Buoyant property prices a sign of rising wealth

[Maximilian Chua-Heng]

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

 

[kukubird58]

hahaha...this guy is a typical peasant trying to be smart.
He thought that the buoyant property prices is due to economy doing well because of papee.
He don't know that it is actually due to US printing trillions of dollars notes that had to be used somehow and somewhere.

 

[po2wq]

wat n idiot! ... :o

 

[flkyflky]

WRONG! GREED NOT EQUAL TO WEALTH.

Sign of Greed Mistaken as Wealth. Only a bubble and no practical physical value.

Same myth as PAP's Salary, which wrongly equated Bribe By Salary to Un-Corrupt. LEEgitimized Corruption is the WORST FORM of all CORRUPTION.

What LKY & PAP is trying to claim is their worst form of corruption was clean.:oIo:

 

[Equalisation]

i think ah ching is simply out of his mind or completely idiotic to say the least !!

 

[hockbeng]

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

1. Its inflation that created the high prices. First we have usa printing $$$$ that went to china and then found its way to spore.

2. Next we will have europe doing the same.

3. On the surface, it seems to have saved lots of jobs and wealth but it has secretly destroyed the pruchasing power of our salary/cpf/insurance payouts/and whoever is surviving on fixed incomes.

 

[streetsmart73]

wat n idiot! ... :o

hi there

1. aiyoh!
2. this is more than an idiot.
3. some boot-licking sheep that write through his arse.

 

[IceLemonT]

May be this is writen by a student. School holiday mah.