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Once again, I am in the minority of Singaporeans
- Thread starter ginfreely
- Start date
Published15 NOVEMBER, 2018
SINGAPORE — If the Government had not stepped in with measures in July to cool the property market such that there are now signs of moderation, property prices would have surged ahead, possibly going up by 10 to 15 per cent, National Development Minister Lawrence Wong said.
Explaining the rationale behind the cooling measures on Thursday (Nov 15) at an industry anniversary dinner organised by the Real Estate Developers’ Association of Singapore (Redas), Mr Wong stressed that the Government cannot take its eyes off the property market.
“Let me be very clear. The Government cannot and will not take a hands-off attitude to the property cycle. So there should not be any surprise when we intervene in the market.”
While Mr Wong recognised that some developers might disagree, preferring a “complete laissez faire situation” of letting “the market run its own course”, he reminded the audience that the Government’s perspective is that intervention is necessary to prevent property bubbles from forming and to achieve a stable property market, in order to benefit the majority of Singaporeans in the long term.
SINGAPORE — If the Government had not stepped in with measures in July to cool the property market such that there are now signs of moderation, property prices would have surged ahead, possibly going up by 10 to 15 per cent, National Development Minister Lawrence Wong said.
Explaining the rationale behind the cooling measures on Thursday (Nov 15) at an industry anniversary dinner organised by the Real Estate Developers’ Association of Singapore (Redas), Mr Wong stressed that the Government cannot take its eyes off the property market.
“Let me be very clear. The Government cannot and will not take a hands-off attitude to the property cycle. So there should not be any surprise when we intervene in the market.”
While Mr Wong recognised that some developers might disagree, preferring a “complete laissez faire situation” of letting “the market run its own course”, he reminded the audience that the Government’s perspective is that intervention is necessary to prevent property bubbles from forming and to achieve a stable property market, in order to benefit the majority of Singaporeans in the long term.
Manipulate the market to benefit the majority. So noble why don’t just turn communist?
lu puki
Pui is your ccb Malaysian family
Seriously why don’t pap just turn communist and assign a hdb flat to me?
lu puki berbau
Seriously I pay tax so many years for WHAT?
I am not you ccb Malaysians and I don’t understand what shit you talking. Anyway shame on you ccb Malaysians bullying good Singaporean woman.
But that is a real contradictory statement,,,,because the pap has always wanted property prices to keep on increasing,,,as they say, the skies the limit
I share @glockman views on cows, ccb Malaysians are the same. The only good ones are the dead ones indeed as I have met ZERO good Malaysians. Only thieves slanderers harassers todate. Shame on you ccb Malaysians!
it means your cb very smelly under minority Singaporean
Obviously they are worried after what happened to Najib for them to clamp down a market that is just recovering and no overheating.
Pap copying Parkatan that’s now all about listening to the voice of the people and hdb sinkies are always complaining on private property prices.
It means your ccb Malaysian ccb mouth is very smelly and you are best example of the only good Malaysians are the dead ones.
But wont that piss off existing property buyers...no point buying property if it does not continue increasing in value....and Singkieland is a very small market...demand will always outstrip supply
Obviously pap did the maths and know 80% or 90% hdb sinkies’ votes matter more to them. It has been like that all this while, for many years private property area got no upgrading until hdb upgrading mostly done.
If that is the case, all HDB should go enbloc and Lawrence Wong was an idiot to deny it. But alot of countries,,,China, HK etc, most flats are lease hold. In ah tiong land,,,flats are 60 years only and after that its yr problem,,the ah tiongs accept it. And I am starting to think alot of singkies are also accepting of 99 years and that is it,,,however the ones who are not happy are those that bought the 1 million bucks HDB etc,,they are the ones who will KPKB unless they have accepted the fact that soon it will be Zero value
They would have done so if they have the money for it. Obviously it’s too costly to en bloc all hdbs.
no-one dare to do business with you puki berbau you should just stay in your jb whore house and rot.
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