1-3 are our responsibilties, because of your sacrifice, your family members could live a happier and stable lives. Because of your choice to provide, your children have better opportunities. I think we shouid forgive ourselves if we have fulfilled our responsibilties but not our dreams.
4-5 are within our full control.
There is a saying, dying people never think of their bosses and works. Maybe it is Stephen Covey who said it.
Lui Thai Ker (101% correct) This is what we call real talent with a heart.
The city is one of Asia’s most expensive property markets — and at the same time, boasts one of the highest homeownership rates in the world.
But in the past few years — and especially since the pandemic, which plunged the city into its worst recession — Singapore’s housing model has come under heightened scrutiny. Surging prices and thinning profits are raising concerns about growing inequality among the city’s citizens, and threatening to unravel its lauded housing model. The only resource we have in Singapore is human beings, and we have to look after our human beings to survive as a country. So, first, you have to satisfy the basic human needs: to clothe them, feed them, to give them housing, to have good transportation.
This is very important. Because if you don’t have a home, first of all, you cannot concentrate on your work. And second, our public housing (agency] is probably one of very, very few in the world that built housing not just to rent, but to sell. When you own your own property, you will feel that you have taken root in society. And you will also want to defend the country and help build the economy. So, homeownership is another very important factor in the success story of public housing.
One of my jobs at the HDB was to monitor the supply of public housing against demand, to make sure that people don’t have to wait too long to get public housing. In fact, what we wanted was to have supply slightly higher than demand, so that people will not have to pay high prices.
I do worry that nowadays that public housing has become a kind of business venture, rather than actually solving housing needs. I feel that the implication may not be very good for the economic development of Singapore.
Personally, I feel that our original policy — one, to monitor supply and demand, and two, to build relatively low-cost housing — is still valid. And on top of that, of course, to build highly self-sufficient new towns. All these things have respectively contributed to our economic growth.
I would say, keep the housing price rising steadily and not in a crazy way. But how to make that transition — I think we need some economists’ advice. Because now it has gone crazy. If you suddenly control it, I don’t know what negative effect there could be. We need an economist to study it. But my wish is that we would go back to something more steady, so that our property prices remain more predictable.
We should be thankful that the first-generation political leaders championed meritocracy.
Our first-generation political leaders feared for our survival. And now we appear to be very successful — and we are — but I personally feel that as a tiny country without resources, we must insist on maintaining the crisis mentality in order to survive. The crisis is still lurking behind our successful appearance. BLOOMBERG
Time waits for no man yet time was wasted waiting for BTOs. If people could have the privileged to buy commodious roomy homes from the main supplier yet, they were not possible where they had to turn to the black market paying over a million dollars for a built-in area of over 1100 sq ft. No one has come out to take accountability yet.
We have an overload of 'terms & conditions' from the government and too much of a BS on housing that we don't need more from the housing itself. When we go to the hospital, everyone is treated equally. If you want more comfort, it is your own choice to pay more for a single room. There is no such thing as subsidising like the Prime Location Housing for a 'deserving few'.
No more propaganda about land being more expensive than before. My mother lives in a 10-storey HDB building. I got my flat 6 years and I believe the building is 40 storeys. This is 4 times housing on the same piece of land which they had never acknowledged.
If people's hearts and brains are supposed to function like regular human beings, they should know that after Hsein Loong this country is finished.
Customer: No not buying by paying cash for the high ABSD.
Agent: Put in your daughter's name.
Customer: Nope, don't want my daughter to sell the property without my permission in future.
Agent: You can ask your daughter to sell you a 1% share of the property to you. You only need to pay ABSD for 1% of the property. In that way, your name is on the property. Need two signatures to sell.
Customer: Not sure if it is legal. The rules are very complicated, but they cannot baby-proof everything. Besides don't play with the government's taxes. When it comes to money within the family, things can also get tangled.
1-3 are our responsibilties, because of your sacrifice, your family members could live a happier and stable lives. Because of your choice to provide, your children have better opportunities. I think we shouid forgive ourselves if we have fulfilled our responsibilties but not our dreams.
ReplyDelete4-5 are within our full control.
There is a saying, dying people never think of their bosses and works. Maybe it is Stephen Covey who said it.
https://www.businesstimes.com.sg/real-estate/the-man-who-helped-create-singapores-housing-boom-is-getting-worried
ReplyDeleteLui Thai Ker (101% correct) This is what we call real talent with a heart.
The city is one of Asia’s most expensive property markets — and at the same time, boasts one of the highest homeownership rates in the world.
But in the past few years — and especially since the pandemic, which plunged the city into its worst recession — Singapore’s housing model has come under heightened scrutiny. Surging prices and thinning profits are raising concerns about growing inequality among the city’s citizens, and threatening to unravel its lauded housing model.
The only resource we have in Singapore is human beings, and we have to look after our human beings to survive as a country. So, first, you have to satisfy the basic human needs: to clothe them, feed them, to give them housing, to have good transportation.
This is very important. Because if you don’t have a home, first of all, you cannot concentrate on your work. And second, our public housing (agency] is probably one of very, very few in the world that built housing not just to rent, but to sell. When you own your own property, you will feel that you have taken root in society. And you will also want to defend the country and help build the economy. So, homeownership is another very important factor in the success story of public housing.
One of my jobs at the HDB was to monitor the supply of public housing against demand, to make sure that people don’t have to wait too long to get public housing. In fact, what we wanted was to have supply slightly higher than demand, so that people will not have to pay high prices.
I do worry that nowadays that public housing has become a kind of business venture, rather than actually solving housing needs. I feel that the implication may not be very good for the economic development of Singapore.
Personally, I feel that our original policy — one, to monitor supply and demand, and two, to build relatively low-cost housing — is still valid. And on top of that, of course, to build highly self-sufficient new towns. All these things have respectively contributed to our economic growth.
I would say, keep the housing price rising steadily and not in a crazy way. But how to make that transition — I think we need some economists’ advice. Because now it has gone crazy. If you suddenly control it, I don’t know what negative effect there could be. We need an economist to study it. But my wish is that we would go back to something more steady, so that our property prices remain more predictable.
We should be thankful that the first-generation political leaders championed meritocracy.
Our first-generation political leaders feared for our survival. And now we appear to be very successful — and we are — but I personally feel that as a tiny country without resources, we must insist on maintaining the crisis mentality in order to survive. The crisis is still lurking behind our successful appearance. BLOOMBERG
In the past, those leasehold properties that are more than 25 years old had struggled to sell.
ReplyDeleteNow people are buying it due to affordability and the urgency of needing a spacious home.
Time waits for no man yet time was wasted waiting for BTOs.
ReplyDeleteIf people could have the privileged to buy commodious roomy homes from the main supplier yet,
they were not possible where they had to turn to the black market paying over a million dollars for a built-in area of over 1100 sq ft.
No one has come out to take accountability yet.
We have an overload of 'terms & conditions' from the government and too much of a BS on housing that we don't need more from the housing itself.
ReplyDeleteWhen we go to the hospital, everyone is treated equally. If you want more comfort, it is your own choice to pay more for a single room. There is no such thing as subsidising like the Prime Location Housing for a 'deserving few'.
No more propaganda about land being more expensive than before. My mother lives in a 10-storey HDB building. I got my flat 6 years and I believe the building is 40 storeys. This is 4 times housing on the same piece of land which they had never acknowledged.
If people's hearts and brains are supposed to function like regular human beings, they should know that after Hsein Loong this country is finished.
In general, people are forced into buying BTOs with the mentality of-"NO FISH PRAWN ALSO GOOD." BO HOO HEI ARR HOE.
ReplyDeleteAgent promoting a new development nearby.
ReplyDeleteCustomer: No not buying by paying cash for the high ABSD.
Agent: Put in your daughter's name.
Customer: Nope, don't want my daughter to sell the property without my permission in future.
Agent: You can ask your daughter to sell you a 1% share of the property to you. You only need to pay ABSD for 1% of the property. In that way, your name is on the property. Need two signatures to sell.
Customer: Not sure if it is legal. The rules are very complicated, but they cannot baby-proof everything. Besides don't play with the government's taxes. When it comes to money within the family, things can also get tangled.
Agent: Quiet.