Just a little confused by the report. The information given are :
1. He sold his flat for 310k
2. He is 59 years old i.e. He turned 55 in 2011
3. He doesn't get a cent from the sale
For those turning 55 in 2011, the minimum sum should be 131k. The medisave must follow current rate which is 48k. Therefore, a total of 179 will be locked up in cpf. What happens to the difference of 310 - 179 = 132k? I think it must be outstanding loan that he needs to pay back.
I guess his net proceed is not enough to meet the minimum sum and medisave. Probably he bought the flat from the resale market with loan. Another silly guy who got conned by "asset enhancement".
Whatever it is, this fucking Sinkie Chink still gets to have some measly amount returned to him after deducting the Min Sum, pay back loan and the accrued interest to Con People Fund Board.
But being a selfish, arrogant bastard of a Sinkie Chink, he feels the GRAND FATHER LKY law should not apply to him and he should have the entire amount due, returned to him.
You just watch and see the good show, in the coming years when more and more Sinkie bastards become OLD and they NEED MONEY.
Things will escalate to a level so UGLY ,that will be retribution time on the white scums.
But who says the white scums will be here to 'entertain' the Sinkie idiots!LoL