Well, once again the hand of our gov is visible.
I was struck by the news report in the ST today with regards to selling HDB flats purchased with CPF funds beneath valuation.
If a hdb flat is resold beneath its valuation, the owner would have to top up the difference by paying into the CPF again.
Rationale, to deter cash back schemes, which sounds superbly delusional in my humble opinion.
It is just an attempt to prop up the artifically inflated, prices of the HDB flats, would be the logical conclusion of anyone who gives it any thought.
Enforcement of a "loosely enforced rule in the boom heydays".
Sometimes i wonder if we are living in a computer simulation, which tries to determine how much bull shit, ordinary humans can take...
sayn
I was struck by the news report in the ST today with regards to selling HDB flats purchased with CPF funds beneath valuation.
If a hdb flat is resold beneath its valuation, the owner would have to top up the difference by paying into the CPF again.
Rationale, to deter cash back schemes, which sounds superbly delusional in my humble opinion.
It is just an attempt to prop up the artifically inflated, prices of the HDB flats, would be the logical conclusion of anyone who gives it any thought.
Enforcement of a "loosely enforced rule in the boom heydays".
Sometimes i wonder if we are living in a computer simulation, which tries to determine how much bull shit, ordinary humans can take...
sayn