23 Apr '12, 8pm

A Singaporean feels priced out

A Singaporean feels priced out April 24, 2012 by admin Filed under: Current Affairs and Politics Written by Ng E-Jay 24 April 2012 The heartfelt blog posting “Is this my Singapore? My home and my country? ” by SMRT train officer Gin Tai makes for a sincere and sobering read. In his latest article, Gin Tai reflected on how his Permament Resident (PR) colleages from Malaysia could cash out of their HDB flats after a few years and return back to the country of their origin with a huge windfall as a result of asset price appreciation as well as accumulated CPF savings. Singaporeans however often have no such option. They cannot cash out of their flats as they would have to buy another one that is equally or more expensive. They cannot withdraw their CPF savings too. In his own words: “… We got no choice but stay put here. We will live and die here. This is our country and our ...

Full article: http://www.sgpolitics.net/?p=7528

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