17 May '11, 11pm

Using housing type as the yardstick for national wealth-sharing is unfair, says our reader.

I AGREE with Madam Alena Yap ('Housing type not a fair yardstick for wealth-sharing'; Monday) that it is unfair to use housing type as the yardstick for national wealth-sharing. The selling price of a five-room executive flat located in the west of the island is much lower than that of smaller-sized flats in the east and central areas. Relatively speaking, owners of five-room executive flats in the west have lower personal wealth. Yet they are penalised in national wealth-sharing. Families that purchased bigger flats, so that siblings can stay together, share financial burdens and take care of their elderly parents, are also penalised.

Full article: http://www.straitstimes.com/STForum/OnlineStory/STIStory_...

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Housing type is not an accurate and fair yardst...

straitstimes.com 16 May '11, 4am

DR ANTHONY Tay commented that housing type used in wealth-sharing schemes by the Government is a fair reflection of person...