Category Archives: POLITICS

‘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

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

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PAP should prepare to face voter backlash at GE2019, 6-figure losses affecting more HDB lessees of older flats

More than a decade ago, PAP must have already been aware of the excessive use of CPF for housing:  CPF usage for 99-year leasehold private property with remaining lease of between 60 and 30 years was drastically reduced. PAP could, … Continue reading

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