Unlike owners of leasehold condos, HDB dwellers are not permitted to use even their fully paid-up flats as collateral to banks, to raise credit facilities for private loans. HDB also refers to flat owners as tenants, and those who rent from the owners as sub-tenants.
In my opinion, 69 is best, but I am not referring to leaseholds on public housing.
PAP ministers like Desmond Lee are able to earn the monthly salary of the average S'porean in 2-3 hours, so they can easily afford bungalows. For our politicians, even the most expensive HDB flats may be paid for without having to touch their monthly income. This is why policymakers like Desmond Lee are so out of touch with the ground that he believes million-dollar HDB flats are affordable to the man-in-the-street S'porean.
When I started working, a single-income household could afford a HDB flat with the wife being a homemaker. These days, more couples rely on dual incomes, but struggle financially. HDB flats are unaffordable to many of them, so how does the Govt expect S'poreans to have more children? Many couples do not even dare to have one child.
I have never believed a word from mercenaries who are in public service only for the obscene wages that they would not be able to command in any other job without accountability. Self-service is the motto of greedy politicians.
All these PAP elites and their offsprings and relatives all get their jobs via connections here and there one...
