https://new.qq.com/omn/20210412/20210412A03I5U00.html
Sorry for those who cannot read Chinese but in short, COVID has made 158,700 PR leave our shores and a few FTs have shared that they got their PR within 3-5 months of application. It's funny how a foreign article can clearly breakdown the number of PRs and Citizens versus FTs while our SG gov cannot; although the data was from 2018.
With that many PR gone, you would think property and rent should go down but it didn't. Why? Because price are controlled/ determined by property agents and developers. The additional ABSD taxes will only penalise buyers, won't change a thing on property price.
Sorry for those who cannot read Chinese but in short, COVID has made 158,700 PR leave our shores and a few FTs have shared that they got their PR within 3-5 months of application. It's funny how a foreign article can clearly breakdown the number of PRs and Citizens versus FTs while our SG gov cannot; although the data was from 2018.
With that many PR gone, you would think property and rent should go down but it didn't. Why? Because price are controlled/ determined by property agents and developers. The additional ABSD taxes will only penalise buyers, won't change a thing on property price.
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