Is your BTO less affordable today? Let’s dive into the math for the answer.

If we compare the prices of HDB flats today with the prices of HDB flats built 20 or 30 years ago, of course prices have gone up. But so has income. The rise in the prices of HDB flats are in line with income growth. The question is: is the BTO less affordable today? Let’s dive […]
Good news! Interest rates might have gone up but HDB concessionary rate for home loans remains unchanged

Have you heard of the CPF floor interest rates? Floor rates are the legislated minimum interest rates guaranteed to our CPF monies. It ensures that interest earned by our money in our CPF accounts does not go below the floor rates. The floor rate for savings in the Ordinary Account is 2.5%. And for savings […]
What Singaporeans say about GST and WP’s proposal to use more NIRC for today

Taxation is an intrinsic part of nationhood. It is unpleasant for the government. It is also unpleasant for the ones being taxed. But, it is an inevitable necessity. The Workers’ Party has called for more to be used from the NIRC (Net Investment Returns Contribution) instead of a GST hike – as much as 60% […]
PSP wants 100% of NIRC, WP 60%, or even 70%. What if our forefathers had wanted more NIRC?

It is said that without a vision, the people perish. Visionary leaders take care of the present with their eyes on the future as well so that the people can be future-ready. Singapore introduced the NIR framework back in 2008. The framework allows the Government to treat 50% of net investment returns as government revenue […]
The Assurance Package will delay the GST hike for majority of households by 5 years

The bulk of the GST burden is borne by tourists and foreigners living in Singapore, as well as the top 20% of resident households, Senior Minister of State for Finance, Mr Chee Hong Tat said in Parliament. Around $5.7 billion were collected in NET GST annually in 2018 and 2019. This is after netting off […]
Loh Pei Ying and Yudhisthra Nathan resign, call on good people in WP to keep welfare of Singaporeans at centre

Two long-time members of Workers’ Party (WP) have resigned yesterday (9 Nov 2022). Yudhisthra Nathan and Loh Pei Ying had both appeared before the Committee of Privileges (COP) during the hearing on former WP MP Raeesah Khan’s lies in Parliament. Loh was Raeesah’s secretarial assistant while Yudhisthra also assisted Raeesah. Loh and Nathan had been […]
A close look at WP’s proposal to treat land sale proceeds as revenue for spending

The WP had proposed that land sale proceeds be treated as revenue for budget spending. They still do not recognise that land is a scarce asset in Singapore and protected as Past Reserves. In fact, the land is so scarce, Singapore had to reclaim land to build housing estates (Read here). One-quarter of Singapore is […]
Can I still afford it if my healthcare bill runs to a few hundred thousand dollars?

No matter if they are admitted to B2 or C class wards in public hospitals, patients will be eligible for up to 80% in subsidies. You can afford it with generous government grants, insurance, and MediSave. This is not a meaningless statement. Many people have testified to it. Case 1 A prematurely born baby spent […]
Law Society President Adrian Tan puts the nails on Branson’s reasons for not debating with Shanmugam

And so it was that Richard Branson chickened out and declined an invitation by MHA for a televised debate with Minister Shanmugam on the death penalty in Singapore. This led Law Society President Adrian Tan to ask him in a LinkedIn post: Were you just teasing us? Were you never really serious about this issue? […]
Singapore’s political contestation will continue, likely to intensify

Deputy Prime Minister Lawrence Wong spoke at the annual public service leadership ceremony on November 1, 2022. In his opening speech, he highlighted that the Public Service played a pivotal role in keeping Singaporeans safe during the Covid-19 pandemic, from keeping borders, checkpoints, hospitals, and vaccination centers running smoothly to reaching out to households and businesses to […]