Serious It's Official! Sinkies Own Their HDB Flat! Oppies, Pls Stop Spreading Lies That HDB Is A Long-term Tenancy!

[Leongsam]

Is there anywhere in Singapore where a parking lot alone costs US$760,000?

I don't think the people living in HK's public apartments are happy. You are welcome to move to HK's HDB flats if you think they are that good.

You can also tell these whinging, unappreciative, entitled sinkies that in HK the lease for public housing is only 50 years.

 

[Kopi0Kosong]

JohnTan: Is there anywhere in Singapore where a parking lot alone costs US$760,000?
I don't think the people living in HK's public apartments are happy. You are welcome to move to HK's HDB flats if you think they are that good.

Such unscrupulous PAPish tactic of blurring the line in argument, and not stating the difference between LEASE and OWNERSHIP.
The US$760,000 is for OWNERSHIP of a big parking lot.

To compare:

Tanjong Pagar Complex at 7 Keppel Road, S(089053 - a PUBLIC BUILDING
MON-FRI before 5/6 PM
$1.29 for 1st 30min, $0.43 for every 10min thereafter from 7am to7pm

Assuming 10 hrs per day = $26 per day
1 year = 365 x 26 = $9,490
99 years = $939,510

If based on ownership of 24hrs per day
1 day = $62.40
1 year = $22,776
99 years = $2,254,824

Is there a need to compare when the HK SAR parking lot is FREEHOLD or longer than 99 years, and covered and guarded in a prime residential/commercial area!!!!

Singaporeans have been Paying and paying without understanding. Cheated and abused without knowing.
It's time to wake up, Open our eyes to SEE, the brains to THINK, and the hearts to FEEL.[/QUOTE][/QUOTE]

 

[Leongsam]

Can you please stop messing up the quotes. It makes your posts unreadable.

My advice to you is to try living in HK for 2 years and then come and live in Auckland for 2 years. You'll go home with new found appreciation as to just how good the PAP is.

I used to be like you, a typical sinkie who is constantly complaining about the government. I started appreciating the PAP only after I had left Singapore for what I thought were greener pastures. How wrong I was.

 

[Kopi0Kosong]

Anyone that can afford a car in Singapore can easily afford an extra thousand dollars per annum to park it.

Yes, Pay and Pay; Squeeze and squeeze. Who dares to say anything? The bulLEE is the ruLEEr. He decides, He dictates and everyone must agree and follow.

Yes, this is present day Singapore. Mistreated, misused and abused.
It's time to awaken, Open the eyes to SEE, the brain to THINK, and the heart to FEEL.

 

[Leongsam]

Yes, Pay and Pay; Squeeze and squeeze. Who dares to say anything? The bulLEE is the ruLEEr. He decides, He dictates and everyone must agree and follow.

Yes, this is present day Singapore. Mistreated, misused and abused.
It's time to awaken, Open the eyes to SEE, the brain to THINK, and the heart to FEEL.

LHL is simply doing what he thinks is best for Singapore and its citizens for the long term. He is not thinking of himself.

 

[Kopi0Kosong]

LHL is simply doing what he thinks is best for Singapore and its citizens for the long term. He is not thinking of himself.

iNTENTIONALITY and ACTUALITY!
How and What a LEEder THINKS may not be always right or appropriate to some or even ALL.
Is LHL an exception? Yes, if we go by "The BOSS is always right. If wrong, see rule number ONE."

 

[Leongsam]

iNTENTIONALITY and ACTUALITY!
How and What a LEEder THINKS may not be always right or appropriate to some or even ALL.
Is LHL an exception? Yes, if we go by "The BOSS is always right. If wrong, see rule number ONE."

If Singaporeans were not happy they would have voted him out a long time ago. He has a solid mandate to govern as he sees fit.

 

[zhihau]

Yes there are loads of schemes and acronyms but you have to realise that they are all beneficial to Singaporeans.

CECA is good for Singapore, you sure?

 

[Leongsam]

CECA is good for Singapore, you sure?

It has brought 8000 Indian companies to Singapore. That has to be a good thing.

 

[Kopi0Kosong]

Walking down the same path. This will be the Singapore of Tomorrow. A Land of Opportunities... for WHO? Our grandchildren?

A Hong Kong couple pocketed a staggering HK$2.6 million (US$330,000) profit by reselling a car parking space in less than nine months after buying it.

The single parking bay at Sun Hung Kai Properties’ Ultima apartment complex in the Kowloon district set a new world record on Monday, changing hands for HK$6 million (US$760,000), or HK$44,444 per square foot.

The seller, a Hong Kong couple, had paid HK$3.4 million for it in September 2017, according to Land Registry documents.

The price per square foot for the small patch of concrete at the Ultima luxury development in Ho Man Tin is far higher than the average for residential property in Hong Kong, which according to JLL, stands at HK$15,600 across the city as a whole and HK$16,350 in Kowloon.

When will it end? Hong Kong home prices rise again

 

[Kopi0Kosong]

If Singaporeans were not happy they would have voted him out a long time ago. He has a solid mandate to govern as he sees fit.

Was that not what was said of UMNO? He HAS or He HAD is dependent on the HE, THEY and WE... or is it US or ARSE!!!!
It's either 'The END is painful' or 'It's the PAINFUL END'!
"Either...or ..." and "Neither...nor..." - The answer is in "WHO IS IT FOR"

 

[Kopi0Kosong]

It has brought 8000 Indian companies to Singapore. That has to be a good thing.

There is a distinct difference between "THAT HAS TO BE..." and "IT IS...".
ReaLEEty and reaLIty and IntentionaLEEty and Actuality. We shall SEE.

 

[Kopi0Kosong]

Can you please stop messing up the quotes. It makes your posts unreadable.
My advice to you is to try living in HK for 2 years and then come and live in Auckland for 2 years. You'll go home with new found appreciation as to just how good the PAP is.
I used to be like you, a typical sinkie who is constantly complaining about the government. I started appreciating the PAP only after I had left Singapore for what I thought were greener pastures. How wrong I was.

Must I [since the YOU was used] stay in HK SAR and Auckland to understand the situations therein? To clarify that I am not 'a frog in a well', let me state that I have stayed and worked in Kristainstad-Sweden, Taskent-Uzbek, Shijiazhuang-Hebei and Brisbane-Australia. I have been on working visits to Anglo and Franco countries in Africa, and South Asia. I own FREEHOLD [not 999 leasehold] land in Singapore and properties in Malaysia. I am a true indigenous Singaporean and have served my National Service. However, I celebrated Malaysia's National Day because it's a public holiday for me and my money-making machines in that country. Why do I keep saying that Singapore is HOLLOWING OUT!

Do I appreciate or like the PAP? No, Why should I? What have they done for me? What have they done to me?
Do I love Singapore. Yes, THIS IS MY COUNTRY. I was born here and I hope to die here...
but...
It's stupid for PAP LEEders to formulate and implement policies to FIX Singaporeans into staying in the country;
It's ungentlemanLEE to misinform, misuse and abuse;
It's unjustified to penalise everyone just because of the fear of a few;
It's inhumanely to decide and act on someone's behalf, on the pretext of doing it for one's good.

 

[JohnTan]

JohnTan: Is there anywhere in Singapore where a parking lot alone costs US$760,000?
I don't think the people living in HK's public apartments are happy. You are welcome to move to HK's HDB flats if you think they are that good.

Such unscrupulous PAPish tactic of blurring the line in argument, and not stating the difference between LEASE and OWNERSHIP.
The US$760,000 is for OWNERSHIP of a big parking lot.

To compare:

Tanjong Pagar Complex at 7 Keppel Road, S(089053 - a PUBLIC BUILDING
MON-FRI before 5/6 PM
$1.29 for 1st 30min, $0.43 for every 10min thereafter from 7am to7pm

Assuming 10 hrs per day = $26 per day
1 year = 365 x 26 = $9,490
99 years = $939,510

If based on ownership of 24hrs per day
1 day = $62.40
1 year = $22,776
99 years = $2,254,824

Is there a need to compare when the HK SAR parking lot is FREEHOLD or longer than 99 years, and covered and guarded in a prime residential/commercial area!!!!

Singaporeans have been Paying and paying without understanding. Cheated and abused without knowing.
It's time to wake up, Open our eyes to SEE, the brains to THINK, and the hearts to FEEL.

[/QUOTE][/QUOTE]


Except that sinkies own their cars for 10-year blocks because of COEs. So, using your figures for 10 hours pay per day, they would be paying $94,000 to park for 10 years.

Every 10 years, most sinkies can decide whether to renew COE or squeeze on the trains like the poor people do. Sinkies have a choice. Most sinkies would keep the cars for 20 years. So they would be paying $190,000 over 20 years for parking. It's still cheaper than parking in HK, where you fork upfront $760,000 for the carpark lot.

 

[JohnTan]

Must I [since the YOU was used] stay in HK SAR and Auckland to understand the situations therein? To clarify that I am not 'a frog in a well', let me state that I have stayed and worked in Kristainstad-Sweden, Taskent-Uzbek, Shijiazhuang-Hebei and Brisbane-Australia. I have been on working visits to Anglo and Franco countries in Africa, and South Asia. I own FREEHOLD [not 999 leasehold] land in Singapore and properties in Malaysia.

It looks like you have done very well for yourself thanks to growing up and studying in a PAP environment. So what's your real beef? So it turns out that whatever injustices you had suffered under PAP had been imaginary all this while. You were angry on other people's behalf. You some kind of social justice warrior?

 

[Kopi0Kosong]

JohnTan: Except that sinkies own their cars for 10-year blocks because of COEs. So, using your figures for 10 hours pay per day, they would be paying $94,000 to park for 10 years. Every 10 years, most sinkies can decide whether to renew COE or squeeze on the trains like the poor people do. Sinkies have a choice. Most sinkies would keep the cars for 20 years. So they would be paying $190,000 over 20 years for parking. It's still cheaper than parking in HK, where you fork upfront $760,000 for the carpark lot.

Still trying to blur the argument and moving over to COE and car. Furthermore, what is the comparison between parking 20 years in Tanjong Pagar and a $760,000 property in HK SAR? Anyway, your posting substantiate the point that people in Singaporean have been made to pay and pay, although not the amount you had stated.

 

[Kopi0Kosong]

It looks like you have done very well for yourself thanks to growing up and studying in a PAP environment. So what's your real beef? So it turns out that whatever injustices you had suffered under PAP had been imaginary all this while. You were angry on other people's behalf. You some kind of social justice warrior?

Yes, another PAP's characteristic trait on display - claiming undue credit shamelessLEE.

Yes, I am doing very well and it's due to the sacrifices and efforts of MY parents, MY family and MY friends. I achieve because I worked for it...and it's not because I have great PAP LEEders helping me. It's my family and not the other famiLEE. My MP then was from SDP. Should I also attribute credit to them? Based on your reasoning, maybe I should.

PAP LEEders are paid, monetary and in kind [especially the intangibles] to perform their duties and responsibilities. Performance should commensurate with takings. When a LEEder demands to be paid the WORLD'S HIGHEST AMOUNT, he or she should deliver accordingly. Singaporeans expect fair value. Acting high and mighty. and giving self-praises continually are signs of insecurity and ineptness.

 

[JohnTan]

Yes, I am doing very well and it's due to the sacrifices and efforts of MY parents, MY family and MY friends. I achieve because I worked for it...and it's not because I have great PAP LEEders helping me. It's my family and not the other famiLEE. My MP then was from SDP. Should I also attribute credit to them? Based on your reasoning, maybe I should.

You achieved it not entirely due to your own efforts or your family or friends, important as that is.

A huge part of your success also depended on your environment, whether the society was meritocratic enough to allow social mobility.

Lots of people in ASEAN, India, Bangladesh, Africa, Central America worked very hard, received help from family and friends, and still live in poverty, making a miserly wage barely enough to put food on the table.

These people understood that hard work alone isn't enough to succeed. A stable society that allows social ability is necessary, and that depends a lot on the government of the day and the sort of values it stands for. Look at the human migration from central america into north america, or from africa to europe, or from chinkland and india into singapore. You don't see sinkies moving en masse to china in search for a better life.

Don't let your irrational hate for PAP cloud your judgement.

 

[JohnTan]

Still trying to blur the argument and moving over to COE and car. Furthermore, what is the comparison between parking 20 years in Tanjong Pagar and a $760,000 property in HK SAR? Anyway, your posting substantiate the point that people in Singaporean have been made to pay and pay, although not the amount you had stated.

In Singapore, COE and car ownership goes hand in hand. If you aren't aware of it, then are you even living in Singapore?

The comparison is simple. Owning a car for 20 years will cost you about $200,000 in parking fees while parking a car in HK will cost you $760,000 immediately.

Sinkies pay and pay small amounts over a long duration, Hongkies pay a huge lump sum upfront for 99 years. I rather pay and pay small amounts since I can end car ownership anytime I want, even before the 10 year COE expires. HK government sucks you dry immediately for 99 years' worth.

 

[virus]

HDB's website says that for a 4-room flat with a market value of S$450,000 today and a leftover lease of 65 years, if the home "owners" choose to keep 30 years of their lease, they can sell the tail-end of the last 35 years of the lease to the government.

And how much is the last 35 years of the lease? Only S$190,000.

So there you have it, you have your answer. If you have a flat which has 65 years left on its lease now, and the flat value is S$450,000 now, the flat value will decline to S$190,000 after 30 years. This also means that in the next 30 years, S$260,000 of your flat value will be wiped out.

Based on the government's calculations, if you chart it out, this means that the value of your flat will start declining almost immediately after the 35th year. It might not even be after 50 or 60 years like some academics have estimated.

It will look something like this:
35th year: S$450,000
45th year: S$360,000
55th year: S$270,000
65th year: S$190,000
75th year: S$150,000
85th year: S$100,000
95th year: S$50,000
99th year: S$0

This is another of the government's example: for a 3-room flat which is worth S$350,000 now and has 64 years left on its lease, the flat value will decline to S$148,000 after 30 years, which again means that in the next 30 years, S$202,000 of your flat value will be wiped out.

It will look something like this:
35th year: S$350,000
45th year: S$280,000
55th year: S$210,000
65th year: S$148,000
75th year: S$100,000
85th year: S$60,000
95th year: S$30,000
99th year: S$0