Daily Briefing: Don’t always believe property news; SMRT’s high payouts in the spotlight

And don’t ignore hybrid car rebates.

Did you notice when you flipped the newspapers in 2012 and 2013, all the articles on properties had headlines with keywords like“the next hotspot”, “property boom continues”, “robust sales in projects” and “achieved record high”? Read more here.
The clear conflict of interest in this situation is that while public transport is a public good that should be make available to all for a fee as low as possible, while giving good efficient services (or as Lim Swee Say likes to put it, cheap and good), SMRT, being being a profit maximising entity, is aiming for the exact opposite, which is to either try increase price and hence revenue, or by saving money by reducing the amount of investments make to improve services. Find out more here.
There’s probably going to be a special place in hell for the person who thought of a thousand and one methods to control car usage in Singapore. COE, road tax, season parking, the list goes on. However, there is one particular decision that we might give them chance for. Read more here.

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