What are you guys complaining about?
Dec 20, 2010
Buoyant property prices a sign of rising wealth
THOSE who complain about the spike in housing prices seem to have missed the point: We are in this situation precisely because the Government got us out of the recent financial crisis at such a quick pace with prudent policies.
Many Singaporeans' jobs, and thus their household incomes, were saved because of swift measures, particularly the Jobs Credit scheme which had a lasting and direct impact, allowing the vast majority to continue servicing their housing loans.
With a home ownership rate close to 90 per cent in Singapore, shouldn't Singaporeans in general be happy about rising property values? Since this Government was elected in 2006, property prices and the general wealth of Singaporeans have gone up greatly. Credit should be given where it is due.
Let us also not forget that property prices will continue to rise as long as buyers accept such prices. Even after the slew of measures and assurances from the Government, we see many snapping up shoebox units for hefty prices in outlying areas.
Benjamin Ching
Dec 20, 2010
Buoyant property prices a sign of rising wealth
THOSE who complain about the spike in housing prices seem to have missed the point: We are in this situation precisely because the Government got us out of the recent financial crisis at such a quick pace with prudent policies.
Many Singaporeans' jobs, and thus their household incomes, were saved because of swift measures, particularly the Jobs Credit scheme which had a lasting and direct impact, allowing the vast majority to continue servicing their housing loans.
With a home ownership rate close to 90 per cent in Singapore, shouldn't Singaporeans in general be happy about rising property values? Since this Government was elected in 2006, property prices and the general wealth of Singaporeans have gone up greatly. Credit should be given where it is due.
Let us also not forget that property prices will continue to rise as long as buyers accept such prices. Even after the slew of measures and assurances from the Government, we see many snapping up shoebox units for hefty prices in outlying areas.
Benjamin Ching