Better listen to the old man:
Don't sell your HDB flat, Mr Lee tells resident
Former PM gives advice during visit to Sers project in Holland Drive
By Andrea Ong
Businessman Lim Tow Nam, 53, moved into his new, spacious flat on the 38th floor of Block 18C in Holland Drive earlier this year, after living in his old flat a stone's throw away for around 20 years.
He and his family love the breathtaking view from their five-room flat - they can see as far as Sentosa and Keppel Bay. Holland Village is nearby, while the new Holland Village MRT station and Buona Vista MRT station are both within walking distance.
Mr Lim's parents and two sisters live in three separate flats in the same block. The family have dinner every night at his parents' flat. Mr Lim bought his new flat for just $380,000 - a subsidised price for residents under the Selective Enbloc Redevelopment Scheme (Sers). His old flat had cost him about $165,000.
The Sers project rehouses residents from six old blocks near Holland Village in four new high-rise blocks in Holland Drive. On Sunday, Mr Lim had words of advice from none other than former prime minister Lee Kuan Yew, who visited him in his flat in the early evening. 'He told me, don't sell. The price will go up,' Mr Lim told The Straits Times.
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PRs have more privilege than me. Wasted my time serving NS. I still have to protect their HDBs!
Originally Posted by hyenergix
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I don't mind subsidizing for Singaporeans who are in need but it doesn't make sense to subsidize for PRs and couples earning combined income of 12K?!
