limhngkiangwillaouncethedetailsoftheseinitiativeslater.
anothergrowinggroupofsingaporeawhorequiresomeattentionarethesingles.oneoftheirmainconcerishousing.hdbwillnowallowthoseaged35andabovetopurchaseresale3-roomflatsinurbanestates.hdbisalsocoideringstudioapartments,earlierconceivedforelderlysingaporea,asanotherhousingoptionforsingles.
cpftop-up
atlastyear''srally,iaouncedacpftop-upofbetween$500and$1,700foreacheligiblesingaporean,tobegivenoutintwoequalpayments.thefirstpaymentwasgiveninjanuarythisyear.wewillmakethesecondpaymentindecember.
iwastoldthat187,000eligiblesingaporeamiedoutonthefirstpayment.thisisapity.
iwanttogivethesesingaporeaasecondchancetoqualify.iftheycontributetheminimum$100tothecpfby31october,wewillgivethemboththefirstandsecondpaymentsforthecpftop-up.
"newsingapore"shares
iwouldalsoliketointroduceanewschemetohelpeeciallylewell-offsingaporea.iintendtogiveyoushareswhichpayaguaranteeddividendforafixednumberofyears,plusbonuspaymentswhentheeconomydoeswell.
theseshareswillalsoberedeemableimmediatelyforcash,butnotallatonce.
iwillcallthisscheme"newsingapore"shares.
iknowyouarewaitingtohearhowmuchyouwillbegiven,butpleasebepatient.howmuchtowhom,andwhen,willdependonthestateoftheeconomythisyear.iwanttoseethethirdquarterresultsbeforeidecide.
conclusion
forourgrowthstrategyandsocialcompacttobeeffective,singaporemustbecohesiveasanation.
asglobalisationinteifies,thiswillbecomeevenmorecritical.moreandmoresingaporeawillgooverseastostudy,workanddobusine.wewelcomethis,butwemustalsofindwaystokeeptheirheartshere,sothatwhereve