New VERS scheme for aging HDB

[inlinesix]

In JB or Singapore one?

[DACH]

I stay with you.

 

Old man take care of old man.

I don't think I'll exist by then.

[Yoongf]

Single guy should be able to accumulate more savings then people who have children, unless all the years he doesn't have a proper job or steady income all the while.

In today’s society, we have to accept the fact that there are all types of pink nric holders. Single guy no kid but will hv expensive BMW. Families with kids may be single income. Got cash but dun qualify for loan. CPF funds locked up by CPF life.

All these scenarios are limiting society accomodation options unless govt start loosening the rules.

 

One way to save old flats will be to open up to any pick nric holder to buy old flats. No need ROM cert or abv 35.

[Wt_know]

well said

.

.

but this means $800K 43yrs old flat will cheong to $900K liao ...

with so many shackles the property BULL still cheong hor

once you unleash the BULL ... ho say liao

 

One way to save old flats will be to open up to any pick nric holder to buy old flats. No need ROM cert or abv 35.

 

Edited September 27, 2018 by Wt_know

[Evillusion]

I stay with you.

 

Old man take care of old man.

tommy koh will agree...

[Vratenza]

 

wait till they revoke the section 377a first lah...

 

 

I stay with you.

 

Old man take care of old man.

 

Edited September 27, 2018 by Vratenza

[Yoongf]

well said

.

.

but this means $800K 43yrs old flat will cheong to $900K liao ...

with so many shackles the property BULL still cheong hor

once you unleash the BULL ... ho say liao

Without loan or cpf usage, unlikely price will fly thru the roof. Valuations will be based more on the rental yield method.

 

In new york, abandoned warehouses found new life as SOHO. Can be something similar.

[Beehive3783]

Khaw Boon Wan already thought about this years ago.

 

Retire in JB nursing home.

 

 when you come out to work say 25yrs old...."buy" your 1st retirement BTO 30yrs lease home, by time lease runs out, you only 55yrs old.....

 

PAP still want you to work till 70 yrs old if they have their way....so 15yrs left till retirement you stay where? better still have savings to buy another new home by that time.

after retirement also need place to stay.

 

[Evillusion]

 

wait till they revoke the section 377a first lah...

 

Tommy koh would prefer that Robert Redford propose to Woody Harrelson.....

[Meanmachine]

We can talk till Holy Cow comes home, there will be no direct answer, Gahmen still scratching head till hair drop.

 

My point is: "Why worry now ? when the days are not up yet, its 20 years down the road, I mean, not many flats will be eligible for VERs and by then majority of HDB lessee will be 70-80yo, so what if the flat has been fully paid-up ? that another game plan for MND, who ever takes over Ah Wong may not be calling all the shots, perhaps a select committee emerge . . . like musical chairs . . .here we go again.

[13177]

We can talk till Holy Cow comes home, there will be no direct answer, Gahmen still scratching head till hair drop.

 

My point is: "Why worry now ? when the days are not up yet, its 20 years down the road, I mean, not many flats will be eligible for VERs and by then majority of HDB lessee will be 70-80yo, so what if the flat has been fully paid-up ? that another game plan for MND, who ever takes over Ah Wong may not be calling all the shots, perhaps a select committee emerge . . . like musical chairs . . .here we go again.

Quite true, what they say now 10-20 years down the road what will happen nobody know. Also by then the person in-charge might change liao.

[Wt_know]

can anytime flip prata la

last time said ... hdb is your biggest nest egg .. song song gao jurong

now said ... hdb ... when reach maturity ... it's kosong eeleck ...

 

Quite true, what they say now 10-20 years down the road what will happen nobody know. Also by then the person in-charge might change liao.

 

Edited September 27, 2018 by Wt_know

[Vratenza]

The only tangible reason for PAP to bring this up now (instead of 20yrs later) is to placate the majority HDB owners who are going to vote in the up coming GE in 2020.

 

Vote for me, you still have chance of getting out of musical chair with some scraps ........if you don't vote for me, you can kiss your retirement home and retirement funds goodbye.

 

 

We can talk till Holy Cow comes home, there will be no direct answer, Gahmen still scratching head till hair drop.

 

My point is: "Why worry now ? when the days are not up yet, its 20 years down the road, I mean, not many flats will be eligible for VERs and by then majority of HDB lessee will be 70-80yo, so what if the flat has been fully paid-up ? that another game plan for MND, who ever takes over Ah Wong may not be calling all the shots, perhaps a select committee emerge . . . like musical chairs . . .here we go again.

 

[13177]

The only tangible reason for PAP to bring this up now (instead of 20yrs later) is to placate the majority HDB owners who are going to vote in the up coming GE in 2020.

 

Vote for me, you still have chance of getting out of musical chair with some scraps ........if you don't vote for me, you can kiss your retirement home and retirement funds goodbye.

True, they can promise or paint you a nice picture, after GE they can anytime flip here flip there.

[DACH]

The only tangible reason for PAP to bring this up now (instead of 20yrs later) is to placate the majority HDB owners who are going to vote in the up coming GE in 2020.

 

Vote for me, you still have chance of getting out of musical chair with some scraps ........if you don't vote for me, you can kiss your retirement home and retirement funds goodbye.

They are playing with your fear to gain votes.

Still don't get it meh?

[inlinesix]

 

wait till they revoke the section 377a first lah...

 

 

Behind close door, nobody knows

[Sdf4786k]

Looks like we may be able to sell to others to make them stay.

 

 

 

https://www.gov.sg/factually/content/how-does-the-shrinking-local-workforce-affect-singapores-economy

 

At current birth rates and without immigration, Singapore’s citizen workforce will start to age and shrink by 2020. As workers retire and as fewer young Singaporeans enter the workforce, Singapore’s citizen old-age support ratio - the ratio of citizen in the working ages to each elderly citizen - is projected to fall from 5.9 to 2.1 between 2012 and 2030. 

With our growing number of senior citizens, healthcare and long term care spending is expected to increase. As a result, the smaller base of economically active citizens may have to pay higher taxes to support the ageing population and their growing needs. 

Singapore is a key hub for many businesses serving the Asia markets. They may consider moving out of Singapore if manpower needs are not met. As businesses scale back, job opportunities for Singaporeans will be limited. With less attractive job opportunities in Singapore, more highly-skilled Singaporeans will start to seek opportunities elsewhere. This may cause a vicious cycle, further shrinking the size of the workforce.

As the economy stagnates, it will be difficult to garner fiscal resources to invest in physical infrastructure for instance, or to address the needs of lower-income Singaporeans. Without economic growth, social and welfare programmes can quickly become unsustainable. 

Besides just getting older and smaller, our citizen population is also growing increasingly educated. We will need to decide how to meet the challenges of our demographic changes and its impact on economic growth. This will allow us to calibrate our policies so that we can continue to create good job opportunities for Singaporeans in the long run.

For more information, please refer to http://www.mti.gov.sg/MTIInsights/Pages/MTI-Occasional-Paper-on-Population-and-Economy.aspx   

 

https://timesofindia.indiatimes.com/home/education/news/india-tops-talent-migration-into-singapore/articleshow/65945272.cms

 

Representational ImageRepresentational Image

SINGAPORE: In a report published earlier in September by LinkedIn Talent Solutions, titled "Emerging Jobs: Singapore", the talent that moved from India feature prominently in 4 of the top 5 fastest growing jobs in the country. 

Singapore is a densely populated city-island of about 600 square kilometres or roughly two-and-half times smaller than the National Capital Territory of Delhi, with a population of about 5.6 million. Out of that, 3.5 million are citizens and about half a million are permanent residents. Singapore is grappling with declining birth-rates amongst citizens and their inability to replace themselves. As a result, it requires foreign workers in areas where it is lacking to continue to sustain its economic development as well as maintain its attractiveness to investors, its vibrancy and position as a global financial and innovation hub. 

Mr Ong Ye Kung, Singapore's Education Minister said in a Bloomberg interview published last week that Singapore, with an ageing population and a shortage of high-tech workers, finds it necessary to bring in foreign talent in areas like software programming and artificial intelligence (AI), while the country re-balances its education system to meet future demands. He added that while a quota system will be kept in place for lower-skilled industries like construction, little restriction will be placed on foreign high-end jobs. Mr Ong added, "Talent is very short everywhere in the world- AI talent, software programmers. We let them in because we require a critical mass for the sector to take off, while we continue to train Singaporeans for those jobs." 

Some observers say that due to the rapid pace of change, by the time students graduate from their technical undergrad programme, half of what they learnt in the first year will have become outdated. Indeed, today's top emerging jobs in the LinkedIn report may not even have existed 5 years ago or may just be someone's idea of a fanciful job title- for example, Growth Marketers, User Experience Designers. The LinkedIn report compares data from 2 million Singapore-based LinkedIn users from 2013 to 2017 to identify the top up-and-coming roles and skills required for each job. It also looks at the roles that are increasing in demand and where the talent comes from and where it resides today. 

So, what are the top five emerging jobs in Singapore? 

According to LinkedIn, they are data scientist, cyber security specialist, user experience designer, head of digital and content specialist. In the 5 years surveyed, job titles related to data science grew 17 times, that of Cyber Security Specialist grew by 5.5 times, User Experience Designer by 3.4 times and Head of Digital and Content Specialist both by three times. 

LinkedIn also noted that although the core job description might be that of technology, software, coding or data skills, soft skills are more so required by organisations today. Companies desire employees that are adaptable, able to collaborate and have leadership skills on top of project management skills and the ability to communicate clearly. 

Singapore has been doing a decent job in investing in education, lifelong learning and upskilling its workforce. The education system also does well in anticipating the demands of employers. Inspite of this, the talent for emerging roles while in high demand, is lacking- both in Singapore and globally. With fierce competition expected for limited talent, the "perfect candidate" could be highly sought after and well-paid. 

Talent that has moved from India to Singapore in the last five years feature in four of the top five emerging roles in terms of the proportion of international talent that end up working in Singapore. Of the workers that have moved from India to Singapore, they are most numerous in roles of data scientist and cyber security specialist. For example, out of all data scientists that have relocated to find work in Singapore, 22% were previously based in India and 14%were previously based in France. 

For cyber security specialists, 19% of people who moved to Singapore were previously working in India before coming to Singapore to work while 13% worked in Australia before starting work in Singapore.

 

Content Specialists, who had jobs in India before coming to Singapore to work, form the joint highest group at 14.5%, the same as workers who had previously worked in the United Kingdom. Talent from India in the field of user experience design ranked fourth forming 7% of all foreigners who have moved to Singapore.

 

The Ministry of Manpower in Singapore says that its data showed that of these roles surveyed by LinkedIn, foreigners take up just 30% of the jobs. The rest are filled by Singapore citizens.

 

In the job market today, increasing emphasis is placed on cross-industry skills and soft skills. Those most successful in their careers are able to apply their technical know-how across different industries and also able to communicate and collaborate well with colleagues and partners.

 

Singapore has unique and growing job requirements as many Multinational Corporations (MNCs) have their regional headquarters here. The government also aggressively encourages more and more MNCs to set-up office here. As such, demand for highly specialised talent will continue to grow and foreign talent will be necessary to fill the jobs created in the new digital economy as long as insufficient locals have the skills, work experience, and knowledge to do so. 

 

 

 

 

 

[Wt_know]

floodgate open ... no $1M no sell ... huat ah!