Monday, April 12, 2010

Mah Bow Tan : We don't fudge the numbers Part 3.

'So I ask, what are you questioning? Am I telling lies or fudging the figures? Which part is wrong? Point it out to me,' Mr Mah says. [Straits Times Article : Link]


Page 2 of today's Straits Times (see article below) mentioned Hazel Poa's findings and urged Minister Mah to address the concerns of ordinary citizens. If you're with the PAP and the Straits Times is not on your side, you have really gone off-course and better wake up soon or find your hot seat getting hotter.

"Reform Party member Hazel Poa, a former government scholarship holder, has an interesting blog post in which she points out that such statistics may not show the full picture. Change the base year, and the results could be different. Using 2000, 2001 or 2006 as alternative base years, she calculated that resale flat prices have grown faster than household incomes. If her calculations are correct, some policy recalibration is required to ensure that housing does not become a bigger financial burden on Singaporeans, as that will lead to Singaporeans having insufficient funds for their retirement.”

- Su-Ann Chia, Straits Times, 12 April 2010.


Minister Mah is losing a lot of credibility trying to talk his way out. The very basic fact is HDB supplied only 11,000 new flats from 2006-2008 while the resident population in Singapore increased by 438,000 people[Link]:
From 2006 to 2009, the price of HDB flats rose 46% while household income rose by only 21%[Link].

Support for the PAP rose in the 70s because people moved from kampungs to highly affordable HDB flats in large numbers experiencing a significant improvement in living conditions. Today affordability has declined and that will translate to a loss of support for the PAP. It doesn't help that Minister Mah continues to deny the problems with housing creating the expectation that he will not be doing anything significant to improve the current situation.
.
'I just want to remind Singaporeans it was not that long ago that we were at that situation (where people were still living in kampungs). We had to work hard for what we have. Life doesn't hand things to us on a silver platter, and I think that has not changed.' - Minister Mah

Well it is not a question of working hard but many ordinary Singaporeans have to work harder and harder for less compared with the past - make no mistake things have changed...for the worse. I've shown in my previous posting on this topic that housing cost increase has outstripped household income growth by a large factor over a 2 decade period. Many netizens have also pointed out the pitfalls of using household income - it could have risen because more people in the same house are working or large number of PRs(foreigners) account for the increase. Others pointed out that the RPI (resale price index) is not a good index because it include homes of different sizes over the period. Whatever it is, the situation is probably worse than what the numbers tells us. The govt now asks ordinary Singaporeans to lower their expectations. Most of us already have - we know that the Swiss standard of living is just a pipe dream. Most ordinary Singaporeans will never own a car, most will have to service housing debts over multiple decades, most will never live in private property, many will not be able to retire comfortably, and many will have to travel to Johor for affordable medical treatment. For ordinary Singaporeans, what is the selling point of the PAP system? We suffer from the 2nd highest stress levels in the world[Link] living in this unequal, undemocratic, elitist system that squeezes the ordinary citizens to create favorable outcomes for the power-elites and their network of business interests. Unless there is change, the future for ordinary Singaporeans can only get bleaker.

-------------------------

Tweak fundamentals of housing policy

By Sue-Ann Chia

PRIME Minister Lee Hsien Loong’s recent remarks about the emergence of fake online campaigns to pressure the Government were intriguing.

Referring to recent e-mail messages calling on the Government to cool the property market, failing which the writers threatened to withdraw support from the ruling party, he described the phenomenon as ‘astroturfing’.

The term, derived from a brand of fake grass, comes from the United States where it refers to a fake grassroots movement which manufactures support or opposition to certain policies or issues.

Why fake? Because a number of the purported e-mail writers were found to be non-existent. The conclusion is that one, or at most a handful of people, could be behind the deluge of e-mail messages sent.

Mr Lee’s comments have led some to wonder if the Government is concluding that, because some writers are fake, the concern on the ground over property prices is likewise not as strong as made out to be in the e-mail messages.

I hope not. Whether the e-mail messages were sent by real or fake people, there is real unhappiness on the ground over soaring housing prices. That unhappiness should not be discounted.

To be sure, there is no hard data on exactly how many people are unhappy. Some may argue that those who are unhappy are but a small group, only very vocal.

Anecdotally, a number of those who are angry are young, upwardly-mobile professionals earning incomes in the mid-levels. They desire strongly to buy a dream home – but find their dream fading as prices have escalated in recent months.

Middle-class families who have been saving up to upgrade to a bigger home in a better location could be experiencing similar unhappiness, as higher property prices force them to rethink the move.

Add the recent surge in the number of foreigners in Singapore, and the result is even greater resentment as foreigners are blamed for driving up demand and prices.

What exactly is the root cause of the unhappiness? Is it affordability of housing, unrealistic expectations, or a growing disenchantment as the Singapore Dream slips away?

Many Singaporeans have latched on to the first reason, blaming the Government for letting home prices become too high.

The Government, on its part, has countered by arguing that complainants are being unrealistic.

It points out that it has taken steps to cool the property market, such as by curbing the deferred payment scheme for private property and increasing the minimum occupation period for HDB flats.

It has also explained repeatedly that most flats are not priced beyond reach, and that those who want one should be able to get a flat if they are less fastidious about location.

National Development Minister Mah Bow Tan, in a recent interview with The Straits Times, cited people’s unrealistic expectations as a cause of the angst.

People want a nice flat, in a nice location, with a nice view and at a nice price, but that is just not possible, he said.

Making a case that affordability is not an issue, he also gave statistics to show that the prices of resale flats have not outpaced household incomes in the 10 years from 1999 to last year.

Are Singaporeans convinced? It remains to be seen.

Reform Party member Hazel Poa, a former government scholarship holder, has an interesting blog post in which she points out that such statistics may not show the full picture. Change the base year, and the results could be different. Using 2000, 2001 or 2006 as alternative base years, she calculated that resale flat prices have grown faster than household incomes.

If her calculations are correct, some policy recalibration is required to ensure that housing does not become a bigger financial burden on Singaporeans, as that will lead to Singaporeans having insufficient funds for their retirement.

But coming back to Mr Mah’s point about unrealistic expectations: The question is why this is so.

Has the Government oversold its housing policy? For decades now, it has encouraged citizens to own their homes, believing this gives them a stake in the country and increases their sense of belonging. The result is that owning a home is what almost every Singaporean now aspires to. Some have even come to expect it as an entitlement.

Meeting this aspiration was perhaps easier in the past than it is now. People had fewer wants; many were happy to move from kampungs or cramped quarters to new flats. However small and in whatever location, a home with a flush toilet was sufficient to make many happy.

Today, however, we have a new generation of Singaporeans who want more, due to growing affluence and a mentality that they should be able to buy the home they want as long as they get good jobs and work hard.

They want a flat that is big enough, in a location close to town, next to an MRT station, near good schools, and at a price that suits them. Are they unrealistic? Perhaps.

But rather than just putting the blame on home buyers, it could be time for the Government to relook a number of the political messages it has been sending to citizens over the years. To manage their expectations better, some fundamentals need to be relooked.

First, the promise of home ownership. This should now come with caveats. A home for everyone – but not exactly at the place and price that you want.

Second, home ownership should not be pushed as the goal to aim for from the start. There is the option of renting first, if funds are tight.

Third, should home ownership continue to be touted as an asset enhancement tool? Such a message may be at odds with the commitment to provide affordable public housing. The Government will be hard put to ensure prices that are comfortably affordable, if prices are pegged to a property market that is constantly rising while incomes do not rise as fast in tandem.

These are complex questions, but the Government should put serious effort into finding good, sustainable answers.

People’s expectations can have very real impact on the ground, regardless of whether that ground is paved with real grass or astroturf.

Source : Straits Times – 12 Apr 2010

66 comments:

YouCanRunYouCannotHide said...

The next big story:

"The Novice Who Toppled A Cabinet Minister"

Stay tuned.
(joking lah..)

Pat said...

Lol. She may kenna sacked ...first.

Anonymous said...

Whoever can topple a minister in SIN, be he/she a novice or an expert, deserves the greatest respect. However, it is unlikely to happen.

patriot

Anonymous said...

Mah Bow Tan is very confident with his statistics.

I think he is also very confident he will win again at the next election.

And then PM Lee will be proven right, yes it is really astroturfing on the Internet.

And as a result some blogs may also have to "close shop" on their own.

jamesneo said...

I think her quote not reflective of the ordinary people "Today, however, we have a new generation of Singaporeans who want more, due to growing affluence and a mentality that they should be able to buy the home they want as long as they get good jobs and work hard.

They want a flat that is big enough, in a location close to town, next to an MRT station, near good schools, and at a price that suits them. Are they unrealistic? Perhaps."

When have ordinary people ever want anything bigger? Many people just want to own a house that is of the same size as their parents not a shrunk 3 or 4 room flat. Many people have already choose a flat far away from their parents but even those are also very expensive.

Anonymous said...

How can you say is expensive when a middle class teacher could afford three pte properties?
So I tend to believe the government when they say people ought to manage their expectations and Not Compare themselves to previous generation
The consoling factor is that the standard and quality of living today is much higher than previous generation though some things are a bit more expensive, which comes with the territory.

mahbowtan said...
This comment has been removed by a blog administrator.
Anonymous said...

"We suffer from the 2nd highest stress levels in the world, living in this unequal, undemocratic, elitist system..."

66.6% Singaporeans do not mind. Not even after they are called names (DIGITS, DOGS, HORSES, STRAWBERRIES(!!)) by their masters! Amazing, isn't it? There is a Chinese Idiom specially to describe such a behaviour: 唾面自干 Tuo4 Mian4 Zi4 Gan1

Anonymous said...

I am amazed with MBT own words... Remind me of my army days...

Quote from MBT Article 'Every time someone like that comes to me, I say: 'Sit down'. I ask about their flats: 'What's your monthly instalment, what's your salary, why do you say it's unaffordable?'
'They tell me their father bought it years ago and it was so cheap...and compare home prices to 40 years ago,' he says with a hint of frustration.

Then later in the Interview...

Quote : 'He brings up his own HDB story... ... ... 'I just want to remind Singaporeans it was not that long ago that we were at that situation (where people were still living in kampungs). We had to work hard for what we have. Life doesn't hand things to us on a silver platter, and I think that has not changed.'


Eh eh... MBT don't compare lah... Govt say last time living will model after Swiss, go to Swiss standard then now change mind say we need to lower expectations and got rook over our head can liaoz, dont KPKB... I also can compare what! Whole lot of crap!

40 years last time is 40 years last time... We live in the present, the circumstances are in the present and Mahjulah Singapura! The future Singapore too... Onwards!

Publish the cost of the materials! The cost of building a HDB / Flat! The subsidy we get! If everything goes like how the govt claims, the public is not blind, we can judge, we can see...

If so many people on the ground is unhappy and all agress on the samething or same generic concept then surely it means something is really wrong what!! Then only you 1 person keep saying 'No no no!'

Quote :'So I ask, what are you questioning? Am I telling lies or fudging the figures? Which part is wrong? Point it out to me,' Mr Mah says.

Then I say the wrong part is you!

Amused said...

The internet is showing an impact on public policies. Even ST cannot afford to disregard the voices on the internet. Keep up the good work! The more alternate viewpoints, the better for the country.

Anonymous said...

"If so many people on the ground is unhappy and all agress on the samething or same generic concept then surely it means something is really wrong what!! Then only you 1 person keep saying 'No no no!'"

is that what the PM meant by astroturfing? lol

i think 98% of homeowners should be happy that the property market did not crash and most, i am sure, would not want it to crash except for a few IMH patrons.lol

and i am sure, 98% homeowners plus their dependents, would easily form more than 66% ground support? hehe

aiyah, expensive is a matter of perspective lah. i was watching the new local talk show and they have this pui pui lady as one of their guest to takan the MP. she complained she can't afford current housing prices but you know how much her salary? bleddy hell, 10k a month!

aiyoh, cannot afford or kiam siap?

but people are all the same lah. if we think we can pressure someone to sell us a lolak for $5, why pay thousands for it right?

cannot die die or lose lose so must try to get a good bargain like any true blue sinporean mah.

so the minister say, why don't you settle for a casio and be contented?

but the fat lady who earns 10k a month retorted.... if must insist on casio, can give free or not?

LKYcalledmeDAFT said...

Is PM Lee trying to use scare tactics on the internet community? Or is he in such dire denial of what is happening on the ground that he needs to dismiss anything that he finds disagreeable?

Has the young prince suggesting that he wants to impose his will on others who disagree with him? That he is always right. If he wants respect, then the young prince must advise the emperor not to call Singaporeans daft.

He is not wearing any clothes and is basking in the glory of his own nudity. It has reached such an extent that he only listens to people who are praising him in his own nudity. Any one who says that the emperor is naked, is guilty of an offence. That offence is call truth. And truth is a great offender.

We have nothing better to do but to astrosurf and complain. If you don't want Singaporeans to NOT complain, then do a fucking good job lah. Instead of milking the native Singaporeans like a cow.

We need a better PM to lead this country. Someone who is devoid of hypocrisy. Before the country turns into a cunt-ry.

Anonymous said...

"They want a flat that is big enough, in a location close to town, next to an MRT station, near good schools, and at a price that suits them. Are they unrealistic? Perhaps."

She forgot to add greedy Singaporeans also want a flat that they can resell a few years later at huge profit. Why does everyone ignore this elephant in the room? It is the greedy Singaporean who's the root cause of the recent housing woes.

Bomb Squad said...

Mah B T should just be a man for once and admit that he had inadvertently planted a HDB Time Bomb with his policies and attitude.
I believe Mah is clueless as to how he can defuse this Time Bomb.

Moe Gan Thai said...

Imagine COV of $20k to $50k,for HDB flats,for a fresh graduate to set up a family,is it possible ? He/she has to delay marriage for 5 years in order to save up enough money. What about ordinary Ah Seng ,Ah Meng earning $1k per month,how to buy house,pls Mah Boh Tan provide us answer.

Lim Leng Hiong said...

"I think it is healthier for Singapore, rather than just appearing before the elections and then not continuing. I have noticed that opposition parties are doing this more regularly, and I think all-in-all, it is good for politics in Singapore." - Ng Eng Hen ST 11 Apr 2010

"First principles, Clarice. Simplicity. Read Marcus Aurelius. Of each particular thing ask: what is it in itself? What is its nature? What does he do, this man you seek?" - Hannibal Lecter (The Silence of the Lambs 1991)

To understand what is going on, one must focus on the first principles.

Simplicity.

What is politics?

"...use of intrigue or strategy in obtaining any position of power or control..."

Exact words from a dictionary; but what does it mean?

1. First, let's look at these few comments here:

"Mah Bow Tan is very confident with his statistics.

I think he is also very confident he will win again at the next election." - Anon 12/4/10 23:57

"How can you say is expensive when a middle class teacher could afford three pte properties?
So I tend to believe the government when they say people ought to manage their expectations and Not Compare themselves to previous generation" - Anon 13/4/10 01:24

"aiyah, expensive is a matter of perspective lah. i was watching the new local talk show and they have this pui pui lady as one of their guest to takan the MP. she complained she can't afford current housing prices but you know how much her salary? bleddy hell, 10k a month!" - Anon 13/4/10 10:29

"She forgot to add greedy Singaporeans also want a flat that they can resell a few years later at huge profit. Why does everyone ignore this elephant in the room? It is the greedy Singaporean who's the root cause of the recent housing woes." - Anon 13/4/10 12:04

Why would real supporters of Mr. Mah try so hard to deliberately twist the issue and use such sarcastic words?

Are they defending his stand... or trying to make you more dulan?

2. Now let's look at Mr. Mah's own views (ST 09 Apr 2010):

"So many things have changed over four decades, and if you want to compare something 40 years ago and today, you can compare a lot of other things. I don't want to go there."

"I just want to remind Singaporeans it was not that long ago that we were at that situation (where people were still living in kampungs). We had to work hard for what we have. Life doesn't hand things to us on a silver platter, and I think that has not changed."

Why would Mr. Mah say that he didn't want to compare with the past and then remind Singaporeans about the past in the course of the SAME interview?

Is he defending his stand... or trying to make you more dulan?

In politics, "mistakes" can be by design.

Gentlemen said...

Gentlemen,

You seem to be in a daze.

The aim of this policy is two-fold.

Let me help you.

The population is aging and younger Singaporeans are wising up to the government's propaganda. At the same, the world is also getting more globalised. Younger Singaporeans who can take off makes a depletion of a country's resources. For a small population, this is very significant brain drain. Brain drain, gentlemen, is money lost and potential long term financial loss to the state government.

So, what do you do? Lock them up. Lock their CPFs. Increase the prices of HDB flats so that they are financially bogged down. Then temper the blow with patriotism. Fan the song of sinking your roots here. Mission done.

Generally speaking, Singaporeans are unhappy. From time to time, the States Times and Mediacorp will amuse them with some engaging news here and there. Like the Jack Neo saga, for instance. More and more Singaporeans are not getting married because life is Singapore is overly stressful for everyone except the state-paid millionaire politicians.

This is financial opportunity, gentlemen. Highly educated single Singaporeans will have a lot of time to question government's policies and a lot of frustration and disposable income to boot. So lock them in. And lock them tight. They can ONLY buy resale flats from HDB at 35. Over-the-top resale HDB flats means the government is cashing in on the disposable income of these frustrated single Singaporeans. By 35, they are mobile and experienced, so cash in on them and lock them in.

To counteract the dwindling PAP voters and rising anti-PAP sentiments in the public for the last 10 years and among the civil servants themselves, they did the most radical thing. They opened the floodgates to the supposed FTs and increased their millon-dollar pay at the same time. They have changed the electoral roll twice since the 2006 election. And they have pumped in millions to these newly anointed PAP voters. Gentlemen, I'm afraid they're in it for themselves now - they consolidating their power base and income at the expense of native Singaporean. You are constantly short-changed. They are constanly securing themselves, their income and their future. While all this is happening, they are telling you not be expect things on a silver plate.

Can you see where this is going, gentlemen? Control supply of HDB, bring prices up. Cash in on the singles and suppress the increasing dissent. Secure new citenzry votes.

What you have here, gentlemen, is a fine example of a Machiavellian politician who is fearful of losing control. All the new laws that have been enacted recently, particularly with regard to freedom of expression, are towards this suppresion and repression.

Gentleman said...

There is a method to this madness and it is crafted years in advance before it happened.

Their greatest fear is losing control. They saw what happened to Japan, Indonesia, Thailand and Malaysia. And they know it's coming in their way. One by one, the skeletons in the government's closet is coming out on the net. It is now the talk of town.

But the question, gentlemen, is this...why are they now more reactive than ever? I'm going to say this once. So pay attention.

They are at a breaking point in their party's 40 years of ruling in this country. These 2 coming elections are either gonna help them achieve a long-term sustainable political foothold for another 30 years or do them in completely. They are riding on a domino effect right now. They are seeking to defuse everything alternative view that is contrary to questioning their power base. Over 40 years, their ego sense of political sense have been so deeply entrenched that they would distort and lie to achieve their political goal - that is, sustainable million-dollar salaries for another 30 years.

Gentlemen, what we do in these 2 elections will determine the quality of our lives and our children for the rest of the decades to come?

It's time for change. And a much needed and necessary one, more than ever before.

Majulah Singapura!

Anonymous said...

Like what PM Lee said in the last election, "...if they were so many opposition, I will have to waste my time to think how to fix them."

Now that there's hardly much opposition to begin with, PM Lee had a lot of time to think about fixing the native Singaporeans instead.

I'm not surprise that there are not many complaining Singaporeans around anymore in this country.

They have all turned bitter instead.

Anonymous said...

"What about ordinary Ah Seng ,Ah Meng earning $1k per month,how to buy house,pls Mah Boh Tan provide us answer."

you stupid or wat? grants lah

Anonymous said...

Addressing specifically 'Gentlemen' only?

Tsk, tsk, tsk. Your words betray your mentality.

I will choose MBT over 'Gentlemen' anytime. No choice, at least we are all, male or female, equal under PAP. Or else, I will surely become a maid.....slaving under 'gentlemen'.

Anonymous said...

13/4/10 12:19

in life, certain thing can compare and certain cannot compare you under there stand?

so under there cannot compare one but like hair style can compare to keep up with trend.

you don't want to tie a ribbon on top of your hair when most sane people don't you know

Anonymous said...

"Gentlemen, what we do in these 2 elections will determine the quality of our lives and our children for the rest of the decades to come?"

theoretically,such a state of government, as painted by you, could happen.

but your last bit offers no certainty either.

so the end game or outcome as suggested by you may put us all in a worse state.

NEXT!!

Lim Leng Hiong said...

"you don't want to tie a ribbon on top of your hair when most sane people don't you know" - Anon 13/4/10 13:02

"Jack, your leisure activities ain't my business." - Bill Pardy (Slither 2006)

lim said...

@anon 13/4/10 13:02

>>"in life, certain thing can compare and certain cannot compare you under there stand?

so under there cannot compare one but like hair style can compare to keep up with trend.

you don't want to tie a ribbon on top of your hair when most sane people don't you know"

anon, you are a joke, so what can be compared and what cannot is you said so ah, people must only compare what you "allowed" ah..

Anonymous said...

in regards to pricing, the garmen job, i believe, should keep prices at OPTIMUM LEVEL. if we suppress prices and keep it low, OUTSIDERS will benefit at our expense and many of us will own multiple homes for passive income like the teacher. in land scarce sg, this will not be fair to subsequent generation lah
so optimum level means HIGH and ALWAYS on the HIGH SIDE.

but HIGH does not mean beyond the affordability of the lower denominator lah. that's where the tricky part of balancing the interests of all parties comes in which, MBT, doing quite ok lah

in fact, if you sit down and analyse carefully, there are more benefits to HIGH prices than low.

hopefully, we don't have pastors owning the whole of singapore. LOL

Anonymous said...

"anon, you are a joke, so what can be compared and what cannot is you said so ah, people must only compare what you "allowed" ah.."

ya. LOL

just a joke lah but you get the point i am sure. LOL

Lim Leng Hiong said...

Everyone seems serious here, which is understandable since this is quite a serious topic.

That's why I try lighten things up with references from movies that are tangential to the topic.

Which reminds me, you know the popular saying: "Money makes the world go round"?

Of course money can be used to buy things and "buy" people, but there is one situation in the movie world when money strangely provokes the opposite effect.

That is when the protagonist has become very, very dulan.

Instead of seeing it a reward, she views it as the ultimate insult.

Yes, money can be the ULTIMATE insult!

There is one scene in Paul Verhoeven's "Black Book" movie where the baddie tries to bribe the heroine with piles of US dollars but provoked a very opposite reaction instead.

That's because she was very, very dulan.

Anonymous said...

she dulan because money not enough lah!!LOL

Anonymous said...

I think we need to have a "market crash" and bless more "churches" like NCC.

"One of its shrewdest was the 2001 purchase of Marine Cove at East Coast Park for $10 million, $4 million below its valuation price, after the previous owner had to sell off assets to pay creditors.

Mr Kang, who readily quotes from the Bible to illustrate the virtues of investing, said: 'Marine Cove was a great investment. It came with ready, popular tenants such as McDonald's and the place is always crowded. Even the carpark is making money.'

Profit from Marine Cove came up to $425,388 in the last financial year.

http://www.straitstimes.com/Free/Story/STIStory_158364.html?vgnmr=1

Anonymous said...

That piece of landing probably worth 5 times or more???

Time to change profession.

Anonymous said...

Anon 12:56,

What the fuck are you talking about? Could you please at least show some basic consideration for everyone in this commentary by writing clearly in English? Otherwise, we don't even get the fuck you're mouthing about.

Please improve your grammar.

Anonymous said...

sinkaporean sinkaproean, grammer very good. no need improve no need you jealous. HA HA HA HA

Anonymous said...

"That piece of landing probably worth 5 times or more???

Time to change profession."

Time to laugh all the way to the bank, SUCKERS!!

Lim Leng Hiong said...

"she dulan because money not enough lah!!LOL" - Anon 13/4/10 14:31

Or maybe it's the other way round - money not enough because she is very, very dulan?

If you have seen the movie you would know that she wasn't in the mood to count the money and find out whether it's enough or not.

In fact if the money wasn't offered she might not have reacted so resolutely.

Anyway since we are in such a lighthearted mood, with so many "LOL" in your comments, let me tell you about an idea for a story I've been thinking about for a while now.

It's a simple story, quite normal actually:

An office worker is an employee of a big company and is forced to follow the orders of her superiors who are secretly playing politics with each other while pretending to field a unified front.

She is tasked to do public relations for the deeply unpopular corporation, which she resents because that makes her stuck between her bosses - whom she considers to be selfish, arrogant, incompetent and were only in high places because of their family background and business connections, and the irate public - whom she she considers stupid, ungrateful and full of unreasonable demands.

She hates her job so much that whenever she is ordered to defend the company from public criticisms, instead of defending using facts, she would blatantly twist the issue using irrelevant anecdotes and sarcastic language to make the public even more dulan.

She hopes that if despite her "efforts" the company becomes even less popular than before, her superiors will finally stop asking her to do this unpleasant job and hopefully promote her to a nice office with a nice view now, please.

Do you like this story?

Pls LOLz moer if U rikez!ROTFcopter!!!dumdumdum...

Anonymous said...

"She hopes that if despite her "efforts" the company becomes even less popular than before, her superiors will finally stop asking her to do this unpleasant job and hopefully promote her to a nice office with a nice view now, please."

If you find such a boss, let me know.

I would like to go a against the company's ethos and be rewarded.

Pls LOLz moer if U rikez!ROTFcopter!!!dumdumdum...

Anonymous said...

I don't think Gentlemen suggested anything except to make preparations in lieu of the future hardship that is going to hit us because of the government's policies. Is that right, Gentlemen?

His observations were merely descriptive and not prescriptive, so Anon 13:14 doesn't make any sense. I think you over read his comments.

Also, please don't be so arrogant. Your "NEXT!!!" smacks of LKY's daftness. See lah. How the leaders behave, the people also are behaving in the same way?

Anonymous said...

Vote wisely. Vote for COST and laugh to the bank with GMS!!

Anonymous said...

Let's not feed the troll of Anon 15:52, he's another PAPies troll.

Anonymous said...

13/4/10 15:47

why be bossed?

box them lah. lolz

Anonymous said...

fuck, if only the oppositions can think.

Anonymous said...

The truth is out there somewhere no matter how Mr. Mah and his colleagues try to doctor or present their arguments. Getting caught and now trying to defend the indefensible, Mr. Mah is caught in the corner. What else but to attack as making a bad report look good is ok as long as no one ask any question. Too bad Mr. Mah.

Anonymous said...

Mr Mah not only like to fugde numbers, but he also like to fudge questions.

Anonymous said...

i can see mr mah sweating profusely already. add more salt and pepper pls!

Anonymous said...

I don't think Mah Bow Tan is a liar.

I just think he is an idiot.

Mah Bow Tan's figures are wrong because he is too stupid to realize he's been making serious mistakes at work.

Anonymous said...

Vote wisely. Vote for COST and laugh to the bank with GMS!!

13/4/10 15:52

i hope ah seng wins. we need him to balance the ah mengs in the zoo.

Anonymous said...

Some of you saying that a market crash or correction is not beneficial do not realise one thing:

That is, what the PAP govt fears most, is when the market does crash, because then it will have no choice but to bail you all out. They have more to lose if all you start defaulting your loans. And if they do not bail you out, there will be blood.

A crash of the mass housing market is not necessarily unhealthy, except for fat cat bankers and debtors.

So unleash the bears!

Anonymous said...

Just curious, Anon 10:29 are u supporting or saying that Anon 09:26 is wrong on the amount of people on the ground? Sorry la, english powderful...

Anon 17:45... Eh, if Ah Beng or Ah Seng become gah-men bit-shot wah lau, Mahjulah Singapura from Melayu become Hokkien ah! That is damm interesting!

Anonymous said...

Just curious, Anon 10:29 are u supporting or saying that Anon 09:26 is wrong on the amount of people on the ground? Sorry la, english powderful...


my england so powewderful, i also read confuse already. haaaaaa

people here england too powderful for me, i think i go read Sweet Times better haaaaaa

Jeffery Leong said...

The key thing is, how can I ensure that my kids (if I don't have to save for 5 years just to get house and another 1-2 years to have a child) to have a home like what my parents and previous same elected government did for us?

How?

eightiesman said...

Housing affordability, from a common sense point of view, should always be based on individual income VS housing prices.

It cannot be a collection of the salaries of all people living in the household.

The reason why the household incomes are higher is because adults are living longer and longer with their parents. I have friends 30-40 who are still living at home. Why is this so? Because they can't afford to move out and get their own place! I think anyone with half a brain should be able to figure this out.

I think individual median income VS prices is best as it may be able to eliminate the income gap. For example, out of 100 people, if 95 earn around $4,000/mth and there are 5 elitists/MPs who earn $80,000/mth, the median is still $4,000/mth. If you use the mean, it will be $7,800 which is not indicative of the problem.

The root cause is that we are trained to be obedient, passive and respect hierarchy so the people at the top do not need to be accountable for their actions.

Good luck Singapore.

Anonymous said...

You are stuck in the eighties. 1880s.

Anonymous said...

Income maybe higher, people are working till they drop, unlike the British Colony Time when civil servants got quarters to stay, free medical cares, civil servants go pensions when they retired at 45to 50 year old. Education then was provided at nominal cost at all public schools of all four major langusges. Transport fares and fees were so cheap, one travelled from one end to another with a few cents.

HDB Point Block Five Room Unit cost under 40K before the Eighties. Are there any under 400Ks todays? Possible, for those over 40 year old and even then only in outlying estates.

Minister Mah BT liked all the other Ministers, is as cold blooded if not more so. In order to make profits, all the Ministers are justifying their deeds with whatever reasons they could grab. They care not the implications and effects of the rising costs of livings on their people. They exploit, manipulate, squeeze and grab whatever to improve the economy.

WHEN THE ECONOMY PERFORMS WELL, WHERE DOES ALL THE MONEY GOES????
HOW DOES THE IMPROVED ECONOMY BENEFIT THE PEOPLE???


patriot

Anonymous said...

Income maybe higher, people are working till they drop, unlike the British Colony Time when civil servants got quarters to stay, free medical cares, civil servants go pensions when they retired at 45to 50 year old. Education then was provided at nominal cost at all public schools of all four major langusges. Transport fares and fees were so cheap, one travelled from one end to another with a few cents.

HDB Point Block Five Room Unit cost under 40K before the Eighties. Are there any under 400Ks todays? Possible, for those over 40 year old and even then only in outlying estates.

Minister Mah BT liked all the other Ministers, is as cold blooded if not more so. In order to make profits, all the Ministers are justifying their deeds with whatever reasons they could grab. They care not the implications and effects of the rising costs of livings on their people. They exploit, manipulate, squeeze and grab whatever to improve the economy.

WHEN THE ECONOMY PERFORMS WELL, WHERE DOES ALL THE MONEY GOES????

patriot

ghost of tehcheanwan said...

When Teh Cheang Wan was 'alive', HDB flats were very affordable and I do not recall minister Teh making claims HDB was running a deficit in the Billions.....
and not least, despite Teh getting kickbacks from those developers.

If Mah Bow Tan has nothing to hide, then may I suggest he allow an independent commission to be appointed to interview all participating developers who build HDB flats so that every aspect of cost can be determined....to the nearest 100$

Having said that, Mah ought to know the consequences....either become a hero or do the honourable thing like Teh Chiang Wan, except it's better for him to take a Dive and my HDB flat is available.

Anonymous said...

"What the fuck are you talking about? Could you please at least show some basic consideration for everyone in this commentary by writing clearly in English? Otherwise, we don't even get the fuck you're mouthing about.

Please improve your grammar."

It's not the grammar or you should tell it to those who wrote Singlish here.

It's your IQ. Apparently, you do not even know which orifice is used for sex.

Try rinsing your filthy mouth. It might clear your brain for more efficient data processing.

Anonymous said...

i hope ah seng has no lusts for peanuts . he may turn into ah meng by eating all the rich food.

Onlooker said...

Summary: "There are three kinds Lies, damned lies, and statistics"

http://en.wikipedia.org/wiki/Lies,_damned_lies,_and_statistics

Kin said...

Oh...can we move back to kampungs now that HDB is condo prices? Make way for foreigners. Oh...wait...no more kampungs. :(

Anonymous said...

Got kampung la... PAP will ask SGs to move to neighbouring countries...

auntielucia said...

so, u think by toppling the PAP u can get a home more easily? U may be right but i doubt a)those who already own homes at high prices will be happy with property prices collapsing n undermining their equity b) without PAP jobs may not be that plentiful so those unemployed may not be able to afford even lower priced homes and c) if those in (a) also lose their jobs, they wld get a double whammy: ie they wld owe banks more than their homes are worth; that's a sure way to go bankrupt.

U know who wld be the most likely winners under such a scenario?

S'poreans and foreigners (eg fm China, Indonesia, India esp) with bags of cash. They would be able to sweep in n buy choice homes and other real estate at bargain basement prices.

So, do u think those who are rooting for lower home prices have a hidden agenda or not? :-D

Anonymous said...

auntielucia, what you say might be true. It might happen, it might not...

However how sure are you that flats / property prices will fall once the PAP is no longer in control?

No doubt the LKY and the PAP brought Singapore to great heights and success till today but let us remember that without the public support, they are nothing... If the Public didn't supported the PAP intially, would they be on top right now? Empires rise and fall since the dawn of time but humanity, civilization did not cease to disappear when a particular empire collapsed...

Asset value may fall, things may turn chaotic but markets at not subjected or pegged to goverments. If there is buyer and seller, demand and availability, business will carry on without a goverment or without a goverment...

On a side note, I do believe that many will agree that the goverment has done a good job from a kampung village till today...

Anonymous said...

Maybe and it is only pragmatic to quote the Chinese Saying 'Si e(r) hou sheng', meaning the death of one results in the birth of another(new lease of life/beginning).

Me sees no solution to the mess and a fren says only nature(natural events) can solve and save our SIN. Finds it hard to disagree with him as ME FEELS ONLY THE END(death/demise) OF A DYNASTY CAN THERE BE A REDEMPTION FOR SIN.

patriot

lim said...

@auntielucia

If you remember, property bubble did burst around 1996 - 2004, and pap was the ruling party during those times.. so it doesn't mean that if pap continues ruling, we won't have another bubble bursting..

Anyway, do you know we also lost a lot of our reserves past couple of years, again with pap ruling singapore..

So pap, despite being super "talented", failed to prevent singapore from entering recession, and instead of profitting from the subprime crisis, make loses..

In conclusion, pap is not that talented, and we might be better off if another party forms the next govt..

Anonymous said...

You have lost my vote mr mah. Reform Party state your plans, win me over.

qinbincai123 said...

Troupe of little vagrants of jired88 the world, leave your footprints in my words.
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