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“The hugs and kisses, the way we held hands – that is something we will never forget”: Family of 19-year-old NSF speak to the press

The family of a full-time national serviceman (NSF) who passed away on Monday spoke to reporters at a press meet today.

Their son, Private Dave Lee Han Xuan, was conveyed to Changi General Hospital (CGH) on 18 April after an 8km fast march at Bedok Camp. The Guardsman from the 1st Battalion Singapore Guards fell into a coma and spent 12 days at CGH’s Intensive Care Unit as his condition worsened, before he passed away at 5.32pm on Monday, a mere 10 days after his 19th birthday.

Dave’s mother, spa manager Mdm Jasmine Yeo, addressed reporters today and said about her son: “He is really a very good boy. He is always very respectful, he will put in effort to help the family whenever he can. Of course, he will try his best, as you all can see, to achieve whatever task is given to him.”

She added: “One of you actually asked what is the most memorable thing that we can remember, having been with him. It’s the hugs and kisses we always have whenever he comes back…and of course, as a mother, the way we held hands together when we go shopping — that is something we will never forget.”

Mdm Yeo, who revealed on Monday that her son’s cornea has been donated, said of his organ donation today: “We really want him to contribute his best at his last moments…A proud thing that my son has done, a proud thing as a parent.”

Accompanied by her husband and another lady, believed to be a family member, Mdm Yeo said that she and her husband are reserving their comments on the investigation into their son’s death at the present moment: “We reserve our comments. It is not the right time. We need to settle Dave first. That is our priority.”

Parents of late NSF Guardsman Dave Lee speak to the media

The family of late full-time National Serviceman Dave Lee Han Xuan spoke to the media for the first time on Wednesday (May 2) afternoon. His mother, Mdm Jasmine Yeo, described Corporal First Class (CFC) Lee as respectful and helpful. "As a mother, the way we held hands together when we go shopping — that is something we will never forget."She confirmed that his family has decided to donate CFC Dave's corneas. "We really want him to contribute his best at his last moments," Mdm Yeo said."(It is ) a proud thing my son has done, a proud thing as parents. We really wish that the person who receives it will continue to see the world through Dave," she added.Commenting on the investigations into her son's death, Mdm Yeo said: "We reserve our comments. It is not the right time. We need to settle Dave first. That is our priority."STORY: https://tdy.sg/2KtKUiJ

Posted by TODAY on Wednesday, 2 May 2018

Last night, Brigadier-General Siew Kum Wong, Chief of Staff – General Staff confirmed that Private Lee will be accorded a military funeral and will be awarded the Guards and Recon military tabs, as well as the Guards beret he had been training for. He added that Private Lee also received posthumous recognition of the rank of Corporal First Class.

When asked whether more could be done for her son beyond this, Mdm Yeo said: “I can’t answer your question. What is enough when the boy is not making his way home?”

Another family member, 28-year-old Mr Pong Jun Wei, told reporters that Dave was a kind and jovial young man who was planning on either furthering his studies or signing on as an army regular, after completing his National Service.

Mr Pong shared that Dave was a “good and filial son” who would help his father – property agent Dennis Lee who suffered a leg injury in an accident – with his crutches. Dave also never failed to support Mdm Yeo in caring for his father, according to Mr Pong.

Mr Pong – an operations Officer with SilkAir – is also hoping for further clarity from the Singapore Armed Forces, like Dave’s aunts who are appealing to the authorities to release a full, public explanation into what caused Dave’s untimely passing.

This, after a letter by an anonymous soldier detailing what allegedly happened that night began circulating online. The author of the viral letter claims that Lee was “forced” to complete the fast march even though he showed clear signs of severe heat exhaustion.

The alleged soldier also claimed that “the commanders did not follow the proper protocol for a soldier in heat exhaution” and “to add insult to injury, the sergeants were just surrounding him, talking cock and laughing and cracking jokes around him, obviously thinking the soldier is trying to keng.”

Sharing that their extended family was a close knit one who would often travel abroad together, Mr Pong revealed that more than 50 people comprising of family members and friends congregated at CGH during Dave’s last moments. He recalled:

“We thought it is just a simple heat stroke. Having been through the army… I didn’t see it as so severe until I saw him in bed in the hospital.
“He’s so young. Nineteen years old with a bright and long future ahead of him.”

Analysts: Developers remain keen to grow land bank in Singapore

An Insights and Analysis report by DBS bank said that by pouring $1.6 billion into three residential sites, foreign and local property developers have shown that they are keen to grow their land bank. The report added that the Cuscaden Road development may test records when it launches.

land bankA joint venture between SC Global, FEC Properties and New World Development are testing the upper limits for Government Land Sales (GLS) by placing a top bid of $410 million or S$2,377 per square foot (psf) for the Cuscaden Road site. The SC Global consortium’s bid is 8 per cent higher than the second-highest bidder – Shun Tak Holdings.

Bukit Sembawang Estates, Guocoland and Logan Property put in the subsequent high bids at $2,152 psf, $2.063 psf and $2,050 psf respectively.

The report noted that the highest number of foreign developers had put in a bid, implying robust demand for prime sites to grow land bank in Singapore.

It estimates that the break-even for the site is expected to be close to S$3,000-S$3,100 psf, which implies that the selling price will be upwards of $3,500 psf.

“With SC Global in the consortium, we cannot help but imagine that the group will look to the push the price envelope and shoot for at least S$4,000 psf and above,” the analysts said.

They added: “Based on the bids, all developers were willing to bid up to a break-even of S$2,600 psf; implying that most will be looking to launch the development for at least S$3,000 psf and above for prime Orchard Road.”

The analysis said that a site at Mattar Road was also hot with many developers vying for the same site. Ten developers put in bids for this site at Mattar Road with the top six bids within a close $50 psf range. the top bid for this site was placed by a joint-venture between middle-capitalisation developers, Hock Lian Seng, Keong Hong Holdings and TA Corporation, at $223 million or $1,109 psf.

The site is located near Mattar MRT station and is near Macpherson estate, which has both landed and public housing. The analysts believe that the developers may have been attracted to the potential rental catchment, given its location at the fringe of the CBD, and since the site is near the Tai Seng Industrial estate and the upcoming Paya Lebar commercial cluster.

Break-even is estimated to be close to $1,650-1,700 psf for the Mattar Road site, suggesting that selling prices could be at least $2,000 psf onwards.

A site in Silat Avenue, however, only drew a sole bidder. The analysts suggest that at $1.04 billion, the hefty capital outlay had cut off interest from many developers and saw a lone bid by a consortium comprising UOL/UIC and Kheng Leong. With development limited to 1,250 residential units (average size of 790 square feet), the use of PPVC construction techniques, and presence of five conservation buildings and a cap on commercial gross floor area (GFA) of 1,300 square metres, several mandatory conditions apply to this site. Back-on-the envelope estimates put break-even at close to S$1,700 psf  for this site.

Some other reports have suggested that foreign property developers are bidding aggressively to stock up on land bank, and that this may be bad news for home-buyers because additional costs may be headed their way.

Some property consultants have suggested that the low interest rates which are being provided by the banks now is a major factor which is driving developers’ demand for land bank. Co-founder of HugProperty, Ku Swee Yong, for example noted that there is the fear that the low interest rate situation which has been with us since the Lehman crisis, may change at any time.

“If there were to be a hiccup somewhere in the world, interest rates could spike up,” he said.

Developers’ demand for land bank is riding on the recovering residential property market, which has also propelled residential investment sales value to the highest level ever. Developers snagged some 26 plots of residential land (excluding sites yielding more than 20 per cent of gross floor area in other uses) worth $7.27 billion in the first three months of 2018. Of these, $5.83 billion were accumulated from 17 collective sales deals, while the sale of four government land sites (including one Executive Condominium plot) contributed a further $1.24 billion.

The low interest rates, besides supporting the developers’ interests, is also sustaining the buyers’ fascination with new launches. But buyers have to be concerned since any hiccups in the global economic order (e.g. trade war between China and the USA) could see their interest rates sky-rocketing.

Trade war between USA and China could spring nasty surprise on en bloc mania

The Fed interest rates hike is also expected to have an impact on home loans of buyers. The increase is expected to have an impact on credit cards, mortgages, vehicle loans and bank savings accounts here. This is because Singapore interest rates are closely correlated with those in the US. The SIBOR (Singapore interbank offered rate) for example is expected to go up. This could dent some of the enthusiasm in the buoyant property market.

Since the beginning of this year, banks have raised interest rates for both fixed and floating home loan packages by 10 – 30 basis points (bps). Some banks have already upped their mortgage rate to 2.05 per cent, to keep pace with the increasing interest rates.

Banks, however, are usually slow off the mark in raising the interest rates in response to global news. This lag time is where a mortgage consultant can best help a distressed buyer to finance a new purchase or to refinance their current property.


If you are home-hunting, our Panel of Property agents and the mortgage consultants at icompareloan.com can help you with affordability assessment and a promotional home loan. Just email our chief mortgage consultant, Paul Ho, with your name, email and phone number at paul@icompareloan.com.

Former Guardsman claims superiors deliberately overworked NSFs who were unwell amid allegations surrounding recent NSF death

The untimely death of Private (PTE) Lee Han Xuan Dave gripped headlines after the Ministry of Defense revealed that the 19-year-old passed away on Monday. PTE Lee died after being kept for 12 days in the Intensive Care Unit at Changi General Hospital, where he was admitted after he collapsed due to heat exhaustion following an 8km fast march in Bedok Camp.

The family members of PTE Lee are demanding that the authorities release a full, public explanation of what happened to PTE Lee, after a letter by an anonymous soldier detailing what allegedly happened that night began circulating online.

The author of the viral letter claims that Lee was “forced” to complete the fast march even though he showed clear signs of severe heat exhaustion. The alleged soldier also claimed that “the commanders did not follow the proper protocol for a soldier in heat exhaution” and “to add insult to injury, the sergeants were just surrounding him, talking cock and laughing and cracking jokes around him, obviously thinking the soldier is trying to keng.”

Another netizen, Facebook user Joel Goh, asserted that he “completely believed” the allegations made in the anonymous letter based on his experiences in the Singapore Armed Forces.

Goh, who served as a Guardsman during his time in National Service, said that he had the same experience while he served as an NSF. Goh alleged that NSFs posted to the Guards who are genuinely ill received less rest than those who were not ill, as their superiors believe they were just malingering to get out of doing work.

These superiors, sergeants who are usually barely a year older than their charges, not only forced the sick to participate in strenuous activities and worsen their conditions, they also treated their charges with extreme derision, according to Goh.

Goh wrote that what started as a fever during his time as an NSF became a painful knee cartilage tear after he was forced to carry a heavy metal boat by hand with three others who were also sick.

Despite receiving a hospital certificate that showed that he had torn his meniscus and even though he experienced great pain with even the smallest steps, Goh allegedly “had to participate in change parades (which we understood to be illegal in the SAF) — “tekan” sessions in which we had to run up and down the stairs repeatedly to change into different attires in quick succession.”

Not only that, Goh “had to do a 1km march in the jungle in full battle order, which means trekking through uneven ground while carrying a huge heavy bag, rifle, etc. I had to participate in an enplaning and deplaning exercise on a helicopter, which involved running through the jungle to board and disembark from a helicopter. I had to “help out” everyday BEFORE AND AFTER these exercises because I was part of the “chao keng” gang who were the resources the army uses to do all the “sai kang” (shit work).”

He added: “Among other things, I had to climb steep hills in the Western Catchment Area to plant target boards for a live firing exercise. This meant waking up way earlier than the rest of the platoon to set up those targets, attending the entire live firing exercise with them, and then staying back to remove those target boards long after the rest of the platoon had gone back to sleep.”

Adding that the Medical Officer also treated the NSFs poorly, Goh shared further details of how poorly Guardsmen who were unwell were treated: “Every week, when the platoon was granted the incentive of having a nights off (an evening out from camp during the week), we were told we could not go because we “did not contribute to the platoon”. When we booked out from camp on weekends, we had to book in on Sunday, earlier than the rest of the Platoon, because we were “needed” to help out with administrative tasks – the sergeants made us clean their own offices for them. We were basically the clowns of the platoon.”

Read his post in full here:

There is a post going around about the Guardsman who just died (https://www.facebook.com/cecilia.yeo.165/posts/10156682082464276), and the gross mismanagement involved in his unfortunate demise. From my own time in Guards, I completely believe its contents.

It’s been many years since my stint in the army, and I’ve refrained from talking about this publicly. But reading the post makes me so angry because, while my own experience never reached such an unfortunate result, I had the same experience in Guards. I know there are many good people in Guards, especially at the higher echelons, but it seems like things on the ground have not changed.

The thing about Guards and perhaps other formations is that they are ruled on the ground by kids — 19/20 year old sergeants who are barely a year older than the men they command. Give these boys a little power, and they get drunk with it. Without proper supervision and discipline, things will get out of hand. These are the people I once overheard saying among themselves, “Honestly ah, I hope we can have war soon. We already train so hard ah, I really hope got war, so we can put what we learn to use leh”.

This was my personal experience: It all started with just a fever. I had a fever and had to rest in the bunk on “light duties only” status. Guys on “light duties only” status were required to help with administrative tasks. That may be understandable. But do you know what I had to do that day? Carry a very heavy METAL boat, by hand, with 3 other people who were unwell. It was a boat which could sit 6 men, I think. My superiors knew I was having a fever. While carrying that damn boat, in my feverish state, I twisted my leg and got a meniscus tear in the knee. I got a hospital certificate for my meniscus tear, and awaited a medical board review of my PES status. All my superiors knew about my situation, but everyone talked about it as if I just “chao keng” (malingered). Everything in Guards is just “chao keng”. Even when you have a medically certified meniscus tear which gives you a sharp pain in the knee with every single step you take. There were a few other guys in a similar situation as me in my platoon. To our superiors, all of us were just “chao keng”. One of my platoon mates went to see the Medical Officer, Doctor Malcolm Tan (a man I shall never forget) for a diagnosis for night blindness. He told my platoon mate to “fuck off”. I completely believe my platoon mate. I myself had been told by Dr Malcolm Tan to “get out of [his] room!” once when I gave him a medical certificate to endorse. I instinctively left the room. Then I immediately turned around, knocked the door, and went in again. I asked him if he will take personal responsibility if anything happened to me during the period covered by my MC. He stared at me as if I was asking for a slice of his liver. He snatched my MC, endorsed it, and threw it on the floor. “Take it and get out of my sight”, he said.

But I digress. During the period I had a meniscus tear, I continued to be required to do most of the things the rest of the platoon did. My superiors said that this was because my PES status was under review and hadn’t changed yet. With a torn meniscus, I had to participate in change parades (which we understood to be illegal in the SAF) — “tekan” sessions in which we had to run up and down the stairs repeatedly to change into different attires in quick succession. I had to do a 1km march in the jungle in full battle order, which means trekking through uneven ground while carrying a huge heavy bag, rifle, etc. I had to participate in an enplaning and deplaning exercise on a helicopter, which involved running through the jungle to board and disembark from a helicopter. I had to “help out” everyday BEFORE AND AFTER these exercises because I was part of the “chao keng” gang who were the resources the army uses to do all the “sai kang” (shit work). Among other things, I had to climb steep hills in the Western Catchment Area to plant target boards for a live firing exercise. This meant waking up way earlier than the rest of the platoon to set up those targets, attending the entire live firing exercise with them, and then staying back to remove those target boards long after the rest of the platoon had gone back to sleep. The people who are unwell in Guards are the people who end up getting the least rest.

All that horrendous mismanagement aside, the sergeants made special effort to strip us of our dignity. We were made to clear the rubbish bins everyday. Once, while walking up the stairs, a sergeant ate a sweet and threw the wrapper IN MY FACE, saying “you guys throw our rubbish for us everyday anyway HAHAHA” and walked away. The sergeants made every medical condition sound like a joke, always insinuating that they were all just a pretence, or that we were weak, or that we were somehow lacking in masculinity. We were called countless names. Every week, when the platoon was granted the incentive of having a nights off (an evening out from camp during the week), we were told we could not go because we “did not contribute to the platoon”. When we booked out from camp on weekends, we had to book in on Sunday, earlier than the rest of the Platoon, because we were “needed” to help out with administrative tasks – the sergeants made us clean their own offices for them. We were basically the clowns of the platoon. Of course if all this happened to me now, I would say a big Fuck Off to those people. But when you are 18 years old, compelled by the force of the State to serve, and repeatedly reminded that you will be sent to the Detention Barracks for insubordination if you even tried, the only thing you do is bite your tongue and say “Yes, Sergeant”.

Ours is a conscription army — none of us ever had a choice whether to serve or not. I had enlisted at BMTC with reservations about NS. My short stint at Guards left me without a doubt as to what I feel towards this institution (regardless of my thoughts on its necessity). Thankfully, I got posted out from Guards after those few months, but the experience I described above is not something one can forget. Many friends talk about their NS experience in positive terms. I usually just keep silent whenever they do that — it’s impossible to explain why I hated NS without sounding like a petty or lazy person, unless I go the whole way to explain the full extent of the injustice and indignity I had to experience in those months. In our alpha male culture engendered by NS, complaining about NS is often derided as inadequacy of some sort. I have no doubt that those friends of mine had a positive experience in NS, especially if they were officers. I’ve attended commission parades before and was amazed at how much pomp is involved and how much resources are expended just to dignify their status. It’s ridiculous how different our experiences have to be — at the end of the day, aren’t we all just here to serve our country?

https://www.facebook.com/joelgohch/posts/813949062149243

Margate Point launched for sale in maiden collective sale attempt

The majority owners at Margate Point, a 15-unit apartment development at Margate Road, have collectively put their property up for sale by tender in their maiden collective sale attempt. The owners appointed Jones Lang LaSalle Property Consultants (JLL) to market the property.

Located off Meyer Road and Mountbatten Road, Margate Point has a land area of about 12,800 sq ft and is zoned Residential with an allowable gross plot ratio (GPR) of 2.1 under the 2014 Master Plan. Subject to design and approval from the relevant authorities, the site may be redeveloped into a maximum of 35 apartments with an average size of 70 sqm per unit.

“Margate Road happens to be the dividing line that segregates the high-rise residential zone from the safeguarded 2-storey landed estate. When redeveloped, the new high-rise development at Margate Point’s site would stand to enjoy excellent, unobstructed views across the vast Meyer Road and Goodman Road landed zones, to the low-rise residential areas in Joo Chiat. The stunning views, combined with its central Katong location and its close proximity to a future MRT station, would be sought-after selling points,” says Mr Karamjit Singh, senior consultant at JLL.

This part of District 15 has been a traditional favourite amongst many well-heeled families and investors due to its proximity to the Central Business District, Changi Airport and the beach. With the new Thomson-East Coast Line underway, the plan to upgrade East Coast Park into a key leisure destination, and with the developments at Changi Airport’s Terminal 5 taking shape, this whole location can expect new vibrancy and asset appreciation if the collective sale attempt materialises.

Mr Singh says, “This current collective sale cycle has performed quite differently from the previous cycle, where the average transacted value per site has increased. Many mega-sized projects have been launched and sold over the past year, with more of such mega-sites in the process of garnering their requisite consent levels.”

The collective sale attempt of Margate Point comes on the heels of some 24 en bloc sites being sold within the first four months of 2018 at an average deal size of approximately $338 million per transaction.

Last year in 2017, 32 sites were sold at an average of $275 million per transaction. During the previous peak of the collective sale cycle in 2007, the average deal size was only about $131 million.

“Margate Point’s minimum expected price of $38 million offers boutique developers and contractors an attractive and affordable redevelopment proposition, particularly if they have found themselves priced out of the market due to the high investment quantum needed for the larger private and government sites. Further, this property may also appeal to institutional investors or families looking to acquire a complete residential development to hold as a long-term investment to hedge against the rising property prices in this area. The existing typical apartment size of 1,280 sq ft makes it quite rentable.”

“Subject to confirmation on the property’s development baseline, Margate Point’s reserve price translates to a land rate of approx. $1,417 per sq ft per plot ratio (psf ppr) for a redevelopment up to GPR 2.1, i.e. before any bonus gross floor area for balconies, which is reasonable in view of the transacted prices and asking prices of other land parcels in the vicinity.”

“There is a high chance of getting 100% consent from the owners towards this collective sale. At the moment, owners representing 14 out of 15 of the apartments have already inked their consent to the collective sale. Should the last unit’s consent be obtained, the owners can then bypass the Strata Titles Board application process and work towards legal completion taking place within three months of contract,” says Mr Singh.

Mr Paul Ho, chief mortgage consultant of icompareloan said that it is good that most owners have made a fast decision on the sale, as this would mean that the sale can be concluded with minimal delay and maximum benefit to the owners.

Collective sale attempt process takes 20 to 30 months to complete, during this time, the owners typically do not have sufficient funds for downpayment and their CPF OA funds are tied up in the property, hence they cannot buy a new condominium early.

collective sale attempt

Mr Ho said that owners of properties which are attempting en bloc, must be mindful that property prices typically move up 10 to 20 per cent by the time they complete the sale of their real estate.

“Owners need to consider the cost of a replacement apartment by that time their current property is sold, so it is in the owners interest to hold their collective sale attempt at a higher selling price,” Mr Ho added.

Owners who have refinanced their mortgage loans to fixed rate home loans, or those with 2 years locked-in (or 3 years locked-in) period will incur full home loan redemption penalty. This penalty is usually 1.5 per cent of the loan amount. The penalty may affect those who have bought their properties in recent years as their loan size is often bigger and so their corresponding home loan redemption penalty higher.

Mr Ho advised: “If your home is at risk of en bloc, you should consider a home loan where there is no locked-in penalty, but instead entails a higher housing interest rate cost.”

He added: “The next best option is to look for packages with a waiver of locked-in penalty due to sale of property. You may contact a mortgage broker to assist you to find such packages with waiver of locked-in penalty.”

The tender for Margate Point closes on 6 June 2018 at 2.30pm.


If you are home-hunting, our Panel of Property agents and the mortgage consultants at icompareloan.com can help you with affordability assessment and a promotional home loan. Just email our chief mortgage consultant, Paul Ho, with your name, email and phone number at paul@icompareloan.com.

Panmunjom Declaration Permanently Ends Korean War

In a seeming victory for world peace, the heads of state of both North and South Korea have agreed to seek after lasting peace between their two countries as well as the full nuclear disarmament of the Korean Peninsula.

The two leaders, North Korea’s Kim Jong Un and South Korea’s Moon Jae-in, were seen not only embracing each other, but engaging in a significant handshake at the Military Demarcation Line that separates their two nations. Together, their announcement read that they are in pursuit of “the common goal of realizing, through complete denuclearization, a nuclear-free Korean peninsula.”

Sixty-five years after the Korean War ended with an armistice rather than a peace treaty, the two nations have decided to also pursue a complete end to the war.

The whole world was witness to shows of friendship and warmth between Mr. Kim and Mr. Moon.

In the fall, Mr. Moon is scheduled to pay a visit to Pyongyang, and the two leaders have also agreed to hold “regular meetings and direct telephone conversations.” 

This joint Panmunjom Declaration comes as a complete surprise to the whole world, since just six months ago North Korea was regularly testing its missile launch capabilities.

Mr. Kim is the first North Korean leader to walk into South Korean territory since the Korean War. He and Mr. Moon held hands as they walked from North to South Korean territory. Their destination was the Peace House in Panmunjom village, where the summit was held. “I came here determined to send a starting signal at the threshold of a new history,” Mr. Kim said.

This is the third summit of its kind. The other two, in 2000 and 2007, also featured gestures of affection from leaders of both sides, but ultimately failed to achieve peace. Mr. Kim said that this time they would not “repeat the unfortunate history in which past inter-Korea agreements… (which) fizzled out after beginning”.

President Moon had hailed North Korea’s announcement last week of the halt of nuclear and long range missile testing to be “very significant.”

The summit in Panmunjom  is seen to open the way for the scheduled meeting later this year of Mr. Kim with US President Donald Trump.

The atmosphere between the leaders of North Korea and the US grew charged over Pyongyang’s repeated nuclear tests blasts. President Moon, however, has said that this summit at Panmunjom allowed him to arrange for a meeting between Kim Jong Un and Donald Trump.

In a statement, the White House has expressed that this meeting would “achieve progress toward a future of peace and prosperity for the entire Korean Peninsula.”

The US is demanding for North Korea to destroy its nuclear weapons completely, and North Korea in turn seeks guarantees of security. In his one and only foreign trip to Beijing in March, Mr. Kim said that he was hopeful for peace tp be achieved.

The summit at Panmunjom was also marked with the leaders jointly planting a tree on the demarcation line, and then they and their spouses attended a banquet before Mr. Kim returned to North Korea.

Youth and mid-career unemployment major concerns at alternative labour movement

By Kumaran Pillai

In a forum organised by Transitioning.org, the alternative labour movement platform, eight speakers joined Mr Gilbert Goh in raising labour issues in Singapore.

The speakers called for greater accountability and stricter measures for errant employers who default on salary and CPF contribution.

Mr Tan Kin Lian called for the abolishment of GST, which he reckons is the root cause of economic problems in Singapore.

Opposition member Mr Lim Tean

said that the rent seeking economy has extracted too much wealth from Singaporeans, leaving some segments, especially the lower end extremely impoverished.

Speaking at the forum, I brought up the issue of the ill-conceived nature of tripartite arrangement between the union-employers-government as an appropriation of workers’ rights in Singapore.

Responding to one of the question raised by the audience on why CPF members can’t withdraw their funds, I told them that the lassie faire nature of our CPF system where only the members and employers contribute to our retirement fund, needs to be revised to keep up with the times.

I also called for a greater accountability and transparency of our national reserves.

We need to create a level-playing field for our local labour force, a point that was highlighted by Mr Tan Kin Lian and myself. Mr Tan further explained that Employment Pass holders do not pay levy or do National Service and hence they are the preferred choice by employers in Singapore.

I further added to Mr. Tan’s point that the recent appointment of former general Neo Kian Hong as the chief of SMRT begs the question of how our elite are given a preferential treatment in Singapore.

Mid-Career PMETs who turn to Grab when employment opportunities are limited do not have any safety net to fall on. I highlighted a case where a Grab drive made zero dollars after compensating his passenger who suffered a whiplash which riding in his car.

As more and more PMETs turn to the gig economy, we need to build more safeguards for our citizens.

The forum ended with a call to review CPF policies and to have more safeguards for our local workforce.

Below is Tan Kin Lian’s speech at the forum

Kumaran Pillai is the publisher of TISG. You can reach him at kumaran@theindependent.sg

Labour chief Chan Chun Sing: Labour Movement must remain representative and relevant

Obbana Rajah

During his May Day address, labour chief Chan Chun Sing talked about the Labour Movement’s looking forward and importance in remaining “representative and relevant”.

In his speech, he said, “For the Labour Movement, going forth, we still abide by the two words that galvanise us. We want to stay representative of the broad middle of the Singapore workforce. We want to stay relevant to them. These two are mutually reinforcing concepts”.

As of Tuesday, Chan Chun Sing has moved on to head the Ministry of Trade and Industry, a change that comes after three years at the National Trades Union Congress.

At the rally, Chan talked about the move to stay relevant and representative. He used the new Supply Chain Employees Union that was formed on 30 April 2018 and led by ST Logistics as an example and said that, “The unions have continued to grow from strength to strength. Not just in increasing the number of branches and the number of workers. Most importantly, we also want to start new unions, and new associations in new sectors of the economy to make sure that our Labour Movement continues to stay representative”.

To stay relevant, he also emphasised upon the constant need to upgrade, “so that each and every Labour Movement leader can understand the challenges and aspirations of not just a rank-and-file worker, but also professionals, managers and executives, workers in SMEs, freelancers and self-employed, and even the migrant worker”.

Chan also shared pictures of the rally on Facebook and added, “Was glad to share at the May Day Rally this morning how we have expanded our outreach to better serve our working people, regardless of age, collar, sector and nationality. While we have made progress with even more synergistic collaborations across our own network as well with external partners, we must continue to build on this momentum and help our working people overcome challenges of both today, but more importantly, tomorrow”.

This May Day Rally happens to be Chan Chun Sing’s final address before he moves on to hold a position in the Government.


obbana@theindependent.sg

Singapore’s 99-Year Lease of Residential Properties: Weighing the Facts and Possible Solutions

There has been a very intense discussion around what is going to happen when 99-year lease of HDB units in Singapore expire. While some officials have been hinting that lease willl indeed expire and homeowners may have to return their properties back to the government, some consumers have also been contending this issue. But, what other alternatives are there? Below, we explore some of the facts around property prices in Singapore, as well as the plausibility of alternatives to the lease expiration.

Real Estate Market in Singapore vs Similar Asian Cities

While Singapore isn’t known to be very cheap city to live in, evidence suggests that the real estate market in Singapore would be much more expensive had it not been for the HDB programme. For example, Singapore’s private property prices are actually very similar to those of Seoul, Hong Kong, Beijing and Shanghai where population density is quite comparable to that of Singapore’s. Given that population density is one of the major driving factors of supply and demand dynamic in real estate, it’s quite possible that flats in Singapore could cost just as much as they do in Seoul or Hong Kong if there were no public housing. Owing to the cheap HDB price, Singapore has been able to achieve an extremely high home ownership rate of 90%, while Seoul and Hong Kong continue to remain at 50-60% range.

Comparing Singapore's real estate market to those of other Asian cities

Should the Government Privatize All Real Estate Activities?

Given the dynamic discussed above, it seems unfeasible to look to complete privatization of real estate as an alternative to the current 99-year lease system. If pricing of properties were to be decided completely by market supply and demand, real estate prices could increase by many fold in Singapore. To illustrate, HDB units in Toa Payoh currently cost somewhere around S$400 per square foot, while private condo units in the same area are listed at around S$1,900 per square foot as of May 2018.

HDBs cost a fraction of what condos cost in similar areas in Singapore

Therefore, a complete privatization where all homeowners are entitled to their property forever may property prices to skyrocket. If every home in Singapore cost as much as condos do now, the increase in price could be so large that a lot of people may not be able to afford to buy a home even with the help of financing from banks. At the worst case scenario, it could even cause the homeownership in Singapore to drop down to 50-60%, meaning around 30% of families may find themselves unable to afford to own an apartment anymore.

Plausibility of Lease Extensions: a Potential Happy Medium?

Having said that, there are some alternatives methods that could be less dramatic. For example, what if owners were given the ability to renew their lease for a small fee? China has already signaled that it may allow residential property owners in the country to renew their 70-year lease without much trouble. Admittedly, China isn’t the most appropriate point of comparison because the government doesn’t provide a public housing like HDB and property prices in cities like Beijing and Shanghai are high compared to HDB prices. But, there are still softer ways of extending the lease for Singaporeans, such as paying a fee to renew the lease or extending the lease only for buyers of resale flats.

This could solve multiple problems at the same time. First, it would allow HDB owners to either maintain their home ownership for more than just 2 generations. Secondly, people can also monetize their property more easily since they won’t have to worry about their ability to sell their flat with only 10 to 20 years of lease left. Thirdly, it could also allow the government to collect some revenue from renewal or extension fees, which can then be used to fund more HDB activities.

Parting Thoughts

Without getting too political, we attempted to weigh in on the issue of HDB lease by providing an international perspective on the Singaporean real estate market. It seems undeniable that the government has provided an ample amount of financial support in promoting home ownership in Singapore by lowering its property prices. However, it also seems rather extreme to suddenly take away something on which people have spent hundreds of thousands of dollars to own. Hopefully, one can find a balanced solution at the happy median that will allow consumers to continue their daily lives without too much disruption while the government can still find enough funding to continue its activities.

In the meantime, it’s important for prospective home buyers to be prudent with their purchase decisions. It may be tempting to go for the best and most expensive home you can afford by getting as much housing loan as you can. However, over-leveraging yourself could eventually comeback to bite you, especially when the uncertainties around the lease could lead to further declines in HDB prices.

HDB Resale Price Index (RPI) 2013- Q1 2018)

The article Singapore’s 99-Year Lease of Residential Properties: Weighing the Facts and Possible Solutions originally appeared on ValuePenguin.

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Goals: A more inclusive transport system

Obbana Rajah

On Monday, an advisory panel submitted 22 recommendations to Senior Minister of State for Transport Dr Lam Pin Min on how to make Singapore’s transport system more family friendly and inclusive.

The Family-Friendly Transport Advisory Panel consists of members from key stakeholder groups, such as parents and experts on seniors and disability issues, and was established in June 2017.

Some of their proposed changes include ways to increase the ease of access for families and the elderly. They extend to installing user-friendly stroller restraint systems on public buses and introducing features that will make public buses more accessible for senior citizens.

They are also looking for more family-friendly spaces to be created and have proposed that there should be more space for wheelchair users and open strollers, and possibly a quiet room at MRT stations, bus Interchanges and Integrated Transport Hubs for commuters with special needs.

According to the Land Transport Authority (LTA), “the Panel reached out to over 3,000 users of the transport system and conducted an extensive public consultation exercise through in-depth interviews, focus group discussions, REACH listening points and an online survey”.

They added that, “A variety of social groups were consulted, including families with young children, families who drive secondary school children to school, families with members who are wheelchair users, families who cycle and use personal mobility devices, families with special needs members and seniors who travel independently”.

In his Facebook post, Dr Lam wrote, “The Advisory Panel has completed its work and I was delighted to receive the report on their recommendations to make our transport network even more inclusive. Singapore has invested much into the hardware of our public transport infrastructure and renewal works over the last few years and the Advisory Panel’s recommendations on how to improve the heartware is very timely and appreciated. The report is a labour of love by the Panel, who consulted over 3,000 commuters over the past 10 months from various groups, such as families with young children, seniors, special needs and wheelchair users”.


obbana@theindependent.sg

Two Ah Lians repeatedly slap a girl, bullying her over a boy

Obbana Rajah

A video has been circulating Facebook of two girls repeatedly threatening and slapping another girl.

A bully and her friend took turns hitting a third girl while hurling abuse at her.

Apparently, the fight was over a boy, Nigel.


Two bullies took it upon themselves to hurt a third girl because she spoke to a boy they knew, despite being warned not to do so.

“This is how you talk to Nigel? I told you not to mess with Nigel”, the supposedly wronged girl demanded as she continued hitting the girl in black.

The video showed them slapping her in-between each sentence, while she just stood there and accepted their abuse.

“So now you’re taking my words for granted la. You’ve messed with the wrong f*****g person”, the bully said.

She added, “This should be a lesson learnt. You want to mess with people, you choose the correct people to mess with”.

Towards the end, the bully also admitted that a fourth girl called Alyssa was the one who informed her about the girl in black talking to Nigel.

Netizens were outraged both at how violent and abusive the bullying was, and also why the person filming did nothing to help or to call the police.

The general consensus was that this sort of bullying should be dealt with severely and stopped.

Many on Facebook have also tagged the Singapore Police Force in the video, urging them to investigate and take action.


obbana@theindependent.sg