Fathership

PSP 住屋计划: 可负担住房还是昂贵的租赁计划

PSP 住屋计划可能无意中让现金充裕者受益,但使穷人处于更加劣势的状况。

|1 min read
PSP 住屋计划: 可负担住房还是昂贵的租赁计划
<p>新加坡前进党(PSP)于周一(2月6日)呼吁“重置”公共住房政策,而政府则在一份反动议中强调,建屋发展局(HDB)的预购组屋仍然是可负担得起与可及的。</p> <p>针对上个月提交的公共住房政策动议中,前进党非选区议员梁文辉和潘群勤提出了两项建议:</p> <h3 id="1" class="“headings“">1.安居乐计划</h3> <p>PSP提议若在最低限度的占用期后购买组屋单位,届时只有在单位出售时才需支付土地成本。</p> <p>换言之,从政府购买BTO单位时,你只需支付建筑成本,但当你想出售时,最终价格将扣除当前的土地成本。</p> <p>这样一来,PSP声称:</p> <ol> <li><p>住房的价格可能低于目前价格的一半(他们举例,在Tengah的一个单位,价格是35万美元,而根据他们的建议,这单位的价格将减少至14万美元)。</p></li> <li><p>现有房屋不会失去任何价值,因为当组屋最终进入转售市场时,仍需支付土地成本。</p></li> <li><p>当人们出售组屋时,国家储备金仍可从土地销售中获得资金。</p></li> </ol> <p>最终,梁文辉表示,“安居乐计划将不会对国家的财政状况和国家储备金带来重大的影响“。</p> <h3 id="2" class="“headings“">2. 千禧房计划</h3> <p>PSP提议政府在中央商务区附近的黄金地段,为年轻国人保留大量的优质公寓,以可负担的价格出租,为期2至5年。</p> <h3 class="“headings“">政府针对安居乐计划的回应</h3> <p>人民行动党议员批评PSP将土地成本排除在新单位价格之外的建议,称其为“严重市场扭曲“。他们认为,这将造成“彩票效应“,并加剧恶化买家出售其单位时必须支付超过初始价格的问题。</p> <h3 class="“headings“">政府针对千禧房计划的回应</h3> <p>对于PSP为年轻国人提供出租房屋的建议上,人民行动党议员维凯(Vikram Nair)表示,有鉴于单位供应有限,HDB应持续优先为需要BTO单位的人士建造单位。</p> <p>他补充说,如果BTO单位的需求已充分缓解,政府可考虑提供出租房屋,但还是会优先考虑为经济困难的家庭提供出租房屋。</p> <h3 id="psp" class="“headings“">剖析PSP的提议</h3> <p>PSP的建议是以延迟支付土地成本为核心,直到你想出售它为止。</p> <p>在签署BTO时,你只需支付建筑费用,根据地点的不同而略有改变,但你无需支付土地费用,因为这占了价格的一半以上。</p> <p>换句话说,PSP希望激励人们一辈子住在同一个地方。梁文辉说,那些选择永不搬家的人不应该支付土地费用。</p> <p>与现行计划中逐步还清全额房产不同的是,PSP建议在开始时只付很少的钱,但当你想升级甚至降级时,就不得不找一笔巨款补上。</p> <h3 class="“headings“">社会经济后果</h3> <p>让我们考虑PSP计划给社会带来的经济后果:</p> <ol> <li><p>没有人会购买小型的BTO,因为人们都会以最便宜的价格买到最大面积的公寓(无需支付土地成本),当然这预测建立在你不觉得搬出去有任何经济上的吸引力。</p></li> <li><p>由于新买家将以这种方式对冲他们的未来,因此转售组屋的需求将全面崩溃,因为购买它们已毫无意义。它们将比BTO贵二至三倍,而一旦你得到你想要的BTO,你就不可能搬出去。经销商只能在彼此之间进行交易--一个越来越狭窄的群体,因为所有的新买家都会去购买更便宜的房源。</p></li> <li><p>随着需求放缓,价格也会大幅下降,进而侵蚀数以万计新加坡人的财富,因为住房对他们来说,本应是他们退休后的暖巢。</p></li> <li><p>有资格参与这项计划的年轻一代也很难从中获得利益,因为他们必须在同一个地方待上十几年。他们将无法在退休后降级和收回至少部分房屋的价值,因为他们将立即受到支付巨额土地成本的打击。</p></li> </ol> <p>换言之,除了提供他们一个顶棚以外,这套房屋将无法以任何形式支持他们的退休生活。</p> <ol> <li>有些人会争辩说,只要你把在年轻时省下了土地成本,投资在利润上,所赚的钱甚至还多数倍。</li> </ol> <p>当然,理论上是这样,但如果你没有这样做呢,</p> <p>实际上又有多少人能真正做到这一点,</p> <p>虽然PSP主张使生活更可负担的想法,但实际上大多数人都不会把省下来的住房资金1:1地投入到其他方面。他们通常会把一部分(甚至全部的)钱用在消费上。</p> <p>可负担住房抑或是昂贵的租赁计划,</p> <p>按照目前的规定,当你年轻时便可获得你的第一笔抵押贷款,这样你可以在二、三十年内逐步还清相对较小的分期付款。而你便可随心所欲地拥有整套公寓。</p> <p>但根据PSP的提议,你仍将被迫支付土地费用,只是较晚而已--这将迫使你在相对更短的时间内承担更大的抵押贷款(想象你在50多岁时贷款,只为了找到一个新家),从而对任何升级或变更造成巨大的阻碍。</p> <p>他们想出的不是可负担的住房,而是一个昂贵的出租计划,让人们终生都受国家的摆布。</p> <p>你实际上并不拥有你的公寓,除非你把钱花在土地上。而在这之前,你事实上只是向国家租房--与任何普通的租房不同的是,你甚至都不能搬出去。</p>
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PPP's Goh Meng Seng - Trump's tariffs will not last so why worry?

Even a “short” tariff is cause for worry. It’s like saying a heart attack won’t kill you because it only lasts a minute.

|3 min read
PPP's Goh Meng Seng - Trump's tariffs will not last so why worry?

Goh Meng Seng’s claim—“Trump’s tariff will not last”—seems to gloss over the issues of uncertainty.

In a Facebook post published by Goh, he said: "Trump's Tariff will not last. At most, it's between China and US but even for that, it will be much moderated."

His Facebook post, while likely aimed at calming nerves and challenging the PAP’s narrative, underestimates how even a fleeting tariff can ripple through a trade-dependent economy like Singapore’s.

The problem with "It won't last"

Goh’s assertion that Trump’s tariffs are a short-term blip sounds reassuring, but it misses the forest for the trees. Uncertainty is the real poison in global trade, and Singapore, with its open economy, is particularly allergic.

Even a temporary 10% tariff on Singapore’s exports to the U.S. spooks investors and businesses. A “short” tariff could still scare off a chip fab or logistics hub - of which Singapors economy is largely based on, costing billions in future growth.

Singapore’s role as a transshipment hub means it’s hyper-sensitive to global trade flows. A brief tariff could disrupt just-in-time manufacturing or shipping schedules, leading to delays, higher costs, and lost contracts. For example, electronics, a key export, rely on tight margins—any hiccup can cascade.

If China’s economy slows due to tariffs on U.S. goods, Singapore’s exports to China (think components, chemicals) could tank.

Even a three-month tariff war could shave 1.5% off GDP, per analyst estimates, hitting jobs and wages. That’s not a “bloop”; that’s a retrenchment notice.

Goh’s point might be that Singapore’s resilience—built on diversified trade partners and government agility—can absorb a temporary shock.

Fair enough.

We’ve got FTAs with the EU, ASEAN, and Japan, and the PAP’s track record of rolling out SME aid is solid.

But resilience doesn’t mean immunity. Uncertainty breeds hesitation—businesses pause hiring, and consumers tighten belts.

Why uncertainty is the real villain

Trade isn’t just about tariffs; it’s about confidence.

Singapore thrives on predictability—stable ports, clear trade rules, and a government that doesn’t surprise you.

SMEs, which employ 70% of Singapore’s workforce, can’t plan if tariffs might vanish or double. Should they eat the 10% cost? Pivot to new markets? Lay off staff? The indecision itself is paralyzing.

Trump’s tariffs aren’t just about Singapore. If the U.S.-China trade war escalates, global demand could slump, hitting Singapore’s exports across the board.

Does Goh Meng Seng have a point?

To give Goh some credit, he’s likely trying to counter the PAP’s “sky is falling” narrative ahead of GE2025.

The PAP’s warnings—PM Wong’s “seismic change,” SM Lee’s globalization eulogy—can feel like election scare tactics.

Goh’s post taps into that skepticism, suggesting the PAP’s hyping a temporary issue to rally voters.

And he’s not entirely wrong: Singapore’s economy has weathered shocks before (SARS-08, COVID-19), and a short tariff might not trigger Armageddon. The government’s got tools—subsidies, retraining programs, trade pivots—that could soften the blow.

But Goh’s oversimplifying.

The damage—lost contracts, spooked investors, job cuts—lingers.

And if Trump’s tariffs spark a broader trade war (say, EU retaliates or China doubles down), Singapore’s caught in the crossfire. Goh’s confidence feels like a campaign soundbite, not a strategy.

Goh’s “it won’t last” is refreshingly defiant, but it’s also naive. He’s betting on resilience without acknowledging the chaos a “bloop” can unleash.

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Singapore cannot be truly neutral in the US-China conflict

Choosing neutrality would mean avoiding economic and security alignment with either side, but Singapore’s reliance on both markets forces pragmatic engagement. It's not a test of neutrality — it’s power.

|3 min read
Singapore cannot be truly neutral in the US-China conflict

Can Singapore stay neutral in an increasingly volatile geopolitical landscape?

Former Trade Minister and current Minister of Education Chan Chun Sing’s said in a CNA podcast that it's not about choosing sides—sometimes that’s decided for you—but about making Singapore so valuable that everyone wants a piece.

While Chan’s perspective highlights Singapore’s pragmatic diplomacy, it sidesteps a stark reality: neutrality, in the face of deep economic and strategic entanglements with both the US and China, is a mirage.

Neutrality promises impartiality but Singapore's reality mocks it

Singapore cannot be truly neutral in the US-China tariff war due to its deep economic, strategic, and geopolitical entanglements with both powers.

In 2023, China devoured 14% of Singapore’s exports ($83 billion) and supplied 13% of imports, while the US took 13% of exports ($76 billion) and 10% of imports.

US foreign direct investment ($234 billion) is a growth engine, while China’s Belt and Road Initiative exploits Singapore’s ports, processing 37 million TEUs in 2024.

Singapore backs US-led Indo-Pacific frameworks like the Indo-Pacific Economic Framework for Prosperity (IPEF). Launched in 2022, IPEF’s 14-nation coalition (excluding China) aims to boost trade and supply chains.

China, excluded from IPEF, views it as a US strategy to counter its regional influence, a sentiment echoed by Chinese Foreign Minister Wang Yi, who labeled it an attempt to “decouple” economically and “incite confrontation.”

In 2024, China’s state media jabbed at Singapore’s IPEF role, hinting at trade blowback but nothing came out of it as of today. However, the message was clear: neutrality is a fantasy when your biggest trading partner feels betrayed.

Walking a regional tightrope with ASEAN

Singapore’s security reliance on the US, especially for deterrence in a volatile region, tilts its strategic calculus.

Neutrality would require distancing itself from US defense cooperation, but this is unlikely given Singapore’s need for a counterbalance to regional threats, including China’s assertiveness in the South China Sea that affects ASEAN.

Singapore has no claims but supports a rules-based order, implicitly aligning with US freedom-of-navigation operations against China’s claims. This stance, articulated in Singapore’s 2024 Foreign Policy Report, draws China’s ire, undermining perceptions of neutrality.

As an ASEAN linchpin, Singapore pushes for regional unity but ASEAN’s fractures—Cambodia and Laos cozy up to China, while the Philippines and Vietnam lean US—make neutrality a diplomatic minefield.

Singapore's real play is not neutrality, but power

Choosing neutrality would mean avoiding economic and security alignment with either side, but Singapore’s reliance on both markets forces pragmatic engagement.

Favoring one risks alienating the other, yet remaining aloof could marginalize Singapore in global trade networks.

Instead, Singapore pursues strategic autonomy—hedging bets, diversifying partners, and maximizing flexibility. This approach, allows Singapore to navigate the conflict without being fully subsumed by either side.

In 2023, Singapore's S$600 billion economy grew 1.2% despite tariff headwinds, proving its adaptability.

Singapore’s edge lies not in avoiding sides but in making itself so valuable that sides compete to win its favor.

That’s not neutrality — it’s power.

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Vivian Balakrishnan's Facebook blooper also bloop-bloop in 2015

Is the Facebook glitch in the System or the Man?

|2 min read
Vivian Balakrishnan's Facebook blooper also bloop-bloop in 2015

Back in 2015, during the General Election’s Cooling-Off Day — a sacred 24-hour no-campaigning zone— Vivian Balakrishnan’s Facebook page was caught posting.

The Elections Department (ELD) issued a stern reminder about the rules, and Vivian’s team chalked it up to a “technical bug” causing “recurrent auto-posting,” later confirmed by Facebook (Straits Times, 2015).

Most gave Vivian the benefit of the doubt but fast-forward a decade, and that “one-off” glitch is starting to look like a feature, not a bug.

Another "bug" bites

On March 13, 2025, Vivian’s official Facebook page “liked” a post by Calvin Cheng suggesting pro-Palestinian activists be shipped to Gaza with no return ticket — a diplomatic disaster in a single click.

The backlash was instant, with netizens and activist groups like Monday of Palestine Solidarity slamming it as tone-deaf, especially given Vivian’s parliamentary nods to Palestinian causes.

By April 2, Vivian denied liking the post, claiming “unauthorized activity” and reporting it to Meta for investigation.

One too many glitches

Vivian’s social media has gone off-script, and the “bug” excuse is wearing thin.

In 2015, we could shrug it off—social media was still a wild frontier, and bugs weren’t uncommon.

But in 2025, when Singaporeans are dodging phishing scams and securing their Singpass with 2FA, a minister’s verified account getting “hacked” or “bugged” raises red flags.

When a minister’s account keeps glitching, it erodes confidence.

If Vivian’s team can’t secure a Facebook page, how do we trust them with cybersecurity or foreign policy?

With GE2025 looming, Singaporeans want leaders who can keep up — on policy and on Facebook.

Anything less, and Vivian risks being debugged by the ballot box.

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WP do not have to worry about an opposition wipeout — they will win Aljunied & Hougang

By framing the election as an existential threat, Pritam aims to ensure WP supporters turn out in force, particularly in strongholds where voter turnout can make or break a result.

|3 min read
WP do not have to worry about an opposition wipeout — they will win Aljunied & Hougang

Workers' Party (WP) new face, Harpreet Singh, recently let slip that he doesn’t want to be “parachuted” into a “safe seat", according an interview with The Straits Times.

Harpreet's comment reveals the party’s belief in “safe seats” like Hougang and Aljunied, suggesting internal confidence in their electoral strongholds.

By admitting there are “safe seats,” Harpreet confirmed what many suspect: Hougang (WP’s turf since 1991) and Aljunied (theirs since 2011) are as close to a sure bet as it gets in Singapore’s PAP-dominated landscape.

In GE2020, WP held Hougang with 61.2% of the vote and Aljunied with 59.9%. These margins, while not overwhelming, reflect consistent voter loyalty in a political landscape dominated by the People’s Action Party (PAP), which won 83 of 93 seats in the last election.

Yet, WP leader Pritam Singh continues to warn of a potential “opposition wipeout,” as highlighted in a Channel News Asia report early this year.

Pritam's wipeout narrative

Pritam Singh’s emphasis on a potential wipeout, as articulated in his call for party unity, appears designed to galvanize supporters and prevent complacency.

By framing the election as an existential threat, Pritam aims to ensure WP supporters turn out in force, particularly in strongholds where voter turnout can make or break a result.

Yet, this narrative risks undermining the WP’s credibility.

Harpreet’s admission of safe seats suggests the party privately believes its core constituencies are secure. Publicly warning of a wipeout, then, could be perceived as disingenuous, especially by a discerning electorate.

If voters sense the WP is exaggerating risks to manipulate sentiment, trust in the party could erode—a dangerous prospect when authenticity is a currency in short supply.

It is also not helpful that Pritam himself was convicted for dishonesty.

Earlier this year, Pritam was convicted on two counts of lying under oath to a parliamentary committee. The case stemmed from his handling of former WP MP Raeesah Khan’s false statements in Parliament in 2021, where she fabricated a story about accompanying a sexual assault victim to a police station.

Playing the 'underdog' card

Pritam Singh isn’t daft. He’s a lawyer, an MP, and a guy who’s navigated Singapore’s political minefield for years. His wipeout narrative isn’t about doubting WP’s grip on Hougang or Aljunied—it’s about firing up the base.

In Singapore, where voter apathy can creep in, scaring supporters into showing up is Politics 101.

But there’s a flip side. Overplaying the underdog card risks crying wolf.

If WP’s seats are as safe as Harpreet implies, Pritam’s gloom-and-doom could erode trust.

Voters aren’t stupid—they see through spin.

And in a city where trust in institutions is high (78% of Singaporeans trust the government, per a 2023 Edelman survey), coming off as manipulative isn’t a great look.

Pritam’s banking on fear to mobilize, but he might be underestimating how savvy Singaporeans are.

With GE2025 around the corner, WP should ditch the drama and double down on policy.

Safe seats or not, elections are won by showing up for the heartlands, not by shouting “wipeout” from the rooftops.

In a nation of pragmatists, substance trumps spin every time.

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Fear-mongering over US tariffs necessary because S'poreans are complacent

Fear-mongering over U.S. tariffs is a PAP scare tactic, says PPP’s Goh Meng Seng. But it’s also necessary given Singaporeans’ complacency in thinking years of economic prosperity would not burst the island's utopian bubble.

|4 min read
Fear-mongering over US tariffs necessary because S'poreans are complacent

Singapore’s economy is heavily reliant on global trade, with exports accounting for a significant portion of its GDP (about 170%) — think electronics, shipping, manufacturing.

U.S. tariffs, even at 10% on Singapore’s exports, could disrupt supply chains. Growth forecasts? Down 1.5%.

If U.S.-China tariffs spike, China’s economy slows, and Singapore suffers. Fewer ships, quieter factories, jobs on the line. With living costs up 4%, families are already stretched.

PAP say "be worried"; PPP say "don't bluff"

Prime Minister Lawrence Wong has described the tariffs as marking a “seismic change” in the global order, signaling the end of rules-based globalization. Senior Minister Lee Hsien Loong echoed this, noting that Singapore can no longer rely on a stable global trading system, raising the risk of a recession.

People's Power Party chief Goh Meng Seng calls PM Wong's statement "fear-mongering". They call the PAP’s warnings “scare tactics” to spook voters into sticking with the safe bet.

Crises usually send Singaporeans running to the PAP, but Goh’s betting on change. Voters are livid about housing costs and stagnant wages—why obsess over tariffs when you can’t afford a flat?

PAP has historically benefited from a “flight to safety” during crises, where voters favor stability. However, according to Goh, this strategy may be less effective now, as voters are more polarized and focused on local issues like housing affordability.

PPP: US tariffs on Singapore is "ikan bilis"

The PPP’s claim that the government is overreacting could stem from the fact that Singapore’s 10% tariff is relatively low compared to others (e.g., 26% for India). They might argue that Singapore’s diversified trade partnerships (e.g., with ASEAN, EU, and Japan) and free trade agreements could cushion the blow.

But they miss the forest for the trees. Tariffs aren’t just about U.S. trade—they disrupt global flows.

A slowdown anywhere hits our ports, factories, and wallets. Brushing it off as “ikan bilis” is reckless, like ignoring a leak in a ship.

The PPP’s skepticism taps voter frustration, but it underestimates a real economic storm.

Additionally, some opposition figures may believe the government’s messaging exaggerates immediate risks to rally voters, when the full economic impact might take time to materialize.

COVID-19 measures were also an overreaction but look at where it got Singapore

PM Wong referenced the COVID-19 response, where early government action was criticized as overreach but later proved necessary. This suggests a pattern: proactive warnings about external risks (like tariffs) aim to prepare Singaporeans for tough times, even if the full impact isn’t immediate.

According to Goh, he said to "let the big boys (US and China) hash it out" - reiterating that the tariffs are temporary and for Singapore to focus on domestic issues.

Goh rightly highlights domestic pain—housing and jobs are urgent—but dismissing tariffs ignores how global shocks amplify local struggles.

Some analysts argue that Singapore’s agile economy and government interventions (e.g., support for SMEs) could mitigate damage. The PPP might be banking on this resilience -- an irony seeing that PAP's policies created this resilience - to argue that panic is premature.

Election noise means opinions from political parties need to be taken with a grain of salt

With the General Election (GE2025) set for May 3, opposition parties are differentiating themselves by challenging the PAP’s narrative. Calling out “fear-mongering” appeals to voters frustrated with the PAP’s dominance. The PPP’s critique is partly electoral posturing.

Conversely, the PAP’s emphasis on unity and preparedness could be seen as leveraging the crisis to bolster its campaign.

However, dismissing the tariff threat as “fear-mongering” overlooks the broader economic stakes that affect the livelihood of all Singaporeans, and is nothing short of myopic.