Singapore blogger calls NS ‘slavery’

[saratogas]

what assets do Singaporeans own then? the 99-years leasehold HDB? the 10-years COE? pray tell :p

More like preserving rich people's ass...

 

[Leongsam]

what assets do Singaporeans own then? the 99-years leasehold HDB? the 10-years COE? pray tell :p

It doesn't matter whether real estate is freehold or leasehold as long as you can cash out for a profit.

Same applies to any asset and that includes COEs.

Amongst my circle of friends, 4 have cashed out in the last 18 months thanks to the buoyant economy. One is on his way to Thailand, two of them are settling in Australia and one is on his way to NZ.

The NZ bound guy is in his early 50s. We were colleagues way back in the 80s. He purchased NZ PR for 1.5 million dollars after selling his 99 year leasehold HDB flat for almost a million and private leasehold condo that he bought in his son's name for 1.2 million. He even made money selling his CAR thanks to the huge rise in COE prices over the past couple of years.

These people aren't exceptions to the rule. There are hundreds of thousands of Singaporeans who are asset rich thanks to the PAP and who are in a position to cash out and realise their profits.

If it was not for the fact that Singapore is stable and prosperous, none of their assets would be worth anything close to what they are today.

 

[zhihau]

If it was not for the fact that Singapore is stable and prosperous, none of their assets would be worth anything close to what they are today.

so in short we cannot retire in Singapore? :p

 

[IamTiong]

This fatty cannot run anymore la.... pity him

 

[johnny333]

It doesn't matter whether real estate is freehold or leasehold as long as you can cash out for a profit.....

I could probably "cash out" and get an extra $1 million to $2 million but if people stared to do that what is going to happen to the country known as Spore

 

[Leongsam]

so in short we cannot retire in Singapore? :p

Your statement is puzzling. How on earth is anyone going to realise profit if they don't cash out?

As is the case with all investments, you can only make money if, a) the asset rises in value and b) if you sell and make a profit.

If you park your arse in Singapore all your life and sit on your hands, all the opportunities created by the current booming economy will pass you by.

 

[zhihau]

what is going to happen to the country known as Spore

a country full of Foreign Talents! a country of Talents! Hidup! Hidup! Singapura! bwahahahahahahaa...

 

[zhihau]

Your statement is puzzling.

i caught your drift, let others protect this Hotel Singapura whilst we make our pile, thank you

 

[Leongsam]

I could probably "cash out" and get an extra $1 million to $2 million but if people stared to do that what is going to happen to the country known as Spore

That isn't your problem. If I buy shares in company X at $9 per share and the price rises to $500 and I sell my stake at that price, I honestly couldn't care less if the company goes belly up a week later.

Singapore isn't going to boom forever, there is a limit as to how much economic activity can be generated in such a small area. Sooner or later, the party will be over. It is important that those who are asset rich realise their gains asap before it is too late.

 

[Leongsam]

i caught your drift, let others protect this Hotel Singapura whilst we make our pile, thank you

You've been around for long time so I'm sure you aren't naive.

The Lee family and their entourage know full well that Singapore Inc cannot go on forever. They are pumping the economy to the max so that they can do exactly as I am recommending.

The next generation of Lees aren't interested in running Singapore. They're all planning to leave when the time is right and they'll make sure that real estate prices and currency exchange rates are ripe for the picking.

Singaporeans should ride on their coat tails too. The opportunities are staring everyone in the face. It would be really dumb not to hop on the same train.

 

[zhihau]

You've been around for long time so I'm sure you aren't naive.

men of science are often very naive... :(

 

[laksaboy]

Sinkies have a lot to lose if their country's sovereignty is lost.

I disagree. Singapore's sovereignty means very little to me.

I can wake up to a new flag and new anthem the following day... and so what?

 

[bryanlim1972]

Amongst my circle of friends, 4 have cashed out in the last 18 months thanks to the buoyant economy. One is on his way to Thailand, two of them are settling in Australia and one is on his way to NZ.

what a bunch of useless fucktards. no backbone to stay for the good fight. they rather be 2nd class shits than to fight to be 1st class here.

 

[bryanlim1972]

The next generation of Lees aren't interested in running Singapore. They're all planning to leave when the time is right and they'll make sure that real estate prices and currency exchange rates are ripe for the picking.

that's the best news i've heard all day.

 

[Leongsam]

that's the best news i've heard all day.

You'll change your tune when you find that they've taken all the reserves with them.

 

[bryanlim1972]

You'll change your tune when you find that they've taken all the reserves with them.

they will be hunted down like the Marcos'. there will be enough determined people left behind to start afresh and destroy those who looted the country.

 

[The_Hypocrite]

Marcos gang is popular in php. They only lost Imelda's shoes when she left the presidential palace as no time to pack. The marcos r still rich n influential. There was no bloodletting etc. Marcos got away scot free. Not many hated dictators end up like Mussolini.

they will be hunted down like the Marcos'. there will be enough determined people left behind to start afresh and destroy those who looted the country.

 

[Dark Knight]

1) Area cleaning
2) Guard duty
3) National Day parade
4) Guard of honor parade
5) VIP parade
6) VVIP parade
7) General duties

The lists goes on.
Instead of focusing what a soldier should do best, we ended up doing mostly all the above tasks.