Wish all my loved ones good health.

What essentially happens is you pay a rather high rental (about S$300k for a 4-room in the outskirts, S$450k for a 4-room in good locations) and you get to stay there until the 99-year lease expires and the higher authorities decide that the land has a higher calling.

So what happens next? Well, the authorities will offer to relocate your family at a subsidized market rate. In other words, you get a new place and continue a new leash of rental (At below market rate! Esp important when the market is inflated.). Nice.

The HDB is the platform of the higher authority. It aims to provide affordable quality homes, ensure vibrant towns and focus on the community. However, it cannot be lost on the citizens that the recent spate of housing control measures came out pretty near elections timing. Also, what happened to this:

“In 1964, the government introduced the Home Ownership for the People Scheme to give citizens an immovable asset in the country, a means of financial security and a hedge against inflation.”

We certainly don’t own homes any more. We merely occupy (Yes, that’s why there’s the Minimum Occupation Period.) the space for a maximum of 99 years and govt-willing, until the land is redeveloped and re-redeveloped. And re-re-re.

I’m just ranting I guess.

Please show me a get-rich-quick scheme with no risk. Please.

FSL Trust: Where to from here?

Divestment of FSL Trust

I’m a non-business-y person so I’m really poor at understanding business structures and all. People like me tend to adopt a herd mentality – many people say good leh, must be good lah. As I grow older, I realised that many things that are important to survival in society are simply not taught in school – basic law, basic business dealings, to name 2.

Back to FSL Trust. My question really is, if the business model is so unsustainable and the cashflow so unpredictable, what is the Trust manager gonna do about it? Would you let the business you are managing sink? Won’t it really highlight your resume when you apply for subsequent positions in an unforgiving corporate market?

Perhaps I have some misplaced faith somewhere. Learn from others’ mistakes, especially since I really don’t know much about business and finance. So I shall keep a close watch and divest as well – of course, when the right time comes. Not necessarily the right-est time, but the right one. =)

On a side note, here’s another article to share.

The first one had me waking up laughing.
Me: “Hello?” (sounding zzz)
Fren1: “太陽公公起床了,公雞翁翁把我們叫.”
Me: “HAHAHAHAHA!”

The second and third ones are a combi.
Me: “Hello?” (sounding zzz)
Fren2: “Hahaha you sound so blur!” (to that effect)
Me: “… Duh, i’m just waking up what…” -_-

Me:”Hello?” (sounding awake)
Fren2: “Huh…” (sounding zzz)
Me: “Hahaha!”

The fourth one sounded similar to the third one, by a third friend.

I miss my friends. :) Hope you are all doing well!

Well, unless the price falls back to the lower tier support of 0.37-0.38, I’m pretty much done with FSL. Just keep giving me the dividends please! :)