Tuesday, November 10, 2009 11:14
Property prices “madness”
In Quotes • 628 views • 14 Comments
The prices for an apartment or a house at certain locations have gone up by as much as a million dollars. It is madness.
Wong Mei Keng (Straits Times forum page)
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- Lee Kuan Yew the “forecaster” – but doesn’t even know what happened last year. Property prices went down last year??
- JBJ’s Return To Politics: Method In The Madness? (Commentary)
- Property bubble : More government intervention or less?
- Property tax hike – Minister Lui’s reason
14 Comments
pernyew
I Can Honestly Say . . .
it’s not madness if you earn a million buckaroos a year!
Sherlock Holmes
If the going gets tough, the tough gets going.
If Singapore’s property prices keep going higher, the higher intelligence people will keep migrating to other countries.
Elementary, Mr Watson!
Teo CW
Let it rise. No need for policies for anti speculation. Speculation is good. It creates stamp duties for the IRAS for the same piece of title deed flipped over & over again. Let it rise till the bubble burst & that is when the foreign investors & the government will learn their lesson.
What bubble
Where is the bubble? The Singapore govt. can see no bubble.Until the property
bubble burst,then they come and tell you ‘we didn’t see it coming’.Now that the bubble is still intact, they will say that the property market is very ‘healthy’. They will
tell the Singaporeans that the prices of the houses have risen,and we should be grateful to them! Wait a minute, what they did not tell you is that the valuation of your houses is also risen in line with the price.Which means the next round of
property tax will be increased substantially! Madness? You judge!
Utopia
It is not madness to the government if people is not mad enough to protest on the street on high cost of housing.
tiredsingaporean
WHO MAKES ALLLLLL THE MONEYYYYYYYYYYY, ANYWAY!
aiyoyo
aiyoyo
got so many demand meh?
aiyoyo
engineered madness
To most Sporeans it was shere madness for PM, MM, SM and the rest of the stooges to pay themselves millions.
Where was the sharing in the country’s wealth ?
Therefore in order to do so and make every Sporean feel like a millionaire, it is imperative to introduce this madness of progressively pricing all property upwards until even a one room HDB flat is a million dollars.
Could this be old fart’s farewell gift , to make every Sporean a millionaire before he kicks the bucket. ?
7) tiredsingaporean
the sellers
smallsmallworld
10) KopitiamApek on November 10th, 2009 9.09 pm
the bookies
Mad Planners We Have
Yes, I agree that this is totally madness!
High Five
Its not madness! It is “affordable”.
walau
Silliporeans need to realize that the ultimate beneficiaries of this ppty spectacle are few & far between – the gahmen, ppty developers & ppty agents. We need to know how much these buggers are profiteering at our expense.
With the influx of foreigners into the country, the government has to look at
so many repercussions. The property market is one. Unfortunately, it has failed to keep it in check and is now trying to make amends. May be a little late…