Mah & Yaacob disprove PAP’s Hard Truth on ministerial salaries

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An honorable member of the Coffee Shop Has Just Posted the Following:

The implicit disowning of the Malay minister’s claims when he was Water minister that once-in-50-yrs floods were causing problems, not his ministry’s disfunctionality, has been implicitly disowned by the govt when the present Water minister said an expressway flood is unacceptable. Yaacob, talked of several floods that occurred several months apart as very exceptional events that could not be reasonably foreseen. VivianB’s comments imply that very heavy rain should be foreseen and planned for.

This reminded of another recent occasion when another Hard Truth was disowned.

On 26 August 2013, new rules were imposed by the Housing and Development Board (HDB). The one that caught the headlines and public attention was that households with permanent residency, or PR, status can only buy previously owned state-built homes if they have held PR status for at least three years. Permanent residents, who made up 10% of Singapore’s population of 5.3 million people in 2012, could previously buy a HDB flat from the resale market immediately after getting PR status.

But what S’poreans seemed to ignore was the rule change that would also offer public-housing loans with a reduced maximum tenure of 25 years, down from 30 years. Public-housing mortgage payments would be capped at 30% of borrowers’ gross monthly income, down from 35%. Prudent leh, we are told.

In 2011, one Mah Bow Tan argued that HDB flats were afforable because : It only took 30 years, 2 incomes and 30% of the 2 incomes to pay for the HDB flat.

http://atans1.wordpress.com/2013/09/...-carelessness/


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