20120306 A heartlander’s take on Tharman’s comments

From: phillip ang
Sent: Tuesday, March 06, 2012 6:21 AM
To: LEE_HSIEN_LOONG
Cc: zblocal ; theonlinecitizen toc ; <a title="sylvia ; stlocal ; stanley93896999 ; ongqyqy ; nicole.rebecca.seah ; newseditor ; news ; Liew Andy ; <a title="lchertan ; ken_dxb ; jayakumar89 ; ignatius ; gerald.giam ; choonhock ; bok koh ; <a title="andrew
Subject: 20120306 A heartlander’s take on Tharman’s comments

Dear PM Lee

I refer to Mr Tharman’s statement on the ability of Singaporeans with $1000/month salary to purchase an HDB flat.

2 Ministers Khaw Boon Wan, Josephine Teo and now Tan Chuan Jin have also weighed in to support a statement which heartlanders have perceived to be far-fetched.

3 The government should have provided facts and figures ie. the number of Singaporeans with $1000/month salary who have purchased a 2 room flat etc. to dispel our doubts. (Is the $60000 grant readily available to such a needy Singaporesn or are there conditions upon conditions? Are needy Singaporeans too naive to be aware of such a grant (windfall)?)

4 Many Singaporeans with housing problems have raised the issue with their MPs. If MPs have been assisting, why aren’t most needy Singaporeans buying 2 room HDB flats instead of renting? Why is there a need for 50000 rental flats to begin with?

5 One has to assume that it is more likely those who are in need do not qualify for the entire $60000 grant. If such is the case, Tharman should not have used an example rooted in theory but divorced from reality.

6 Purchasing a flat is the biggest financial decision for every heartlander. The immediate need for a person with very low income is not to own a flat but to put food on the table, taking care of daily needs, children’s education etc. and not to commit to a 20 to 30 year mortgage with a huge uncertainty hanging over one’s head.

7 Tan Chuan Jin mentioned there are people who have bought flats earning that level of income. Instead of verbally supporting Tharman’s statement, which we all have already either heard or read, why did he not provide figures and profiles of those people? Khaw Boon Wan said that housing grants of up to $60000 may lower the cost of purchasing a flat and immediately assumed the buyer needed to take only a $40000 mortgage. In reality, how many people have qualified and received the $60000 grant?

8 Singaporeans are unhappy because we perceive Tharman to have used a best case scenerio which in reality seldom apply to the masses. Politicians make it sound so easy while many Singaporeans are struggling daily.

9 If Tharman’s example is indeed far-fetched, he should just apologize and move on. Or provide facts and figures to support his claim. I hope we dont reach a situation where the backing of the entire Cabinet is needed.

Thank you.

Regards

Phillip Ang

PS

Any clarification should be given by the minister concerned. Every minister should be able to stand on his/her own two feet. Tharman should also illustrate how a family earning ‘$1200 or $1500 can purchase a medium sized flat’. (3 or 4 room HDB?) Again, please no best case scenario only and also take into consideration day to day living expenses of a family.

Illustration – family earning $1200 (married couple with 2 children)

Assuming average price of 3 rm costing $113,000 with maximum grant taken. (2012 Jan launch)

CPF for housing @ 23% – 276
HDB loan for 30 years – 453
Cash outlay (177)
Net cash available –783

Conclusion – Does Tharman expect a family to live on $783/month?

Illustration – family earning $1500 (married couple with 2 children)

Assuming average price of 3 rm costing $113,000 with maximum grant taken. (2012 Jan launch)

CPF for housing @ 23% – 345
HDB loan for 30 years – 453
Cash outlay (108)
Net cash available -1047

Conclusion – extremely tough due to high cost of living. Less necessities like phone, utilities etc. can each member live on less than $10 including food?

There must be systemic problems when a large percentage of Singaporeans require handouts from the government yearly. People have dignity.

By Tharman’s definition of a medium-sized flat, it can only mean a 3 room HDB (60 to 65 square metres) as a 4 room HDB is out of the question. (see prices below)

2012 HDB Launch

12JANBTO_title1.gif;pvbceabe734b359ba1

Project Flat Type Selling Price
(excluding Grants)
Selling Price
(inclusive of Grants)
Sunshine Gardens Studio Apartments From $77,000
3-room From $146,000 From $111,000
4-room From $229,000 From $214,000
5-room From $295,000 From $285,000
Fernvale Lea
2-room From $83,000 From $23,000
3-room From $145,000 From $110,000
4-room From $234,000 From $219,000
5-room From $283,000 From $273,000
Waterway Sunbeam 3-room From $152,000 From $117,000
4-room From $257,000 From $242,000
5-room From $340,000 From $330,000
Tampines GreenTerrace
& Tampines Alcoves
Studio Apartments From $86,000
3-room From $183,000 From $153,000
4-room From $292,000 From $277,000
Advertisements
This entry was posted in EMAIL TO PM LEE/MINISTERS/GOVT. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s