Re: New property disincentives favour the rich foreigners

On Jan 15, 11:56 pm, "truth" <tr...@xxxxxxxxxxxx> wrote:
The easy way to cool the property market is to restrict foreigners from
buying. But the papist Leegime as usual are afraid of offending the powerful
foreigners. So they resort to monetary disincentives which could hurt
Singaporeans caught in a sudden change of fortune and have to liquidate his
purchase within four years.
These monetary disincentives do not affect the rich foreigners with deep
pockets. Infact if property prices decline it will work into the game plan
of these rich foreigners who can then pick up choice Singapore properties at
bargain prices for long term investments.
U can see that instinctively, the papist Leegime always favours the rich
foreigners.

No. The best way is to increase the bank interest rate.

With low Bank interest rate, the Government is using all Singaporean
bank and CPF saving to subsidies these properties opportunists to make
more money at the expenses of ordinary Singaporeans
.

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