Monthly Archives: September 2018

PAP depressed prices of older flats to benefit HDB, lessees sell back remaining lease at lelong price under Lease Buyback Scheme

In 2013, PAP severely limited the use of CPF for flats with leases of less than 60 years. At this stage of the HDB lease cycle, PAP really has no choice but to depress HDB flat prices.  This is to enable HDB … Continue reading

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FB images from 31 Aug to 15 Sep 2018

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FB images from 20 to 30 Aug 2018

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Useless ESM title but Lau Goh still paid more than 1 million in tax dollars yearly

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CPF Board insolvent, every road leads to GIC

CPF Board (CPFB) has loaned $376.6 billion in members’ retirement savings to the PAP government. This gargantuan amount is used by GIC to speculate in highly-risky foreign assets.  Massive investment losses* have been covered up over decades and GIC is unable … Continue reading

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