06 Jun '11, 8pm

Limit private homes to foreigners

'If this trend continues, in a few years' time, foreigners would outstrip Singaporeans in owning private properties.' MR KHONG KIONG SENG: 'I refer to Wednesday's report ('Foreign home buyers hit record in Q1') and sincerely hope the new National Development Minister Khaw Boon Wan will not just look into the HDB market and its affordability, but also the private property market. If this trend continues, in a few years' time, foreigners would outstrip Singaporeans in owning private properties, and Singaporeans would be able to afford only HDB flats, executive condos or the cheaper private properties in suburban areas.' 'Singapore is too small a country to allow rich foreigners to buy up property.' MR RONALD LEE SIEW WAH: 'Wednesday's report ('Foreign home buyers hit record in Q1') spells bad news for Singaporeans. Singapore is too small a country to allow rich foreigners to...

Full article: http://www.straitstimes.com/STForum/Story/STIStory_673440...

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