Wednesday, April 20, 2011

Mah Bow Tan on WP housing proposal: It’s irresponsible

Let walk through thoroughly what Mr Mah has commented so far.

Mr Mah said Worker's Party (WP) proposal as "irresponsible".
---> So far thousands if not hundreds of thousand Singaporean had complained about housing policy and instead review his own policy, he is pointing the 'GUN' to WP as irresponsible. I think Mr Mah should have a self-reflection and not living in his own world.

Mr Mah Said that "you can't get something for nothing", Minister Mah asked, "Is it going to come from education? From health care? From defence? They didn't say".
--> All PAP new candidates or I should say GRC new members are getting something from nothing. And this 'nothing' is costing the Singapore $15k per month for EACH NEW MP which want to serve people by learning on the ground. At the same time, they are holding a Full-time day job. How much time they can help the residents and not mentioning country's policy. For country's policies, they will let the Minister to worry as is not their primary job. For residents problems, they have RC, CCC and other volunteers to write on behalf of them. So tell me, why we need 87 MPs and cost Singapore millions of dollars to pay PAP or just another way to concrete your own political empire at the expense of all Singaporean.

Mr Mah also said "Or if they say it is not going to come from any of this, are they going to raise taxes? Or are they going to dip into the reserves?".
--> As some of us here suggested, it should come from defence, Less MPs (increase their productivity as it has reduced as time goes by because each year we are increasing the no. of MPs regardless whatsoever reasons it maybe). In addition, Mr Mah has so far never proposed a better solution for Singaporean on the increasing price of HDB but mentioned is affordable (to what extend). What is the mortgage period an average local Singapore couple (earning <4-5k) has to serve if the couple bought a 4 rooms flat? Show the statistic to ALL SINGAPOREAN, and I would thank the minister for doing that. It will be worst, if we compared it with our parent and maybe 10 years ago. Mr Mah rebutted WP's proposal to peg the prices of new HDB flats to median incomes of households that qualify to buy them, instead of to resale market prices. This he said, would only lower the value of Singapore's one million homes. He called it "an asset devaluation policy", as opposed to the PAP) asset enhancement policy. The Minister also explained that the markets are inter-linked and so, reduction in new HDB flat prices will have an impact on the resale flat market. --> Mr Mah thinks Singaporean still don’t know this logic “reduction in new HDB flat prices will have an impact on the resale flat market.” That is why he emphasized again. However, I would like to highlight here is that he as a minister and being paid as high as a CEO package, should he questions his own capabilities and his ministry of what has done to address all the housing problem highlighted by the people. Can Mr Mah in future, increase the price of HDB (which is good for the current home owner) and still make the new HDB affordable to the next generation? What this imply is that as the value of your (current home owner) flat increases, DON’T FORGET THE AMOUNT OF MONEY YOUR KIDS (NEXT GENERATION) HAS TO FORK OUT FOR THE NEW FLATS. Don’t think either PAP or WP would be able to come out with a good solution. BUT if we keep supporting the current HDB policy, we will only has to bear the consequences we are facing now. Have anyone noticed, when the property market is HOT, HDB always launched BTO flats/ Executive condominium. It is more expensive and I would say more profitable for HDB. Please show us statistic if this statement is untrue.

2 comments:

  1. I agree on this, Mr Mah is earning a Ceo package that you mention. His kids will have no problem getting a new flat, But on the other hand, we the commoners' kid will have a very difficult time in getting new flats. I am 25 yrs old now and i can tell everyone that the price of flats now is absurd. Sure, my parents can sell their flats for a profit of 200K and above. But most flats now are way above the price of 200K, not to mention renovation, new furniture...all these are essential to a new flat. Where will my parents live,so what Mr Mah is doing is not raising the profit on our existing flat but forcing us to hold on to our old flats and making the next generation worrying about where they are going to stay when they finally make it out on their own.465K on a 4 room flat in Jurong area is absurd, if you ask me.

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  2. Lleeoonn116:11 AM GMT+8

    i don't think Mr Mah know how many singapore couples are only earning less than $4k per month. by the time we really finish pay up the loans many singaporeans will be near to 60 years old and with no money in our CPF

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