05 May '11, 4am

Singapores%20Fast%20Growth%20Creating%20Rich-Poor%20Divide%3F%20-%20Yahoo%21%20Singapore%20Finance

Singapore’s Fast Growth Creating Rich-Poor Divide? Jenny Chan Vheng Yern , On Thursday 5 May 2011, 10:05 SGT Liyana Dhamirah, 24, says she and her husband Fazli bin Mohd Jailani, 31, and their three young children lived in a tent on the beach in Singapore for four months in 2009 when their Housing Development Board flat was repossessed as they were unable to service their mortgage loan. The Singapore government provides subsidized housing via the Board to its citizens. Liyana and Fazli now share a rented flat with another family. "It's unfair. I'm a Singaporean, yet I'm not benefiting at all from how rich Singapore has become." Liyana and Fazli say they earn a combined S$800 ($652) a month but have been unable to make ends meet. "Sometimes I can't even afford a S$1 ($0.80) ice cream cone for my kids," says Fazli, a former mechanic apprentice, who is now unemployed and depe...

Full article: http://sg.finance.yahoo.com/news/Singapore-Fast-Growth-cn...

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