01 Jun '11, 5pm

Tax foreigners on property gains

I REFER to last Wednesday's report ("Foreign home buyers hit record in Q1") and the letter by Madam Koh Chin Chin ("Limit private homes sold to foreigners"; last Saturday). The argument that the private home market can be opened to foreigners and permanent residents (PRs) with some restrictions, without significant effect on the prices of other segments of the property market, has been proved wrong. A broader set of limitations is needed, taking into account the objectives and affordability of the three buyer categories: citizens, PRs, and foreigners. For the citizen, it is a home; for the PR, it is a desirable alternative to renting; and for foreigners, it is an investment. A property gains tax should be introduced for foreigners. This will provide a concrete benefit for PRs who really want to make their home here to take up citizenship.

Full article: http://www.straitstimes.com/STForum/OnlineStory/STIStory_...

Tweets

Limit private homes to foreigners

straitstimes.com 06 Jun '11, 8pm

'If this trend continues, in a few years' time, foreigners would outstrip Singaporeans in owning private properties.' MR K...

Browse through the list of Singapore property f...

propertyguru.com.sg 03 Jun '11, 2pm

Beauty World MRT Station (est.2015) Bedok MRT Station Bishan MRT Station Boon Keng MRT Station Boon Lay MRT Station Botani...

Property prices worry National Development Mini...

channelnewsasia.com 09 Jun '11, 8am

SINGAPORE: Minister for National Development Khaw Boon Wan has sounded an alert on a possible sharp fall in property price...

Property resale at various real estates from 16...

propertyguru.com.sg 03 Jun '11, 2pm

Alex Wong Business Consultant "I stumbled upon this website while searching for loan rates and really did not expect mysel...

MCYS clarifies foster boy case

channelnewsasia.com 08 Jun '11, 4pm

Oops ...... Sorry we were unable to find the page you requested. Please check the URL again. Still unsuccessful? The page ...

(ST) Khaw 'worries' about the private property market

(ST) Khaw 'worries' about the private property ...

straitstimes.com 09 Jun '11, 9am

National Development Minister Khaw Boon Wan (above) has expressed his worries about the private property market. -- ST PHO...