Housing a Nation, Today & Tomorrow

Attached is the last in a series of 9 commentaries written by Mah Bow Tan for TODAY. Enjoy the read!

If there's no fear of discontentment on the ground, there is no need to have NINE justifications of his failed policy.
See one step in front but never bother to look up and observe the large river few steps away.
If all things fail, there is always the "Honest mistake, let's move on" or the "Its the world economy, we can't help it."

We have ourselves to thank for voting such high calibre guys within.

Its called Public Relations. This is what the Corporations do when they do something wrong and they are caught and they go on a public relations mode by trying to correct/change the perception in the ground.

There are many famous cases on how they use the media to correct their perception.

http://en.wikipedia.org/wiki/Public_relations

(24-12-2010, 05:29 PM)flinger Wrote: There are many famous cases on how they use the media to correct their perception.

Sounds awfully similar to George Orwell's dystopian book "1984".

think MBT really trying to repair his mistakes by spinning more and more... gosh... just put an end to this...

FACT 1: In 3Q or 4Q 2009, MBT said in parliament there was "PLENTY OF SUPPLY".

FACT 2: Suddenly in early 2010, HDB decided to offer 15K new HDB units + 25K this year +++

FACT 3: All along, public enforcement phone line to police illegal rental was set up only in 2Q this year.

FACT 4: He said The 3rd set of measures "has everything to do with the elections".
This policy of banning PRs from owning HDB flats is sure to reverse sometime after the election, when all the HDB owners who need upgrading sell the flat. And the PRs can effectively assign the ownership to their parents to bypass this ruling.

U judge for yourself the 'quality' of MBT and his team...

To be fair, Punggol Topaz (launch on 22 Dec 2010) is priced okay..................taking cheapest flat at 166,000 dual income (3000*2), 20% of 6k.............ard 15yr, you would have paid down the entire flat.....(HDB interest rate, I take a short cut and slap 3.5yrs to 11.5yrs =P)

If one spouse got fired, 3000-1200=1800

Enough to live but maybe car loan and medical might be a concern...........(My mentality is unique from others, I think most want to buy the high-end at $207,000.................but the earlier you paid down the HDB, the earlier you get a peace of mind, or if you are ambitious you can save buying a condo then =)

Pungol Topaz
Selling prices for the flats range from $166,000 to $207,000 for three-bedroom units, $267,000 to $329,000 for four-bedroom and $335,000 to $406,000 for five-bedroom flats.

(28-12-2010, 09:51 PM)newborn1000 Wrote: To be fair, Punggol Topaz (launch on 22 Dec 2010) is priced okay..................taking cheapest flat at 166,000 dual income (3000*2), 20% of 6k.............ard 15yr, you would have paid down the entire flat.....(HDB interest rate, I take a short cut and slap 3.5yrs to 11.5yrs =P)

If one spouse got fired, 3000-1200=1800

Enough to live but maybe car loan and medical might be a concern...........(My mentality is unique from others, I think most want to buy the high-end at $207,000.................but the earlier you paid down the HDB, the earlier you get a peace of mind, or if you are ambitious you can save buying a condo then =)

Pungol Topaz
Selling prices for the flats range from $166,000 to $207,000 for three-bedroom units, $267,000 to $329,000 for four-bedroom and $335,000 to $406,000 for five-bedroom flats.

Yeah... I agree..

Must payoff HDB loan asap for that piece of mind...

Heard Punggol flats 4-rm resale price is > $380k...

(28-12-2010, 09:51 PM)newborn1000 Wrote: To be fair, Punggol Topaz (launch on 22 Dec 2010) is priced okay..................taking cheapest flat at 166,000 dual income (3000*2), 20% of 6k.............ard 15yr, you would have paid down the entire flat.....(HDB interest rate, I take a short cut and slap 3.5yrs to 11.5yrs =P)

If one spouse got fired, 3000-1200=1800

just wanted to clarify something. Isn't there a salary cap for buying a brand new 3rm flat from HDB? Combined income of 6k is eligible to buy?

(29-12-2010, 04:56 PM)Jon-san Wrote: just wanted to clarify something. Isn't there a salary cap for buying a brand new 3rm flat from HDB? Combined income of 6k is eligible to buy?

I thought the combined salary cap for BTOs is 8K?