Someone asked whether PRC drivers are treated fairly, how about this?

[ginfreely]

"Fair or not? HDB flat owners are allowed to keep their flats when they buy private property but not vice versa.

Why are HDB owners allowed to own private property?

Property prices remain high in spite of all the recent cooling measures introduced. I wish to share some observations on two cooling measures.
One measure bars private property owners from buying HDB flat unless they sell off their private property.

However HDB flat owners are permitted to buy private property. While the intentions are good, there has been an unintended consequence in that it has divided Singaporeans into two groups (i.e. HDB flat owners and private property owners). This is not justice and equality as stated in our national pledge. I hope the government will review and amend this cooling measure.
Second, the additional stamp duty on foreigners was intended to help curb rising property prices. However, the effect of this policy is diluted because some property developers are now absorbing the stamp duties. Further, these developers lodge the caveat of the unit at its listed price with URA, giving the impression that the listed price was the sale price. This is misleading the public.

I would also like to suggest a few more measures that could help cool the rising property prices:
-- Consider not allowing PRs to buy resale HDB and EC. After all, the government’s aim of Public Housing is to provide affordable housing for all Singaporeans. Those PR who own HDB flats must sell them off when they leave Singapore.
-- Consider not converting EC into private condo after 10 years. EC is Public Housing meant for the sandwich class and it should remain as such.
-- Consider limiting the number of private condo units that can sold to foreigners, hedge funds foreign companies and PR.

Tan Teck Kwong, 72
Retiree"

Source: yahoo news

 

[tualingong]

can meh?

hdb flat owners cannot buy private properties oberseas.

but can buy private properties in sg meh?

if hdb owners got money to buy private properties. why do they still stay in subsidized housings?

but another question. are half a million hdb really subsidized?

it is really no brainer.

 

[itchy]

Why HDB owners cannot own private property? The issue here is that HDB prices are close to private property prices, so where is the subsidy, and all the restrictions without the price attractiveness. So, HDB owners are like private property owners when it comes to pricing but when it comes to quality of dwelling, the difference is there.

 

[ginfreely]

can meh?

hdb flat owners cannot buy private properties oberseas.

but can buy private properties in sg meh?

if hdb owners got money to buy private properties. why do they still stay in subsidized housings?

but another question. are half a million hdb really subsidized?

it is really no brainer.

Can, I think HDB owners after 5 year MOP can buy private or overseas properties already.

 

[ginfreely]

Why HDB owners cannot own private property? The issue here is that HDB prices are close to private property prices, so where is the subsidy, and all the restrictions without the price attractiveness. So, HDB owners are like private property owners when it comes to pricing but when it comes to quality of dwelling, the difference is there.

The fair or not issue here is not so much why HDB owners can own private property but rather why not vice versa i.e private owner can also buy HDB, afterall the second property is definitely for investment, be it HDB or private property.

It is irony that Singaporeans are not even fairly treated in own land, when we are overseas like Malaysia we are subjected to restrictions in employment, buying house, etc, the big question is why must foreigners in SG be fairly treated - same pay, same right, same everything??