Three ways to discourage property speculation

makapaaa

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<TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR>Three ways to discourage property speculation
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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->THE following are my suggestions to discourage residential property speculation:
- Impose a high stamp duty on property flipping: for example, 20 per cent within a year and 15 per cent within two years.
- Remove property tax exemption for unoccupied properties. Land banking and property squatting are economic waste.
- Impose capital gains tax on profit realised from investment property.
Demand for return and demand for dwelling are very different objectives. Hot money will find a better place to go in a jiffy when the situation changes, and Singaporeans will bear the burden of hugely inflated home prices. Singapore needs to fix this vulnerability.
Chua Yeow Chong



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Chua's suggestion is to fatten the government through more tax revenue. Why not just introduce more HDB flats and reduce population intakes?
 
ah chong ...

ze world's bestest paid gahmen welcum any suggestion dat can make their pay fatter ... n @ ur expense, as much as possible ...
 
Property speculation is good , means people have money to make money and for money to come back !

WTF they doing now !
 
this sounds practical and logical but PAP baboons will not do the right thing for locals ?
Chua's suggestion is to fatten the government through more tax revenue. Why not just introduce more HDB flats and reduce population intakes?
 

Chua must be a civil servant making sure the iron rice bowl stay iron and not a clay bowl .

Chua is upgrading his IRON bowl to a TATINIUM one...what IRON?;) if Chua is an 'evil servant'..oppe Civil servant..
 
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