HDB resident informs TC chairman that he will not pay increase in s&cc

[kaipoh]

Can someone use the 20Mil to invest in stock or bond to earn more interests?

My god, Sembawang is so rich with more than 20 million in sinking funds, yet it is so ugly and mostly new developments without much amenities. Imagine how many MRT Stations in Sembawang GRC and none in Marine Parade? Yet Northpoint must be the smallest mall in Sembawang!

 

[tonychat]

BTW just in case no one knows what the sinking fund is for

Sinking Fund is the fund set aside to meet Town Council expenses or liabilities in relation to cyclical maintenance works. Types of Sinking Fund expenditures include repainting and redecoration projects, electrical rewiring, reroofing, co-payment of Town Council Lift Upgrading Programme (up to 95% paid by the Town Council), replacement of water pipes, replacement of refuse handling equipment and replacement of water and booster pump sets. These are longer term works which are carried out at intervals ranging from 7 to 28 years.

There was the cas in Potong Pasir where there was not enough money for lift upgrade in their sinking funds

In April, he had asked for an instalment plan spanning nine years to repay the $8.7 million that the town council owed to MND for the Lift Upgrading Programme (LUP) to be done in 48 blocks, instead of the 2014 deadline.

He needed the extension because the town council does not have enough in its residential sinking fund.

According to its annual report, as of March 31 last year, the Town Council had $4.4 million - not enough to cover the cost of the 48 blocks that have been identified for the LUP, which wouldamountto $8.7 million.

http://news.asiaone.com/print/News/Latest%2BNews/Singapore/Story/A1Story20120706-357650.html

richest country don't have money for town council? oh pls..it is about allocation of resources. all the fund being lost to oversea investment lah...

i support the right for that true Singaporeans to not pay the increase charges and all Singaporeans to be united to do that and to show PAP who are the real powers. Hit the PAP in their pockets and throw them out of the government office.

 

[halsey02]

Mr. Philip Ang , who did you fucking vote for ? :oIo:

Mr. Philip Ang....bo bian voted for______, for they promised him a 'rose garden'...more GOOD YEARS, ASSESS enhancement, affordable healthcare, is he a pioneer...then PIONEER PACKAGE..is he younger...more incentive for him to 'fook' and produces more income generators aka CHILDREN...

How many of these " Mr. Philip Ang" will wake up.....