New landed property laws protect rich against rising prices. What about us?

[Confuseous]

Singapore Elites unable to compete

Shanmugam further stated, "After the further tightening up, I suspect we are looking at very few people who would qualify......"
There are already massive barriers against foreigners resulting to merely 3.5% of landed property ownership. Feeling the heat recently, PAP wanted to place more restriction, never mind PAP's perpetual mantra that one has to "work harder, be a talent" to earn more monies in order to enjoy the material comfort.

Clowns like Mah Bow Tan likes to use demand and supply economics theory to justified property hike. But they are not so stupid to believe in their own lies. They would rather have landed property priced lower so that their children can afford a lawn and a dog kernel.

The restriction places a limit on demand, keeping landed property price much lower than their potential value, effectively subsidizing our elites. So instead, our elites are enjoying the socialist policy.

- http://veritas-lux.blogspot.com/2011/10/on-buying-house-elites-are-protected.html

 

[red amoeba]

the crux of the problem lies with making public housing affordable & available.

nevermind the private housings - if you want to buy a flashy condo, u pay the mkt price...no two coins abt it. But public housing shld be made affordable just so everybody can have a roof over their heads ...if they want to upgrade n pay the market price for private housing, so be it.

 

[johnny333]

Must wait for the last leaf to fall. Then there will be a property at Oxely for sale.

For years properties in that area has been depressed because no one wanted to live near the old fart. When he goes, that place will be a gold mine.

 

[red amoeba]

Must wait for the last leaf to fall. Then there will be a property at Oxely for sale.

For years properties in that area has been depressed because no one wanted to live near the old fart. When he goes, that place will be a gold mine.

yes...my fren staying there in an old condo...now waiting gleefully for the day the enbloc mtg will be held...he is sitting on a windfall...good for him.