Author Archives: Phillip Ang

‘Temasek’ and ‘GIC’ unable to prevent Hyflux from seeking court protection?

Although Temasek may not have any interest in Hyflux, it is a government-linked company. On Hyflux’s board are former paper colonel Gay Chee Cheong and Lau Wing Tat, former GIC senior management executive. Gay is also a director of Heliconia Capital Management … Continue reading

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PAP depressed prices of older flats to stem CPF funds outflow from GIC

Singaporeans should take note that numerous policy tweaks are merely attempts to stem funds outflow from GIC. Funds outflow – redemptions in the case of Ponzis – will spell the death knell for GIC, ultimately leading to the spectacular collapse of … Continue reading

Posted in HOUSING, POLITICS | Leave a comment

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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