tag:blogger.com,1999:blog-3401584991689197404.post5026663564765865765..comments2024-03-02T09:41:35.809-08:00Comments on Donkeylicious - A Blog by Neil Sinhababu and Nicholas Beaudrot: Homeownership* And Everything In SingaporeNeil Sinhababuhttp://www.blogger.com/profile/03249327186653397250noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3401584991689197404.post-90560448310033260552012-06-18T20:47:14.893-07:002012-06-18T20:47:14.893-07:00I'm just going off of what my Singaporean coll...I'm just going off of what my Singaporean colleagues told me, and they're expecting leases to be renewed.Neil Sinhababuhttps://www.blogger.com/profile/03249327186653397250noreply@blogger.comtag:blogger.com,1999:blog-3401584991689197404.post-48035839805191256442012-06-18T06:58:30.215-07:002012-06-18T06:58:30.215-07:00First of all goverment apartments are sold at mark...First of all goverment apartments are sold at market price, minus some, at best for someone earning S$1000 a month the cheapest apartment lease for the government after all possible rebates is s$200k ; guess how many years the loan is before the lease is really yours?<br /><br />Second the govt has said times and times again that the lease will NOT be renewed: don't get a sense of ownership.<br /><br />However so far, the government has terminated such leases earlier than 99, relocating people to newer developments, with new (further from city) dwellings.<br /><br />People are forced to buy lease because also partly because the goverment maintained only a fraction of apartments as rentable with rules such as minimum occupancy period.<br /><br />There are no miracles, only statistics.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3401584991689197404.post-39593493275432016412012-06-16T13:56:09.595-07:002012-06-16T13:56:09.595-07:00"Singapore is caught up in a virtuous cycle o..."Singapore is caught up in a virtuous cycle of competent government policy."<br /><br />(sigh) What a concept.Toasthttps://www.blogger.com/profile/03418826323088878609noreply@blogger.com