Property prices will soon be halved
Sinkies can look forward to lower property prices if the reasoning of some quarters can be implemented into govt policies. They have started with commercial properties by halving the length of the lease. And those needing to buy or rent such properties will now be so happy as the properties will now be so affordable, at half price. Sure what, 60 years to 30 year lease, everything goes half.
There are several ways to make property prices even cheaper substantially. One way of course is the size. If Sinkies are content to live in a 350 sq ft flat instead of a 700 sq ft flat, the price can be halved. Very affordable and within the reach of many not so rich Sinkies.
Another way to half the price is to half the lease. Instead of 99 years, make it 49 years. Sinkies will be in glee, and screaming, cheap, cheap, cheap. They will go crazy if the lease is shortened to 30 years and the price be reduced to 1/3. The Sinkies will be shocked into disbelief. What, a 5 rm flat now cost $200k instead of $600k? Unbelieveable, but good, good, very good. Cool man.
I think if the govt does this change, the Sinkies will be so grateful and will definitely re elect them in 2016. This is a new version of Ah Q mentality. It is Sinkie mentality and thinking process, thinking and seeing not further than the tip of the nose. They cannot count, cannot know the real difference. They only see the final figure and will be convinced that they are getting a good deal.
Actually if a 5 rm flat is shrunk from 1000 sq ft to 500 sq ft and the lease shortened to 30 years, it can even be sold at $100k. (600k/2 and divide by 1/3). Wow, so affordable! So good, so cheap. Govt so good. At such prices I think you can even build nursing homes or hospices beside them and they could move off the shelf before the hand is removed.