called home, and will remain as wandering spirits in all corners of the earth. They will not be welcomed as PRs or even tourists. These Men In Wilderness have returned in a way to fill a gap in our historical records of our founding days. The effort to hear their stories and get them printed is a very enlighten process, and a gracious one, to let our stories be told from a different perspective. And Singaporeans are fortunate to have this side of the story told now than to wait for another century when memories would have been washed clean of whatever historical correctness, for the benefits of our descendants. The permission to allow such a process to take shape and become a reality should be acknowledged. There are many perspectives of the Singapore Story and there are many eye witnesses who have life testimonies to tell. Some may have already written but waiting to be published when the climate is more conducive. Some may have forfeited the chance to tell their stories. With the passing of time, more revelations will be served in the book shelves. The Men In white is a story told by the defeated in a political struggle to run this country. Most of these men and women were steeped in idealism, aspiration, political beliefs and conviction for a social and political cause. Many could have been very successful and eminent dignitaries today if they have not joined politics or have abandoned their chosen cause. They paid a very heavy price for what they stood for. They never regret or recant or complain about their sacrifices. We could, in the future, read books from the second and third waves of defeated and banished politicians in the wilderness. We could also read autobiographies from the discarded Men In White living in our midst, with their versions of bitterness and dissatisfaction with the way things were. These will be interesting read, like kiss and tell novels. Until then, the Singapore Story will still be written like fairy tales, with princes and princesses and an ending that says they live happily ever after.

Say only the good stuff

Last week I wrote about the prices of properties in relation to the income of the average workers and the reports and comments by industry workers that property prices today are affordable. The statistics from the industry said that the cost of a mass market flat is equivalent to 20 years income of the average Singaporean, median or mean in this case will not make any substantive difference. This means that it will take 40 years to service the mortgage from a single income or 20 years from dual income, the latter amounts to paying 50% of the double income to the loan. Subsequently some forumers wrote to say that normally a borrower will use 30% of his income for such purposes as living requires a lot of expenses in other areas. This would mean that it will take virtually the whole life time to service such a loan. Accepted that incomes will grow and things will be better along the way. Today we have further clarifications by the professionals as to their reasonings and methodologies for concluding that today’s prices are affordable. I think this is only expected as they have vested interest to talk up the market and get the crowds rushing in to buy. Would anyone in the industry be objective enough to tell the other side of the story, that the prices now are way too high, unrealistic, and unsustainable? Reports on new launches for 99 year lease are talking about $900 to $1100 psf. This means a 500 sq ft studio is going to cost about $500k. Whether this is affordable or not is relative. But the fact that it is going to cost a bomb relative to the average income of the workers cannot be changed. Could it appreciate higher? It could if the income of the buyers are going to keep going up. Of course the professionals will cautiously mentioned about a bubble in the future, unsustainable in the future, but not now. It is affordable. Buyers beware if you are going to listen to the sales pitch of people with vested interests to want to sell the properties.

It takes a girl to defy the whole establishment

I have avoided posting about this story in case it will affect her chances against formidable foes. But her case was mentioned yesterday and I thought things have worked to her favour and her steely guts to defy two powerful authorities should be acknowledged. Kartika Sari Dewi Shukarno faces off the Muslim clergies and the Malaysian Govt and defy them to cane her in public. Yes, she broke a religious law, forbidden to drink alcohol, in her case, a glass of beer. And the punitive sentence was caning, 6 strokes. And she stood on her high pedestal and told the authorities, go ahead, cane me in public, get it done with. Her case was prominently reported in many newspapers and media and becomes an embarrassment to the Malaysian Govt. This is a govt that is torned between trying to be secular and trying to be Islamic at the same time, one day clenching their fists shouting Allah is Great and another day calling for moderation to avoid being branded as another radical Islamic state. Kartika's caning was postposed in view of Ramadan. And the Home Affairs Minister Hishamuddin in a press interview declared that his ministry did not have the expertise to do the caning. PM Najib advised Kartika to appeal against the sentence. And to date she refuses. She is still calling the religious authority to cane her in public. I dare you!. And to complicate matter, in order to cane her they had to imprison her, which added to her punishment. Now the Malaysian authority is caught with over punishing her for a minor crime. To go ahead with the caning would put Malaysia in the same league as radical Muslim states. How could Malaysia, a model of modern Islamic state be seen to uphold an infringement to a religious law by a woman, for drinking beer, and deal with her so harshly? Would Malaysia take the moderate path or push ahead with its religious laws? That is a tricky question. And Kartika is still standing tall, as the little girl that takes on a govt and a religious order run by powerful men.