03 Apr '11, 1am

[TR] PRs pushing up prices of resale flats

Singaporeans must use their vote to ensure enough opposition parties to do checks and balances on ruling parties: 1. PR policy must be renamed as Preferred/Premium Residence; these policy must be changed. PR should not be allowed to buy any resale flats until they have contributed 3-year income tax and proved their EVA worth. PAP gives wrong picture of excuses to population growth to bring in more PR who would buy resale flats once they are qualified but new born babies will take 25 to 30 years later before they purchase any HDB or resale flats — This will ease off a lot of escalting price pressure. The later PR will always pay higher resale prices to the earlier PR. This looks like a Ponzi Residence scheme. 2. All foreigners can only buy one properties instead of many that will add more pain to younger or genuine buyers. They are here to contribute our real economy but no...

Full article: http://www.temasekreview.com/2011/04/03/prs-pushing-up-pr...

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