The Eventual Privatisation of HDB
The killing of a sacred cow,
Will help tide over an extreme crisis,
The privatisation od HDB will bring,
Liquidity to the markets,
The ability to repay debts and loans,
The reversal in the Parliament of with-holding the goodies,
By locking out our hard earn profits,
The same with defering our CPF withdrawal age,
To bring much relief to the poor and the suffering,
To really bring ourselves towards,
The “REAL” standard of Swiss Living.
Contributed by Oogle.
From the advisory from MAS website,
HDB is classified as an illiquid asset,
Where it is impossible to use your HDB flat as collateral for anything,
Everything the PAP tells you about,
“Asset Enhancement” Schemes are a pack of Lies,
Where it has been enacted in Parliament,
They only intend to freeze your CPF monies,
In their Singapore Reserves,
All the talk of “Swiss Standard of Living”,
Will never materialised.
My advice to you if you can afford it,
Never buy HDB if you can afford it,
Where you are locked in a couple of years,
And the capital appreciation is never guaranteed,
It will cause hardship if you are unemployed,
Better buy “unemployment” insurance,
To take away the risks,
With limited cash in hand,
As you will never be able to use,
Your HDB flat as collateral for anything.