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Ruler Loong wants 48 full moons to stablise leasehold pigeonholes' prices

mscitw

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Ruler Loong claims well paid Housing Mafia minion Penang Laksa Khaw will stablise pigeonhole housing crunch within 48 full moons. He told silly peasants they need not worry that their peasant children will be without leased pigeonholes because his lackeys are building same number of pigeonholes for a new town. Ruler Loong made those claims in a meet the stupid peasants town hall event at Keburn Bahru. It is puzzling that Penang Laksa collects millions in stipends but wants 48 full moons timeframe to stablise pigeonholes crunch. He ought to cook more Laksa to fool more peasants.

Stupid peasants should question why the previous Housing Minion, Marboro made merry and sprout affordable lies when he crimp new pigeonhole supplies to boost the demand and justify the $500k price tags? Marboro was replaying the role of Emperor Nero, partying while peasants are unable to secure new pigenholes or saddled with ruinous housing loans. Therefore Marboro is truly another scum of the earth that deserves to be roasted by Greek fire. Marboro, based on his last stipends could easily buy one pigeonhole within 6 months while peasants take average of 22 years to repay their ruinous 99 leasehold pigeonhole loans. Small wonder Marboro says pigeonholes are affordable ... if you earn 20k peanuts monthly. Please remember that Marboro do not want peasants to know that his pigeonholes only cost 150k but are resold at 500k a piece. Such profits will have Li Kashing drooling till eternity.

Why should peasants endure a 100% increase in 99-year leasehold pigeonholes while their pay stagnated with increased foreign competitions? In addition, Ruler Loong did not apologise for the bloated population policy oversight that caused pigeonhole shortages and resulting sky high prices. The liberal housing policies allowed richer peasants and foreign buyers bid sky high prices for condos that cause inbalances in the markets when private condo sellers downgrade en-mass and purchase pigeonholes, jacking prices up north. The rich peasants made tons of cash offloading their private properties to rich foreigners and tons of expat talents enjoyed sweetheart stipends in the 'Foreign is good' labour policy? These groups are the main beneficiaries of the property scam while local lesser peasants suffer the blunt of the bloated prices.

With such injustice and incompetence, it is justified to see Ruler Loong resign from his inherited rulership.
 
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Spiky

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The S'pore property market is an inside job.

It takes '48 full moons' because that is the estimated time for them to unload their private property holdings before engineering a downward property market.
And it is perfectly legal. Singapore is so small and open. If they want it up, it will go up. If they want it down, it will go down. To make money speculating in property
in Singapore, you just need friends in very very high places.

All fundamentals are just 'stories' to justify the market moves. All the fundamentals reasons are just for the well-heeled to debate and discuss at cocktail parties.
So, don't be conned into believing what you read from bank analysts' reports.
 

LeMans2011

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It is amazing rulers do not feel embarassed coming up with such an answer. Imagine if your investor pumped 10m into a venture and you tell them, it takes 4 years before you see the first return.

Is it a coincidence that a "stabilising" housing market is planned to happen 2 years before election? If they plan it well enough, they could even please the rebellious generation right before the next election.
 

mscitw

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Loyal
Ruler Loong may as well concede that the pigeonhole crunch will be resolved just after the next procedural elections?!

Ruler Loong is indeed a fiend who tolerated Marboro's silly schemes to bloat state coffers and condemn peasants to serfs toiling for local and foreign merchants.

In reality, many stupid peasants did not realise pigeonholes are 99 leasehold, they are not truly homes or property but clever anglo-saxon constructs adopted by the regime to fleece peasants. Gecko Kwa realised the game early and secured numerous properties for her descendants using Baba Emperor's influence. Numerous property merchants are thinking of ways to please her e.g. HPL Scandal.

Only in peasantpore, a silly sham republic drunk with the sins of dynasty politics.
 
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