Significant Property News & Discussions

[august]

It will get worse as we inch towards 6m population. Today i took the MRT to visit the JEM mall. Suffice to say the MRT journey is unpleasant and sardine packed. This is why people will still rather drive than take public transport. For those driving there is a long stretch of vehicles waiting to get into the parking lot and the queue does not seem to move. There is just a lot of stress on this island these days sue to human jam and congestion. Cannot imagine what it will be like with the targeted 7m number.

[ysyap]

It will get worse as we inch towards 6m population. Today i took the MRT to visit the JEM mall. Suffice to say the MRT journey is unpleasant and sardine packed. This is why people will still rather drive than take public transport. For those driving there is a long stretch of vehicles waiting to get into the parking lot and the queue does not seem to move. There is just a lot of stress on this island these days sue to human jam and congestion. Cannot imagine what it will be like with the targeted 7m number.

When citizens are super kiasu, our govt is operating directly opposite.

Only when things are cracking up then do something about it. Only when MRT train fails big time then start talking about maintenance. Only when people are packed like sardine and gotten pushed over in train station (for at least these last 5 years) then talk about adding train trips and numbers. Only when number of car owners rises and clocking up CTE then talk about widening road and improving road infrastructure. In fact, CTE has been jammed for last 10 years and ERP was their only solution. Only when housing prices soar to record highs then talk about building more BTO to control or stabilize property market.

Still remember our MIW saying during last GE that the reason for housing shortage (or was it poor public transportation) was the fact that they did not foresee such a huge increase in population. Don't govt bodies communicate? One ministry allows huge foreign influx, the other ministry don't know and did not cater or prepare adequately?

Welcome to Singapore!

[hyenergix]

When citizens are super kiasu, our govt is operating directly opposite.

Only when things are cracking up then do something about it. Only when MRT train fails big time then start talking about maintenance. Only when people are packed like sardine and gotten pushed over in train station then talk about adding train trips and numbers. Only when number of car owners rises then talk about widening road and improving road infrastructure. Only when housing prices soar then talk about building more BTO to control or stabilize property market.

Still remember our MIW saying during last GE that the reason for housing shortage (or is it poor public transportation) was the fact that they did not foresee such a huge increase in population. Don't govt bodies communicate? One ministry allows huge foreign influx, the other ministry don't know and did not cater or prepare adequately?

Welcome to Singapore!

I don't think the transport, healthcare, education, housing etc issues can be solved in next 5-10 years. Current expansions may not have factored future demand into consideration. The expansions run into another issue: they are encroaching space for recreation, relaxation, social gatherings, greenery etc.

[minority]

It will get worse as we inch towards 6m population. Today i took the MRT to visit the JEM mall. Suffice to say the MRT journey is unpleasant and sardine packed. This is why people will still rather drive than take public transport. For those driving there is a long stretch of vehicles waiting to get into the parking lot and the queue does not seem to move. There is just a lot of stress on this island these days sue to human jam and congestion. Cannot imagine what it will be like with the targeted 7m number.

not really when everyone want to be in the same place at the same time. there will always be jam. look at the hello kitty Q. u mean not enough meh. its tks KSism going ard.

for JEM? coz new everyone want to go. this is wat u get when the whole Singapore converge on the same place. even if I give u 1M people if everyone want to go to the same place. just 10% u will also cannot take it.

[august]

Still remember our MIW saying during last GE that the reason for housing shortage (or was it poor public transportation) was the fact that they did not foresee such a huge increase in population. Don't govt bodies communicate? One ministry allows huge foreign influx, the other ministry don't know and did not cater or prepare adequately?

Welcome to Singapore!

The current leadership is weak and complacent.

[ysyap]

I don't think the transport, healthcare, education, housing etc issues can be solved in next 5-10 years. Current expansions may not have factored future demand into consideration. The expansions run into another issue: they are encroaching space for recreation, relaxation, social gatherings, greenery etc.

Sad sad problems... less room for recreation, relaxation, etc....

[ysyap]

The current leadership is weak and complacent.

Compared to the previous generation or other political leaders today?

[ysyap]

not really when everyone want to be in the same place at the same time. there will always be jam. look at the hello kitty Q. u mean not enough meh. its tks KSism going ard.

for JEM? coz new everyone want to go. this is wat u get when the whole Singapore converge on the same place. even if I give u 1M people if everyone want to go to the same place. just 10% u will also cannot take it.

This is a problem confronting our piece of small land. Have you heard that Universal Studio only allow a controlled number of people in a day? Crazy. Was totally shocked to learn of it the hard way when I went down 2 years back to buy entrance ticket but it was sold out . Imagine you bought an air ticket to HK and then go to Disneyland only to find out that there's no ticket for you to enter the theme park .

Our limited land only has malls this big and shopping arcade this huge to house this number of patrons. We cannot have more malls either so our 6 million people will have to pack these places during weekends lor. Come next decade when we reach 7mil and the number of malls are increase by another 1 or 2, is that sufficient planning? No choice. Sad truth indeed!

[ysyap]

On this topic of population increase... I understand that our govt always wants us to be hospitable to FT and FW. Well, just last week when I was waiting at the traffic light, I saw 3 PRC talking loudly and then spitting conveniently on the pavement. While such behaviors are normal in their country, it certainly is not normal here. As such, are we too much to expect that they conform to our societal norm or do we have to accept their different behavior before we are considered as 'welcoming them with open arms?'

[chestnut]

This is a problem confronting our piece of small land. Have you heard that Universal Studio only allow a controlled number of people in a day? Crazy. Was totally shocked to learn of it the hard way when I went down 2 years back to buy entrance ticket but it was sold out . Imagine you bought an air ticket to HK and then go to Disneyland only to find out that there's no ticket for you to enter the theme park .

Our limited land only has malls this big and shopping arcade this huge to house this number of patrons. We cannot have more malls either so our 6 million people will have to pack these places during weekends lor. Come next decade when we reach 7mil and the number of malls are increase by another 1 or 2, is that sufficient planning? No choice. Sad truth indeed!

Brudder, for safety reason lah.... Even US also like this...

http://www.examiner.com/article/disn...d-out-by-10-am


http://www.asiatraveltips.com/news06...sneyland.shtml

[ysyap]

Brudder, for safety reason lah.... Even US also like this...

http://www.examiner.com/article/disn...d-out-by-10-am


http://www.asiatraveltips.com/news06...sneyland.shtml

Is it? Ok... never been to US universal studio. Went to Australia Movie world, etc and Japan Disneyland all through tour so never had this problem. However, Disneyland in HK usually self buy but never had this problem before.

[economist]

Even though Singapore is packed, it is considerably much better than many other cities.

Some immigrants may have uncivil behaviors, but remember, not all of them do so. And, without them, Singapore will sink because other cities are developing much faster.

Govt has failed in the past to plan ahead, but they are trying to improve this.

All in all, be happy on what you have, and treasure it.

[teddybear]

Kovan double deaths: Murder suspected, and bodies believed to be father and son
A blood trail could be seen between the two locations. -ST

Wed, Jul 10, 2013
The Straits Times

SINGAPORE - The man found dead inside a house in Hillside Drive was in his 70s, while the man found dead outside Kovan MRT station along Upper Serangoon Road was believed to in his 40s.

Two bodies were found in Kovan about a kilometre from each other, and they are believed to be that of a father and son.
According to an article in Straits Times Online, the police has classified the case as suspected murder.
A blood trail could be seen between a private house on Hillside Drive and outside Kovan MRT station on Upper Serangoon Road, where each of the bodies were believed to have been found.
The man found dead inside a house in Hillside Drive was in his 70s, while the man found dead outside Kovan MRT station along Upper Serangoon Road was believed to in his 40s.
Officers from the Crime Investigation Department were on the scene on Wednesday evening, and a lane along Upper Serangoon Road was blocked off.
An eyewitness said that she saw a man being dragged by a car while she was driving.
About 20 cars were honking loudly at the driver but he or she did not stop, said the eyewitness.

[teddybear]

Sparing no effort will also not bring back the 2 men to life! So, better be safe than be sorry! So better avoid landed!



TITLE: DPM Teo says police sparing no effort to solve Kovan murders


By Kimberly Spykerman and Chitra Kumar
POSTED: 12 Jul 2013 6:18 PM

Deputy Prime Minister and Home Affairs Minister Teo Chee Hean has said the police will spare no effort in making sure justice is served in the suspected double murder at Kovan.

SINGAPORE: Deputy Prime Minister and Home Affairs Minister Teo Chee Hean has said the police will spare no effort in making sure justice is served in the suspected double murder at Kovan.
Mr Teo added that this is a very serious case and that he is being updated regularly by the Commissioner of Police. He described the case as "shocking" and offered his sympathies to the family of the deceased.
Mr Tan Boon Sin, 67, was found dead in his home at 14J Hillside Drive while the body of his 42-year-old son, Mr Tan Chee Heong, was found outside the Kovan MRT station on Wednesday afternoon.

The son's body was dragged under a car for one kilometre from the home before it was dislodged outside MRT station.

The car was later found parked at a car park at Eunos Avenue 7A.

No arrests have been made so far. Meanwhile the suspected double murder has shaken the usually quiet and peaceful neighbourhood.
Residents said they have begun taking their own precautions and hope that more can be done to increase security in the area.
A Hillside Drive resident, Madam Neo, said: "Now the kids are not allowed to play outside, which they usually do...So basically they have to stay indoors, for now at least. Well, we don't know what actually happened. It took place in the middle of the afternoon...not at night, it is a bit scary to think of that."
Police have assured the public that the case has been assessed to pose little risk to general public safety.
They urge the public to refrain from making unfounded speculations so as not to cause undue alarm and additional distress to the family of the deceased.

- CNA/ir

[wirehtc]

More n more violent crimes.

[DKSG]

U might as well say avoid Kovan Melody ?!

DKSG

[teddybear]

TITLE: Man arrested for housebreaking


POSTED: 12 Jul 2013 10:07 PM
Police have arrested a 44-year-old man for breaking into a residential unit in Compassvale Walk.
SINGAPORE: Police have arrested a 44-year-old man for breaking into a residential unit in Compassvale Walk.

On June 26, the victim left home for work at about 11am.

When she returned home at about 6pm, she discovered watches valued at about S$13,000 missing from her bedroom.

She also noticed tampering marks at the common corridor window.

Officers from Ang Mo Kio Police Division worked on the case and conducted extensive inquiries which led to the suspect's identity - an air-con serviceman who had previously serviced the victim's air-conditioners.

At about 2.30pm on Friday, the suspect was arrested in Ang Mo Kio Avenue 9.

The suspect will be charged in court on Saturday with housebreaking and theft by night.

If convicted, he could be jailed up to 14 years and caned.

Commander of Ang Mo Kio Police Division, Assistant Commissioner of Police Keok Tong San, advised residents to properly secure their windows and doors before leaving home or going to sleep.

- CNA/ms

[teddybear]

The man dead outside Kovan Melody?

U might as well say avoid Kovan Melody ?!

DKSG

[Autumnwinds]

The man dead outside Kovan Melody?

The man kana drag to kovan mrt ma. Which equals kovan melody

[relax88]

Landed is like that one. No security. No swimming pool. All repairs u bear

[teddybear]

Interesting news indeed! Businesses don't have to abide by TDSR even if they are investing in properties!
Then why individuals need? Individuals need MAS protection? Why prevent mom and pop investors from making profit in properties while business owners can?
No wonder many people say Singapore is nanny state?



'Shell' firms can't slip past new loan regime
TDSR to apply to individuals who set up entities to buy commercial, industrial properties
By
Kalpana Rashiwala
[email protected]




The view on the ground is that MAS' target is to foster financial prudence among mom and pop investors and prevent them from overleveraging, particularly when interest rates rise - PHOTO: BLOOMBERG







Singapore

INDIVIDUALS who set up "shell companies" for buying commercial or industrial properties to try and circumvent the total debt servicing ratio framework may be in for a disappointment.

The Monetary Authority of Singapore, responding to queries from The Business Times, said that "when individuals set up local or offshore 'shell companies' which do not have substantive businesses with genuine commercial activities, FIs (financial institutions) should assess these cases thoroughly and apply the TDSR framework accordingly" for the individuals concerned.

However, existing companies trading in property and/or holding investment properties for rental income are deemed to be engaged in "genuine commercial activities" and hence will not be subject to the TDSR framework. Likewise, new entities set up by, say, an established property group or fund would not be subject to TDSR if the FIs can establish the new entity's parentage.

[puffer_fish]

oh... thanks for the news.

no wonder the agent told me the owner is a company

so whether or not, the unit is sold, the employees of the company don't give a damn

anyway, will take my time to scout around.

[Ringo33]

Gov is allowing ths because of corp tax? I presume profit from asset disposal will be taxable as well unless they sell entire company together with it's asset

[teddybear]

Some foretelling based on OSC on effect of properties:
- 50% of Singaporeans want HDB to be more home & less asset,
& 18% of Singaporean want HDB to be all home & no asset.

Think Singaporeans will get their wish: Oversupply HDB flats to keep them cheap, both new sale & hence resale, & may be more policy measures to keep resale cheap.

Expect resale HDB 5Rm in OCR to be <$500k within 10 years, or <$500 psf.
OCR private properties, by virtual that they are roughly peg to 2x that of HDB resale, is unlikely to be significantly more than $1200 psf in long term, & will move with resale HDB prices.
Those buy OCR private >$1500 psf even if new, 1 word to describe it: stupi!

On other hand, CCR not affect in long term because CCR private properties prices not pegged to HDB flats, & far from HDB flats anyway, so can't compare.

So if you want to buy private property & you have >$1500 psf x 800 to spare, you should know where to buy!

& don't believe the crap about second CBD full of HDB flats. Did you see Marina Bay got any HDB flats?


===============================
Housing, healthcare and job security top Singaporeans’ concerns: OSC survey

Singaporeans have ranked public housing, public healthcare and job security as their top priorities, according to an “Our Singapore Conversation” (OSC) survey of 4,000 Singaporeans.

The survey was conducted to complement findings from OSC dialogues to find out more about the kind of country Singaporeans want for the future and how to get there. The findings from the survey and dialogues are detailed in “Reflections”, a 48-page newsmagazine launched on Saturday.

Particularly noteworthy is that public housing and public healthcare emerged as the top concerns for lower-income Singaporeans, while those better off placed more importance on public healthcare and job security. Being able to live in a safe and secure environment was also a primary concern for those earning S$7,000 or more a month.

Healthcare

In an article featured in “Reflections”, having a sense of assurance that we can all have access to quality healthcare was identified as Singaporeans’ No. 1 hope.

OSC committee member Lim Ru Ping, who facilitated two vernacular dialogues for the elderly, said, “I often hear complaints from senior citizens that MediShield and Medisave are too inflexible. They feel they don’t really have a say in how they want to use their savings.”

Participants at OSC dialogues suggested making MediShield compulsory, changing Medifund and Medisave rules to avoid placing too much burden on adult children who have to bear their parents’ healthcare costs, and to have individuals pay higher Medifund and Medisave premiums during their youth so that they can pay less when they are older.

But several participants were also wary about abuse in a welfare system and understood that more subsidies meant higher taxes. The Ministry of Health is reviewing the subsidies and 3Ms framework.

Housing

Public housing was another red-button issue that got Singaporeans talking, in particular whether an HDB flat should be treated as a home or an asset.

A Ministry of National Development (MND) poll showed that most Singaporeans hope for their HDB flats to remain*…

A Ministry of National Development (MND) poll showed that most Singaporeans hope for their HDB flats to remain as both their homes and assets. Among them, six in 10 said they wanted their flats to be first and foremost homes, then as assets that they could use for building a better life or for retirement.

While many agreed on the need for affordable new flats, there were various suggestions on how this should be achieved while maintaining fairness to past buyers.

These included extending the Minimum Occupation Period to reinforce the principle of owner-occupation, returning a portion of the sale proceed or net profit to the government when the flat is sold in the open market, and shortening the current 99-year lease provided home owners can extend it when their finances improve.

Another issue raised by single parent Faith Lim, an OSC dialogue participant, was about HDB ownership for families going through breakups.

Lim revealed that she had to make a quick decision to divorce her then-husband when her marriage broke down four years ago. That’s because she was not allowed to rent or buy an HDB flat as she owned a landed property with her then-husband.

Anxious to give her children a permanent home, she was left with no choice but to divorce her then-husband quickly.

5 core aspirations

Five core aspirations of Singaporeans were also identified from the discussions at OSC dialogues.

The OSC committee said five core aspirations emerged from the discussions at OSC dialogues that capture key directions*…

The OSC committee said the core aspirations and priorities embody a desire for a shift in policy directions in areas such as housing and healthcare, and recalibration of Singapore’s education.

What also emerged was a desire for individuals and the community to take on a larger role, to strengthen collective responsibilities and render more help to less advantaged Singaporeans.

As such, PM Lee is expected to address healthcare, housing and education issues, including tweaks to the Primary School Leaving Examination (PSLE), during his National Day Rally speech on 18 August, added Minister Heng.

The OSC committee said these findings have since been passed on to various ministries for consideration.

Here are other findings from the survey and dialogues on the aspirations of Singaporeans:


Singaporeans, especially those married with children, would choose a more comfortable pace of life over career advancement. This may suggest that family comes before career for these groups. (Photo ... more*

[teddybear]

Singapore has entered a new era, with govt guaranteeing every Singapore citizen that they will never be UNable to afford a property over their head - at least a HDB will always be affordable regardless of how much they earned (as long as they work)!
Tell me where in this world got such good deal? Not even in US & UK!

Unfortunately, I also heard of many "ungrateful" youngsters who are still complaining that they don't want that 4-room HDB flat in Sengkang at $300k! They want 4-room HDB flat in Queenstown at $300k! That is the big difference in expectation!



Letter to the editor: HDB flats better than many homes abroad


Sep 3, 2013 - PropertyGuru.com.sg

Dear Editor,

It is a pity to hear that some Singaporeans still think it is a burden to be able to own their own home within 25 years. We have one of the best public housing ownership programmes in the world and you don’t have to look very hard to come to this conclusion. Our HDB flats are comparable or even better than many private homes in other countries around the world.

Even lower-income households, as Prime Minister Lee Hsien Loong clearly illustrated in his National Day Rally speech, can own their home (a valuable asset) within 25 years. Compare this with other countries, both developed and developing, where lower-income families can at best rent a home (assuming they can afford to rent).

At the end of paying 25 years of rent, these individuals will have no asset to call their own. After 25 years, these citizens (if they can afford) will continue paying rent if they need a roof over their heads.

For those who cannot see value in owning their own home within 25 years, they can also rent a place like what happens in other countries.

The public housing scheme is a valuable benefit given to only Singapore citizens, and Singaporeans should take full advantage of this.

Christopher Leong

[minority]

Interesting news indeed! Businesses don't have to abide by TDSR even if they are investing in properties!
Then why individuals need? Individuals need MAS protection? Why prevent mom and pop investors from making profit in properties while business owners can?
No wonder many people say Singapore is nanny state?



'Shell' firms can't slip past new loan regime
TDSR to apply to individuals who set up entities to buy commercial, industrial properties
By
Kalpana Rashiwala
[email protected]



I


The view on the ground is that MAS' target is to foster financial prudence among mom and pop investors and prevent them from overleveraging, particularly when interest rates rise - PHOTO: BLOOMBERG










Singapore

INDIVIDUALS who set up "shell companies" for buying commercial or industrial properties to try and circumvent the total debt servicing ratio framework may be in for a disappointment.

The Monetary Authority of Singapore, responding to queries from The Business Times, said that "when individuals set up local or offshore 'shell companies' which do not have substantive businesses with genuine commercial activities, FIs (financial institutions) should assess these cases thoroughly and apply the TDSR framework accordingly" for the individuals concerned.

However, existing companies trading in property and/or holding investment properties for rental income are deemed to be engaged in "genuine commercial activities" and hence will not be subject to the TDSR framework. Likewise, new entities set up by, say, an established property group or fund would not be subject to TDSR if the FIs can establish the new entity's parentage.

It's a complain n kpkb state.
Protect individual say nanny. Don't protect say state don't care.

[teddybear]

Oh my gosh!


Heavy rain causes flashfloods, traffic jams in several parts of Singapore







Thursday, September 5, 2013 - 10:05The Straits Times



Heavy rain causes flashfloods, traffic jams in several parts of Singapore
SINGAPORE - Many parts of Singapore reported moderate to heavy thundery showers on Thursday morning, resulting in flashfloods and traffic jams in some areas.
Cars damaged by fallen tree; likely caused by Thursday morning's heavy rain
A large tree fell on two cars along Dunearn Road early Thursday morning, causing a massive jam along a stretch on Bukit Timah Road.

Get the full story from The Straits Times.

Here's the press release from PUB:
Heavy rain fell over the central and western parts of Singapore this morning from 8.15am to 9.30am. The heaviest rainfall was recorded at Kent Ridge with a rainfall of 102.8mm from 8.10am to 9.40am. It peaked between 8.15am to 8.50am, with a rainfall of 82.2mm.
Flash floods were reported at the following locations: - Ayer Rajah Expressway (AYE) 9.6km, towards East Coast Parkway (ECP) - Commonwealth Avenue/Lane/Drive - Junction of South Bridge Road and Maxwell Road, Alexandra Road, towards Lower Delta Road (near Ganges Avenue) - Lorong Kismis
The areas most affected by the flash floods were the AYE and Commonwealth Avenue. At the AYE, the drains overflowed due to the intense rainfall and rising tide. Flood waters reached a depth of half a metre and subsided within 40 minutes. All four lanes of AYE towards ECP were closed to traffic during the flood. PUB has plans to upgrade the Sungei Pandan Kechil, which serves this section of the AYE.
For Commonwealth Avenue, PUB has scheduled drainage improvement works, which will commence in 4th Quarter 2013 and are expected to complete by 1st half of 2015
PUB advises the public to exercise caution as flash floods may occur in the event of heavy storms.
The public can also call the PUB 24-hour Call Centre at 1800-284 6600 or go to PUB's Facebook www.facebook.com/PUBSg or PUB iphone apps iPUBOne to report flash floods or to check on the flood situation. The public can also get updates on water level information in key canals/drains through PUB's Facebook Page: www.facebook.com/PUBSg, Twitter: twitter.com/PUBSingapore or website: www.pub.gov.sg.
For the latest weather reports, including heavy rain warnings, members of the public can call NEA's weather forecast hotline at 6542 7788, visit the NEA website at www.nea.gov.sg or use the mobile weather service (Weather@SG - weather.nea.gov.sg).
SMS alert services on heavy rain warning and water level information are also open for public subscription at: http://www.pub.gov.sg/managingflashf...iptiontoSMSAle...
For weather updates from AsiaOne, click here:

Singaporeans encountered flash floods in parts of Singapore this morning (Sep 5), such as the Ayer Rajah Expressway and Clementi, which caused traffic jams lasting for more than half an hour.
According to a Straits Times report, a tree fell on two cars, causing massive traffic jam along Dunearn Road.
These areas reported high flood risk: Pandan Kechil, Sime Darby Centre, Sunset, Alexandra Canal near Zion Road, Commonwealth Avenue/Commonwealth Drive, and Indus Road/Ganges Avenue.
Flash floods also occurred at Alexandra Road, near the junction of Delta Road, and Commonwealth Avenue/Commonwealth Drive, near Commonwealth MRT station.
But the floods have subsided by 9.48am, according to the PUB.
Stomp contributor Steven said:
"Flash flood at AYE Exit 9.
"The flood is still there and at tire level.
"I was stuck there for half an hour and many cars were partially submerged."

[DKSG]

The relevant information is which are the PCs that are affected by the floods ? Zion Road means Melrose Park, Zenith, Mill Point, Valley Park ?

Are those previously affected PCs like Tesserina still affected ?

DKSG

[thomastansb]

I am dead against this policy and the 7% ABSD for 2nd house.

MAS is telling us we cannot buy a second house for my parents?

Or Singaporeans cannot buy a 2nd house in Singapore? Then have pink IC for what...

What a joke. 3rd house I can understand. But 2 is ridiculous.

Interesting news indeed! Businesses don't have to abide by TDSR even if they are investing in properties!
Then why individuals need? Individuals need MAS protection? Why prevent mom and pop investors from making profit in properties while business owners can?
No wonder many people say Singapore is nanny state?

[thomastansb]

I don't mind. If resale drop, I can buy a 3 bedroom resale near MRT. I always wanted to do so but I MTB.

You have resale, creditors can't take away from you, Government will really have to think a million times before taking from you (99 LH), can rent out at a high yield and prices would be relatively stable. I think it is a good buy. Too bad I MTB. Last time 1 year MOP only and you can have both HDB and private. Now, you have private cannot buy HDB but all these will reverse when HDB drop 30%. Let's wait and see....

Singapore has entered a new era, with govt guaranteeing every Singapore citizen that they will never be UNable to afford a property over their head - at least a HDB will always be affordable regardless of how much they earned (as long as they work)!
Tell me where in this world got such good deal? Not even in US & UK!

Unfortunately, I also heard of many "ungrateful" youngsters who are still complaining that they don't want that 4-room HDB flat in Sengkang at $300k! They want 4-room HDB flat in Queenstown at $300k! That is the big difference in expectation!