Public housing

[fooledbyrandom]

Clipped off The Business Times.

The truth is - public housing is no longer affordable for everybody anymore, and prices are continually increasing. There's no such thing as minimum wage in Singapore, 80-year-old women are cleaning up plates after you in the hawker centre, amongst the many things that is wrong with this country.

I have to admit, there are a lot of comforts that comes with Singapore, but it is also these comforts that have made us a complacent, lazy and ignorant bunch.

At the end of the day, I think that if you're unhappy with your situation, whatever situation you're in, make a choice. You always have a choice.

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[rAWr]

 

[AT Online Store]

it's pretty obvious. we will never see our CPF monies at retirement. All goes into the 'affordable ' public housing.
Plan 2 - sell your home to encash at retirement and buy a studio apt going at $200k for 60sqm now for a 30 yr lease.

 

[gosu_smurf]

200k for 60spm... ouch

 

[AT Online Store]

sorry wrong info, my bad
it should be 35-45 sqm and price about $100k for now
HDB InfoWEB: Studio Apartments : Buying A New Flat
Toh yi Studio apt cost $104k onwards as of apr 2012
Studio apt at jurong west cost $70k in 2011

 

[thecakeisalie]

If you work hard enough, we should be looking at the US$500,000 range.

 

[thecakeisalie]

You can't handle the truth.

 

[likeaboss]

If you work hard enough, we should be looking at the US$500,000 range.

did i just see

 

[rAWr]

You can't handle the truth.

The truth will set you free.