Mr. Mah Bow Tan, Minister for National Development, has dispelled rumours that the recent increase in private property prices is a solely due to foreign buying.
Speaking in parliament on Monday, Mr. Mah said, "foreigners' share of all sale transactions of private residential properties in Singapore is relatively small.
"In 1st half 2010, foreigners accounted for about 13 per cent of all private housing purchases. Local buyers still make up the vast majority of purchasers of private housing in Singapore." > more
of course good lah, me can make money out of my joo chiat properties liao...but having said that, by and large, in humanity, some dun even have enuf to buy HDB flats, so talk about private houses for what...why worry about the rich who can take care of themselves??
in before the lock
Mod looking for the locks
Good if you're selling, not good if you're buying.
so after selling, you need to buy for a place to live in, if u upgrade, u spend more than gain, if you downgrade, you earn some, but you have to bear with a smaller precinct.
All in all, i would said, either you buy or sell, the Govt earn the most.
Originally posted by angel7030:so after selling, you need to buy for a place to live in, if u upgrade, u spend more than gain, if you downgrade, you earn some, but you have to bear with a smaller precinct.
All in all, i would said, either you buy or sell, the Govt earn the most.
Our government too smart.