LKY said value of homes up 10, 15, 20, times but unwise to sell them

[Leepotism]

Public housing must keep up with rising aspirations of people: Ex-MM Lee

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SINGAPORE: Former Minister Mentor Lee Kuan Yew said public housing has to keep up with the rising aspirations of Singaporeans and that the facilities and design of older estates should also not fall behind newer ones.

Mr Lee was speaking at a tree planting event at Havelock View on Sunday.

Many residents of Havelock View turned up to welcome Mr Lee Kuan Yew who was there as part of the Tree Planting day celebrations.

"I started this campaign 50 years ago in the 1960s, I saw Hong Kong - concrete and tarmac, no trees, no grass, nothing. I decided we will not be like that. We became different, trees everywhere, opens spaces with grass, children's playground and a clean and safe environment," Mr Lee said.


Mr Lee said the standard of living has improved and public housing must keep up with rising aspirations.

Older estates have benefited from a range of programmes such as the Lift Upgrading Programme (LUP) and the Neighbourhood Renewal Programme (NRP).

"Everybody owns their own homes and the value of their homes go up as development takes place. Some are unwise enough to sell their homes, thinking they can buy another one, they then find they can't and have to rent a flat.

"But those who held on to their homes, I've seen their property values going up, five times, 10 times, 15 times, 20 times. This was the plan which we had from the very beginning, to give everybody a home at cost or below cost and as development takes place, everybody gets a lift, all boats rise as the tide rises.

"We are investing to bring it up to date and you pay a token sum, the government carries the rest and HDB has been doing a fine job to give you an environment that you have today," Mr Lee shared.

But he said however nice the buildings may be, forging neighbourliness is also important.

"If neighbours don't cooperate to keep a bond of ownership of the place, it will not succeed."




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[chonburifc]

Of all, how come this old fuck just won't die?

50 years ago?? Talk old stories again.

 

[Cestbon]

"But those who held on to their homes, I've seen their property values going up, five times, 10 times, 15 times, 20 times. This was the plan which we had from the very beginning, to give everybody a home at cost or below cost and as development takes place, everybody gets a lift, all boats rise as the tide rises.

Cheebye dare to said that selling HDB below cost price.
Just ask those bid for the HDB project what is the cost price? Less SG$100/sqft .
Hope MM LKY will clarify selling below cost price if not don't bullshit.
Some ministers should also come out clarify this BELOW COST PRICE MATTER if not please sue the related person.

 

[Leepotism]

He's still living in his past. He has grown into a monster. A relic of the most odious kind.

 

[Leepotism]

"But those who held on to their homes, I've seen their property values going up, five times, 10 times, 15 times, 20 times. This was the plan which we had from the very beginning, to give everybody a home at cost or below cost and as development takes place, everybody gets a lift, all boats rise as the tide rises.

Cheebye dare to said that selling HDB below cost price.
Just ask those bid for the HDB project what is the cost price? Less SG$100/sqft .
Hope MM LKY will clarify selling below cost price if not don't bullshit.
Some ministers should also come out clarify this BELOW COST PRICE MATTER if not please sue the related person.

In PAP dictionary, below cost price means they make slighltly less than commercial companies.

 

[greedy and cunning]

Everybody owns their own homes and the value of their homes go up as development takes place. Some are unwise enough to sell their homes, thinking they can buy another one, they then find they can't and have to rent a flat.

unwise to sell ?
i don't sell how to make money even if value goes up 100 times.

 

[Thick Face Black Heart]

When someone who is in most inside tells you not to sell because prices are sure to rise, that's the surest sign of a bubble.

 

[Bigfuck]

You will soon find that such nominal property prices cannot be sustained. It is now using the bank of last resort aka the government bank, tied with public financing to hold the values on the books to show to the world and use as collateral for borrowing to the world. Should property prices not be given its worth as assets and have leverage of less than 1 when borrowing, you will see the word fucked. Someone thinking using private property evaluation to push HDB up is smart. It will backfire, because it creates no real economic value by itself. We will no real economy because some fucking old man do not want to build. Without it, we can be swamped overnight. This is stupid thinking. These models have been run on simulations in the States and the results are very very ugly. Includes REITS as well.

 

[Huat-Ah]

Of all, how come this old fuck just won't die?

50 years ago?? Talk old stories again.

Old fuck is okay. No need to curse people die.

 

[tyudm]

Fuck his mother cheebye! High price, so what? You sell your HDB flat and live by the road side?

It only benefits the rich who could own more than two houses

How the fuck did the people benefited from the greenery he created?

 

[Leepotism]

unwise to sell ?
i don't sell how to make money even if value goes up 100 times.

Good point. Sell and rent instead. You can still live comfortably in the long run. A bird in hand is worth two in the bush.

 

[I_Hate_Pappies]

I give you a pill. After taking it, your lanjiao grows longer. BUT, you cannot fuck! Once you fuck, your lanjiao will be gone forever.

Something like that?

 

[zeddy]

I started this campaign 50 years ago in the 1960s, I saw Hong Kong - concrete and tarmac, no trees, no grass, nothing. I decided we will not be like that. We became different, trees everywhere, opens spaces with grass, children's playground and a clean and safe environment," Mr Lee said.

Old Bastard stil harping back to the good old days of the 60s..

Just like a broken record, he just can't stop praising himself..

Since he loves trees so much, he should ask his kids to grow a Durian tree on his grave when he up the lorry.. No need for him to give us another of his shitty History lessons of 50 years ago..

 

[Confuseous]

His utterances confirm that he is totally out of touch with the real world. Supreme example where his underlings, led by his son, does not dare to tell him the truth.
Unless it is the son who is feeding him with information which lead to this kind of comments which makes him really irrelevant.

 

[hairylee]

He's still living in his past. He has grown into a monster. A relic of the most odious kind.

He is at present living on his history.

 

[congo9]

What the fucking use when we get another flat on sky high pricing ?

High price for flat ? Who is the ultimate beneficiary ?

 

[streetsmart73]

Of all, how come this old fuck just won't die?

50 years ago?? Talk old stories again.

hi there


1. aiyoh!
2. sheep & things still don't get it.
3. there is kosong ownership.
4. public housing is some leasehold item.
5. the real owner: state-owned!

 

[Dinosaur]

He's still living in his past. He has grown into a monster. A relic of the most odious kind.

I don't know about monsters and how they look like or behave.

But one thing I know is his personal net worth has grown to about US$670 million (excluding that of FamiLEE (Pinky, his wife and children)).

Is that a monstrous sum for an old fart?

 

[Dinosaur]

His utterances confirm that he is totally out of touch with the real world. Supreme example where his underlings, led by his son, does not dare to tell him the truth.
Unless it is the son who is feeding him with information which lead to this kind of comments which makes him really irrelevant.

Good news that the Old Emperor is out of touch with the real world. The opposition has very good chances of winning more seats at the next GE.

 

[GoldenDragon]

Of all, how come this old fuck just won't die?

Patience, bro. Ramseth needs a great companion and I am sure he would pull all cables to get Harry join him. The end is near, my friend.