22 Apr '11, 7am

Mollymeek on the PAP's unique election strategy #sgelections

Mollymeek on the PAP's unique election strategy #sgelections

The value of “upgraded” flats is “higher” only when there exists un-upgraded flats from which they can be distinguished. The problem may lie with the execution of upgrading rather than with upgrading itself. Mah could have told us that upgrading is just one of many factors that have caused the rise of housing prices, and it is likely not the most significant factor. But he preferred to try to make Singaporeans fearful of the opposition instead. If there is no demand for the flats or if there is enough supply to meet the demands, the price of upgraded flats would be higher than the price of flats that have not been upgraded, but the prices would not have gone beyond the limits of affordability. But of course Mah won’t tell us this. As it is, upgraded or not, housing has become too expensive. And the PAP’s policy of importing the whole of China and India into the tiny island...

Full article: http://mollymeek.wordpress.com/2011/04/22/the-paps-unique...

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