News: Entries archive
12 May 2017
Singaporeans have been concerned about the recent announcement by Minister for National Development Lawrence Wong that the value of older HDB flats will decline and, eventually, be worth nothing at the end of their 99-year lease.
HDB owners go into heavy debt and spend their retirement savings paying off this debt only to find that their flats decrease in value and have to be returned to the government ... Read more »
05 May 2017
When he was Minister of State for Education, Dr Ng Eng Hen said that “Our universities must become engines of growth for our economy.”
In 2012, Minister for Trade and Industry Lim Hng Kiang reinforced this point saying that our education system is “to build industry-relevant manpower capabilities for the economy.”
We had even wanted to become the ‘ ... Read more »
18 April 2017
Minister for Trade and Industry (Industry) S Iswaran says that the government will revamp Orchard Road to re-vitalise the shopping belt. One idea he has is to fully pedestrianise the area by closing off the Road to vehicular traffic.
This proposal comes in the midst of the Urban Redevelopment Authority (URA) embarking on a ... Read more »
13 April 2017
National Development Minister Lawrence Wong said in a Facebook post yesterday that older flats “can still be a retirement asset.”
This comes on the heels of an earlier post he made on 24 March 2017 in which he said that at the end of the 99-year lease, HDB flats become worthless as they have to be returned to the government. ... Read more »