Old fart likes to believe that HDB dwellers are sitting on a gold mountain, but doesnt realise that they are only paper gains. If the prices keep going up. when they sell their flats, they will have to pay more for the next flat.
Flat owners end up selling high but buying higher. But that is still better than Temasek Holdings and GIC - they buy high and sell low.
There are too many posts like yours for far too long. It is people like you - the so-called 33% that is the cause of PAP stay in power.
People like you think that LKY and his pappies really care for the country when the fact is that they care for themselves first. When you believe in this only then can you convince the other 66%.
Otherwise you are worse off than the 66% because you are weak and when you pretend to be strong. A little wind blows and you're off teh step.
Heh! CB! Of course they know it is only a lease. Of course they know the price is high and even artificially so. Yes they know that more demand plus lower supply equals higher price. THey also know that FTs will push prices up just like how the Hongkies did so when thousands of them came here before 1997.
Wake up your fucking idea and smell the shit from the roses. The PAP is a diabolical beast that is only interested in itself. They have entrenched themselves so well that to them taking care of themselves feels like taking care of the country.
I hope to live long enough to see pappies going to prison for seditious acts.