Singapore Elites unable to compete
Shanmugam further stated, "After the further tightening up, I suspect we are looking at very few people who would qualify......"
There are already massive barriers against foreigners resulting to merely 3.5% of landed property ownership. Feeling the heat recently, PAP wanted to place more restriction, never mind PAP's perpetual mantra that one has to "work harder, be a talent" to earn more monies in order to enjoy the material comfort.
Clowns like Mah Bow Tan likes to use demand and supply economics theory to justified property hike. But they are not so stupid to believe in their own lies. They would rather have landed property priced lower so that their children can afford a lawn and a dog kernel.
The restriction places a limit on demand, keeping landed property price much lower than their potential value, effectively subsidizing our elites. So instead, our elites are enjoying the socialist policy.
- http://veritas-lux.blogspot.com/2011/10/on-buying-house-elites-are-protected.html
Shanmugam further stated, "After the further tightening up, I suspect we are looking at very few people who would qualify......"
There are already massive barriers against foreigners resulting to merely 3.5% of landed property ownership. Feeling the heat recently, PAP wanted to place more restriction, never mind PAP's perpetual mantra that one has to "work harder, be a talent" to earn more monies in order to enjoy the material comfort.
Clowns like Mah Bow Tan likes to use demand and supply economics theory to justified property hike. But they are not so stupid to believe in their own lies. They would rather have landed property priced lower so that their children can afford a lawn and a dog kernel.
The restriction places a limit on demand, keeping landed property price much lower than their potential value, effectively subsidizing our elites. So instead, our elites are enjoying the socialist policy.
- http://veritas-lux.blogspot.com/2011/10/on-buying-house-elites-are-protected.html