Foreigner 10% extra, 3props-SG only extra 3% - still got 7% citizenry discount wor...
Originally Posted by mcmlxxvi
Foreigner 10% extra, 3props-SG only extra 3% - still got 7% citizenry discount wor...
Originally Posted by mcmlxxvi
haha.. the 3% not there in the 1st place.Originally Posted by gn108
to tell oneself got 7% discount citizenry is just 自我安慰
No extra 3% are for the 'less blessed' Singaporeans with only 0-2 props.
Those 'blessed' with 2 and more, should give 'offerings' for their 'abundance' in buying 3rd or more.
Ai ya...it's political la...kena slap so many times now the Powers That Be, are pushing all sorts of buttons to maintain their Diety-like presence. But so-far not so All-Powerful with MRT, flooding. Furthermore, had the PR-boohoo with the 'Malay-Indian' cannot speak the English and Grace 'Money No Enough' Fu.
Like this no one will be happy
Originally Posted by jwong71
its not very nice to push button every 2-3 quarter, it does tell you something.Originally Posted by gn108
It's going to be a interesting next 4 years...nagivate thro' all the bad karma created over the last 10-odd years + settle existing issues + hope no new ones befall. Then just wait to see if there are economic storms - but can't stop it. In the meantime, must recruit and trim non-performers. Pay also less, voters angry - every little thing now jump on.
Hard to earn the $1m - but alot of it is their own doing.
To answe your question - panic lor
Originally Posted by rattydrama
I support your views.Originally Posted by Santro
Unfortunately, nowadays youngsters don't think that. They see people live in pte condo, they also want, can't wait, want immediate fruit. Although some of them might be drawing a high pay but they might be still young, just started to work, where got enough saving. Stay in HDB first lah, then climb step by step lor, aiyah!Originally Posted by Allthepies
Worse still, so many complains on HDB flat super high prices and yet no tough cooling measures (like those implemented for private properties)! Where is the tough cooling measure implemented previously and removed and never implemented again when this time HDB flats prices shot through the roof to reach newest high ever?:
1) anybody who buy private property must sell their existing HDB flats within 6 months?
2) no tenanting out of whole HDB flat since HDB flats meant for own stay only?
3) People who previously own both HDB flats and private properties can only rent out private properties and must stay in HDB flats?
Originally Posted by Laguna
Wow! This sound like COMMUNISTS to me!
If so, how to justify PM annual pay of $2.2m vs cleaners' pay of <$10k a year? That is 22,000% ratio!!! How? PM himself not practising what you preach in terms of pay? If so, how to be fair only doing for other things?
Originally Posted by Leeds
totally agree. Why are private property owners of 3 properties penalized when public housing is not "public". The bubble in property prices is driven by high HDB prices. It's all political!Originally Posted by teddybear
They don't have patient mah. But they smart & have an easy way leh. They know government want to win GE & must understand 民情.Originally Posted by irisng
So they kpkb here, kpkb there and the message is loud & clear. Give it to me or .......
Multiple properties owners don't kpkb so much or loud enough.
So the score now stands at
kpkb youngsters/people 1 multi-properties owners 0
No! no! not! Just Basic Economic Theory!Originally Posted by teddybear
Whether capitalism, communism or socialism, the primary role of the government is to redistributed wealth back to its people. Singapore chooses capitalism thus far. Maybe a little of socialism come nearer to 2016.
If you look at the ultra rich men in US and UK, they are very keen to donate. Why?
They know that's the best way to save their lives.
Ultra Rich = Smart + Lucky + ...
If you take ultra rich for granted, you are putting your lives at risk.
My grandfather used to own properties along the whole street in his town, he had 3 farms and 2 factories. He thought he could take care of his children and grandchildren. But guess what, he lost his own life because of these.
OK, it was China.
Now let's look at Singapore. Pick my most admired person LKY for example. Can he be 100% sure he can be the top man if we re-run history one more time? If he cannot, are you 100% sure you can be ultra rich if you need to make all the investment decisions one more time?
Let's admit there is a factor of luck in our successes. And for that, let's contribute randomly by donation or systematically by tax.
There is no doubt that Singapore is under taxed for ultra rich, and our social safety net is nowhere to be First World.
Once again, social safety net is NOT for the poor, it is to save the LIVES of the ultra rich.
Thanks,
Richard
they donate bcos they understand the big pictureOriginally Posted by richwang
a society with weak foundation is unstable and will soon crumble and those at the top will fall the hardest... when the lynching begins, they will always be targeted first.
to give is to take more. even our gov did that many times.
S'poreans benefit from property cooling moves
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Published on Jan 7, 2012
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CONTRARY to Mr Tan Cheng Hock's view that Singaporeans are victims, the latest property cooling measures are long overdue ('Multi-property owner speaks up'; Thursday).
Asian property markets have boomed due to the effects of the ultra-low interest rate environment. Singapore is no exception.
However, property investors are now facing the prospects of the 'bust' after the boom. There have been reports of property investors in China wrecking showrooms after the developers gave hefty discounts to new investors due to poor demand. Property markets in Hong Kong and Australia have also fallen. Will Singapore be an exception this time, taking into account the uncertain economic situation? I doubt so.
One role of the regulator is to ensure a stable and sustainable market. If property bubbles are allowed to develop and subsequently burst, would there be complaints that hardworking Singaporeans have been penalised because the regulators did nothing, or worse, encouraged speculative buying?
Most property investments are leveraged. Should the property market collapse, losses would be magnified. Multiple property owners with bank borrowings would be the hardest hit.
By actively preventing speculative price movements in the property market, Singapore's property investment climate will gain a good reputation and recognition and attract long-term investors. Singaporeans will ultimately be the beneficiaries.
As highlighted by Mr Ed Cheong ('Singapore's property investment climate still among world's most open; Dec 12), local property rules are still relatively open despite the new measures.
Investing in foreign properties carries additional risks such as liquidity, taxes, estate, currency and regulatory considerations. Investors will have to take these matters into account and decide for themselves if they are willing and able to take on the risks and not be blinded by seemingly foreigner-friendly policies.
Eng Tiang Chuan
Disgusting bootlicking... This guy running for MP next election?Originally Posted by esther
this guy actually has good idea.Originally Posted by mcmlxxvi
since leverage is a problem,
those who pay full cash should be exempted from any ABSD, be it citizen, pr, foreigner. also should be exempted from SSD too.
no leverage = no problem
Wise words from a wise man.
Thank you sir for your perspective.
Originally Posted by richwang
it is because of occidental religion. You only lived once and died once only.Originally Posted by richwang
oriental religion, can live many times and die many times due to reincarnation, in effect have many chances, like indian and chinese beliefs.
example, that's how the Aryans (from ancient Iran) control the populace they conquered by implementing the caste system.
If you are a good slave by performing the duties a slave should, you can move up the ladder in the next life. so don't revolt in this life cycle please.
No leverage where banks get business from? Am sure you know many local banks good bulk of business is from mortgage... No business no need so many headcounts. Worse impact on job market...Originally Posted by hopeful
supposedly multiple property owners are rich, and foreigners are even more cash rich. Wouldn't it be good to give them an option, if paid full in cash, can escape the SSD and ABSD? if they want to use local financing to buy more properties, unfortunately then they have to be hit by ABSD. if overseas financing, no need ABSD.Originally Posted by mcmlxxvi
of course, for the citizens who can afford up to 2 properties, they still have the option to mortgage and avoid the ABSD.
My grandfather had a few plot of rubber plantations in Indonesia and had 3 wives. When the war striked, everybody ran for their lives. SAFETY FIRST.Originally Posted by richwang
War, sickness and death are the biggest equalisers of humanity.
Originally Posted by irisng
soo.... what's the moral of the story from these 2 real life examples?.....
Don't keep all your money in the same place, err properties in the same country.....
hmmmm... but where?
Below argument fill of holes, smack of bootlicking?
[1] This is his speculation, not fact or truth. Singapore property prices in CCR are just too too cheap if we compare to HK, London & NY etc! As such, there is no need for cooling measures, especially targeting foreigners. If govt's concern is OCR prices going too high, just ban foreigners from buying OCR can already lor!
[2] Another of the "what if"!
What if war occur in Singapore? What if sea level rise so high that whole Singapore got submerged?
Might as well mandate that every house must have a boat in bomb-shelter ()!
[3] What bullshit? Many companies are also highly leverage, eg Olam, Noble, even SIA are leverage etc! If what he said is true, Singapore should just ban all companies in Singapore from being leveraged!
Otherwise when these companies failed, the banks will go bankcrupt and with dire consequences to Singapore, economy, and depositors money!
[4] So he is saying that by introducing policies that discriminate against the foreigners and slapping them with 10% tax that does not apply to others (e.g the few special exempted countries & citizens), "Singapore's property investment climate will gain a good reputation and recognition and attract long-term investors"???
[5] Now end up scare everybody goes overseas to buy properties and come out with scare-mongering tactic?
Originally Posted by esther
Read teddy reply that followed... Think he screen every point of that politcal bootlicker well....Originally Posted by hopeful
Another of the "what if"!
What if war occur in Singapore? What if sea level rise so high that whole Singapore got submerged?
Might as well mandate that every house must have a boat in bomb-shelter ()!
That's why I always think that though Singapore is small without any resources but it can developed into what we are today is really amazing. Lets pray hard not to have any natural disasters and natural disasters not only happen in Singapore, it can happen anywhere in the world.
Overall Singapore is still a safe country.
[quote=teddybear]Below argument fill of holes, smack of bootlicking?
[1] This is his speculation, not fact or truth. Singapore property prices in CCR are just too too cheap if we compare to HK, London & NY etc! As such, there is no need for cooling measures, especially targeting foreigners. If govt's concern is OCR prices going too high, just ban foreigners from buying OCR can already lor!
i feel we cannot compare Singapore with London and NY ...
they are true cosmopolitan ... and singapore is not ...not yet ...
i read an article recently about what makes a true city ...
, NY London Paris Tokyo .. take the top spots ...
HK , Taiwan ... are ranked higher than singapore ...
so ..CCR props in singapore ARE expensive ...
having said that ... when it comes to condo architecture .. i will say ..singapore condos 'design' take the top spot ... (exterior design ..not layout)
Can't agree more... stop foreigners to buy OCR and RCR... or impose higher ABSD for OCR and RCR for foreigners. Let Singaporeans feel they are very different (not just a difference of 3% vs 10%). Hee... a selfish Singaporean talking here...Originally Posted by proud owner