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5-room HDB flat at Marsiling Lane going for $6.6m!!!!!
- Thread starter OYK
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- Apr 14, 2011
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Golden era for sinkies!
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- Dec 6, 2018
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MAJULAH. PAP has your back...side.
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- Oct 15, 2023
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While S'pore is often celebrated as a global bastion of free-market capitalism, bolstered by rising foreign direct investment reaching US$159.6 billion in 2023, our property sector tells a different story. In reality, the SG govt exerts a near-monopoly over land. This is rooted in the 1966 Land Acquisition Act, which empowered the govt to seize private land at sub-market rates. By amassing roughly 1/3 of the island’s landmass in just a relatively short time, the PAP gained the power to bypass market competition. Today, by rationing land through the Govt Land Sales (GLS) programme, the state effectively maintains a scarcity-driven price model instead of a truly competitive one.
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