Excellent rebuttal and counter argument to highlight the plight of our local citizens still struggling with the twin evils of stagnant wages and sky high rising housing prices. Just a template reply simply won’t explain away the frustrations of a new generation of Singaporeans feel left out of this so called “Singapore Dream!” Self denial will lead us to nowhere.
Originally posted on Unbranded Bread n Butter:
Many PRs own big and nice property in their home countries and yet they are allowed by buy HDBs even though it is against the regulations. There is no way of verifying this with so many PRs around. Some houses are owned by their parents or using companies and trusts. I have said this before, govt should consider a capital gains tax for PRs who sell their HDB and ship out or a lesser capital tax if they upgrade to private property. Perhaps no tax to be levied if they purchase another HDB flat.
Another point, the possible reason why Anak Abu (again read gintai and minister) wants to so call stretch himself, as noted by Minister, and buy a bigger flat is perhaps because he needs the space for his children or even parents. Should he not buy a bigger flat now, when he wants to upgrade later, he would have to cough up the levy or cov or are we so optimistic as to think that Anak Abu can afford a private property to house his entire family? At the same time we are complaining about our TFR and children ignoring their elderly parents when the property policies are not even enticing or encouraging enough to set up decent sized and robust families.