saikongseng and his 30k gold taels

latest happening in the martial arts in local politics. saikongseng the chiefy of NSP clan was donating his profit of 30k gold taels to his clan after selling his pigeonhole. his aim was to provide the monetary ammunition in preparation to fight the leegime in the coming GE which was a contest to win and rule over some provinces.

Jul 10, 2010

Funds for NSP, thanks to flat sale

By Andrea Ong

AN OPPOSITION party chief has sold his HDB flat and says he will give part of the sales proceeds to his party for the next general election.
Mr Goh Meng Seng, secretary-general of the National Solidarity Party (NSP), says he will donate about $20,000 to $30,000 to NSP, to help especially its younger members contest the elections that are due by February 2012.
The 50-year-old businessman declined to disclose the sale price of his four-room flat in Serangoon North. 'But there will hardly be much left after deducting my donation, what I have to pay back into my CPF account and interest payments,' he said.
According to the HDB's website, the resale price of such flats in his neighbourhood for the past five months has been between $330,000 and $384,000.
Mr Goh says his wife supports his decision. She works in Hong Kong, where she lives with their seven-year-old daughter.
He will move in with his 81-year-old mother and sister at their four-room flat in Ang Mo Kio, he said.
Explaining his donation to NSP, Mr Goh said: 'I have to lead by example.'
Citing opposition leaders such as NSP president Sebastian Teo and Workers' Party chief Low Thia Khiang, he said both have dipped into their pockets to pay for election expenses of their parties' candidates. He estimates each candidate will need to spend $10,000 on campaigning, on top of the election deposit which was $13,500 in the 2006 election.
His party's funds are not enough to pay these costs, he said. Half of the funds are contributed by its 17-member central executive council and the rest comes from the sale of its newsletter, published twice a year. Most of it is used to pay the monthly rent of about $1,000 for NSP's headquarters in Jalan Besar, he said.
The party was in the news recently when its vice-president Christopher Neo received a summons for illegal hawking of its newsletter. The party has asked the National Environment Agency for a meeting to resolve the matter, he said.
Mr Goh says he plans to contest in Tampines GRC and, if he wins, he will buy a flat there. 'I want to be a full-time MP and be close to the ground,' he said.