Ho Ching rebukes netizen's HDB ownership statement: 'Don’t spin cock & bull about HDB land should be free... excuse not to pay taxes' - Singapore News

After a netizen, Ms Serene Ho attributed a remark to Madam Ho Ching, former Temasek CEO and wife of Prime Minister Lee Hsien Loong, Mdm Ho Ching then wrote, “It’s fine if you have a different opinion, but it is not honest to put words into someone else’s mouth, ya?”

On Wednesday , Ms Serene Ho wrote, “Ho Ching said that we do not own our HDB flats and we are merely paying rent upfront for long term leases. So why are we paying property taxes for flats we do not own?”buying an HDB flat with lump sum payment is like paying rent without inflation for decadesSince then, there has been an exchange of opinions between Mdm Ho Ching and the netizen, Ms Serene Ho.

Mdm Ho Ching proceeded to write an analogy about HDB flats as rental schemes, comparing owning such a flat to owning an apple and the number of things a person can do with an apple.“Don’t spin cock and bull about land for HDB should be free so that buyers can enjoy a bigger windfall than they already have.Taxes are a duty for everyone, to fund and support common essential services for the common good.

“I was merely trying to point out that your suggestion to regard the flat purchase price as long term upfront rental is too simplistic and misleading. Most cannot afford to cough out this one time upfront payment and will need to pay interest for loans they take. Additionally, the ‘discount’ rent rate they pay will only apply if they retain the flat for the entire tenure of the land.hey dispose of the flat earlier the ‘rent’ changes depending on how soon the flat was sold off.

yeap we pae indirect tax..soe u kan used as monopolee marnee$? right?

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