The property developers are crying foul. The cooling measures must be
lifted. To them, property prices must go one way, up and up. And the
only thing good about the property investment game is to let property
price to go as high as it possibly could. I fully agree with this kind
of thinking if I am a property developer or property churning investor.
It makes good sense, and very good profit when property prices shoot to
the sky.
As a govt, there are other considerations and the interests of the
people, the rich and the poor, at stake. A govt cannot allow property
prices to run crazy except those who have a vested interest to want it
so. There were some missteps by the govt by allowing property prices to
spiral out of control and causing a lost of hardship, and an extremely
high price system that is no longer sustainable. The property prices are
way too high against the income of the average citizens and are eating
away their income.
Fortunately the govt is having second thought in spite of the pressure
from the property developers. If the property developers are allowed to
set the agenda, the rich of the world and property speculators would all
be here to buy up everything and we just don’t have enough properties
to sell to them. They could literally buy up the whole island in a
laissez faire, anything goes system.
We are just too small to play the property investment game in the world
market. The govt must review its policies on the property market and
come out with a clear policy direction it wants to take. Unless it can
create a dual market where the citizens can be protected from the
world’s super rich, to be able to afford properties within their means
and not priced out of reach, allowing a free and unrestrained property
market will create a very grave situation for the average citizens.
The govt may want to introduce more cooling measures instead, to keep
properties at a sustainable level for the citizens and not to allow
cheap money to create havoc to the lives of its citizens. We may have
reached a saturation point in the amount of properties we can afford to
sell to the speculators and investors of the world. To bring in the
speculators of the world into this island is sheer madness and
irresponsible.
The property developers must not be allowed to call the shot on how the
property market should develop. Their only concern is profit and do not
have to bother about the lives of the citizens and how an uncontrolled
property market could make life unbearable and unaffordable to the
ordinary citizens. They don’t have to care.
They should go and compete in the world market, develop their properties
all over the world in the same way Singaporeans are told to go
overseas. The sheer size of our population will create a squeeze that
will be unbearable if the property market is as open as our immigration
policies. The average citizens will be screwed real hard and skewered by
the property developers and speculators. This simply cannot be allowed.
Kopi Level - Green
11 comments:
The property guy kpkb because he said the cooling measures are driving away foreign investors who no longer view Sin as the investment designation.
In other words crooks cannot park their ill gotten gain and watch it grow here.
I cannot help but feel that it is just wayang to show that the G are not in cahoot with the developer.
I will believe that the MIW are working for the people if they would just declare their assets in their name and that of their family.
Foreigners who buy the private properties can only resell it to citizens. As for PRs who purchase HDB flats, once they renounce their PRs they must sell it back to HDB at their purchase price. Why do govt allow these people with no commitment to Spore abuse/profit from the system. This could perhaps be one of many ways to arrest the escalating prices/speculation by foreigners/Prs to profit at the expense of its citizens not to mention bubble creation. Developers it seems are trying influence govt decisions by painting negative investment outlook. Do we need foreign investment in property speculation with tax income as its only gain? BTW can a PR be a PR forever with no time limitation to convert to citizenship?
Because it is such a scarce resource, property will always be "hot" in Singapore. Even with cooling measures, the "property game" is still being played. Prices have pulled back -- but only to levels a year or two ago. It's not as if the bottom fell out, and people are being foreclosed left right and center.
IMO, the local market is still not "cheap".
However there'll be "bargains" very soon in the China property market. Many developers are being carried off dead on their shields having "lost a lot of fucking money" borrowing and building, building and borrowing, and building and borrowing...ad infinitum. And the banks won't extend them any more credit, and are themselves bracing for HUGE LOSSES from bad loans.
So yeah. Singaporeans like to gamble. Maybe some will take on the China market?
Singaporeans have already been busy buying under-priced and unloved London property. So to move into China (if they haven't already) will be no surprise, at least to me.
Who knows? Singaporean can? Most definitely CAN!!
Matilar, u die die must post your nonsense everyday. Why don't u make yourself useful by writing your books? Knn, why waste other people's time daily. I will help the book poster to come up with additional topics or subjects for u to write but in the mean time, go write book 16 by using the humor style of writing please.
1) how to boast about sexual power when both tiny are missing
2) the art of incest
3) the guide on how to bull shits
4) how to irritate people and waste their time daily
5) learning to be thick skin and flameproof
6) how to tahan when your ass kena fucked
7) how to act as patriot when you are a traitor
8) how to act and look normal when you are actually insane
9) learning to speak when a cock is stuck in your mouth
10) how to con your sisters and daughters to continue having sex with you without reporting to the police.
11) How to develop multi tasking skill. Sharing of secret on Learning how to type on keyboard posting commentary on blog when there is a hard cock pushing in and out in matilar mouth.
12) How to cook two tiny to be delicious enough that the pigs would eat them.
13) How to brag about your intelligence when you have none and how to tahan when both mouth and ass kena screwed at the same time.
14) How to inflate two flat tyres when the holes in the tires have not been mended!
15) How to boast to women you have a rolls Royce when you only have a Mini Cooper with four flat tires and running out of petrol!
16) The matilar secret. How do you stick your little pecker into a donkey's mouth and don't ended up the donkey chew off your little pecker and two tiny.
17) The matilar way. how to satisfy your lust with minimal outlay.keep a little pig, pull all it's teeth and enjoy oral sex each day till the pig grows then sell it to slaughter house as food to make money.
When the developers are not happy, the real buyers are happy. Making developers not happy is better than making buyers not happy because developers are the minority.
Rich people with several properties also not happy leh.
I concur.
patriot
Talk & talk & talk.
Fark lah.
Can't wait till GE 2016 to vote Opposition again.
What is your goal July 02, 2014 12:41 pm. I want to understand. Really I do. Can you please share with me what really is your goal?
Please come back to me.
Darkness 2014
hi Mr redbean,
By not relaxing the current cooling measures, the govt create another group of victims. Currently, there are thousands of seller stuck with their property which HDB says they must sell in 6 months if they aqcuire another property. Many of them are paying instalment and conservancy on both of their flat. Some are waiting for their CPF to come in from the old flat to pay for their new BTO.Lets not forget about these people who are not speculator aiming to make profit.
when a country has 80% expensive public housing that means the gov can screw the population upside down, left to right. the people voted for this gov.
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