I believe they are asking Govt to give buyers a chance.
Talk about GST and COE, everybody agrees down better. Nobody will actually ask for them to be increased to keep prices affordable.
Asking for tax increase for developers is asking for the costs to go up. Good luck if you are hoping to buy thereafter with the cut in future supply.
Be careful of what you wish for or you might just get it.
Originally Posted by
watchlist88
Well, developers are still putting very high land bids even with cooling measures in place. Given that land bid is the single most important factor that determines the selling price, ask yourself why they are bidding so high and then asking the government to give them chance, remove ABSD, QC charges etc. It is all profit driven mentality to pass down the land cost to the buyers of their projects so the developers won't lose anything. And they still gain their profits selling to you ! Nothing much to pity those at REDAS and their counterparts. I fully support the government to maintain cooling measures ... can't imagine the land bid price will have shot up to what levels without it.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.