[Sg] - Multi-Millionaire CEO downgrades from private property to HDB

[True Believer]

If you count all your CPF monies and add your HDB flat value and your car….everyone in SG is a millionaire.

I believe that the definition of a millionaire in SG is a person with at least $1 million in his/her bank account.

 

[Merl Haggard]

Having to downgrade one's residence from a private property to a HDB flat is unthinkable.

 

[True Believer]

Having to downgrade one's residence from a private property to a HDB flat is unthinkable.

Only the really desperate will downgrade to public housing from a private residence. If he has to sell his condo and his car in order to fund overseas vacations for his family, then this CEO cannot be anywhere as rich as he claims to be. He really sounds like a fraud.