Allow PRs to buy landed properties? Instant 'huat ah' for Singaporeans

 

Indian PR:

May 16, 2021 at 12:40 pm  (Quote)

My family lives in Sg for many years.
Yet,I am not allowed to buy FREEHOLD LANDED PROPERTY.

This is strange and I don’t understand the reason.

We live like singaporeans.
Go to hawkers,my kids go to neighbourhood schools and we do our part for our local community like helping out in neighbourhood events and charities.

You see,we are normal people,ordinary working class who work hard and save some money.
We intend to let our kids go and serve NS as they take Sg as their motherland.
Reason we want to buy Landed house is we want to live as one big family after our kids get married,at least till their own kids grow older....

So,I still waiting for opportunities.
Hope I don’t miss my chance before rich foreigners snap these freehold houses up.

This is a comment posted in TRE.

If Singapore wants property prices to go sky high, it should relax the rulings against PRs buying landed properties. I can guarantee landed property prices would shoot to the sky. The prices of small landed properties would hit $10m or $20m.  Singaporeans can sell, become millionaires and downgrade to HDB flats and no need to work. The downgrading would also push HDB prices to above $1m, making HDB flat owners also very rich, asset rich. Some can cash out and migrate to JB, Batam and Bintang. Cannot go to western countries unless they don't mind being victims of hate Asian crimes.

In the long run, all the private properties would be owned by PRs and Singaporeans would only live in million dollar HDB flats. No chance to buy private properties as their income could not afford it. 

Would this be nice? The PRs are begging to buy your landed properties. They are very nice people. Think the imbeciles are salivating at this suggestion.