SINGAPORE: Minister Mentor Lee Kuan Yew says that the government
will ensure that Singaporeans' assets will increase in value as the
country grows.
And one way is to offer main upgrading or lift upgrading programmes
to residents to enhance the value of their flats.
Speaking the launch of the lift upgrading programme at the
Spottiswoode Park precinct, Mr Lee urged the residents to vote in
favour of the programme, or miss their chance to enhance their
assets while the economy is good.
Mr Lee said, "We cannot repeat what we did in the 1970, 80s and 90s
when we had a good growing economy, and budget surpluses every
year. Now with ageing pop, going up, the costs of health and the
other problems with an ageing pop and not enough workers, the
budget, revenue and expenditure is a lot less and that includes the
money we save and put aside over $100 billion over 3 decades, the
interest from that we are losing every year."
"If you miss this chance, it will not come round again for many
years, then you are not only inconveniencing all those old people
who need to stop on every floor, but this may not come back for a
very long time because the budget is getting tighter and tighter
every year as the demand for the budget increase every year. For
those who are not staying in this block and have let them out,
don't be short sighted, don't be penny wise, you'll miss this
chance of your asset, your property increasing in price so I urge
you to mobilise all your friends who had let out their flat, get
them back and vote for there's not any other government is doing
this, the Singapore government does it, because we are special and
we want to make our citizens feel that they are owners of the
place," added Mr Lee. - CNA
