ฝัง
- เผยแพร่เมื่อ 4 มิ.ย. 2024
- So there's been some measures to keep the Singapore Property Market under Control, namely the ABSD and the BTOs. Some people managed to find ways to skirt these rules and invest in a second property at a lower cost, and the IRAS is going to start to clamp down on these people
And after some careful consideration, we realised some commonalities between the previous few policy changes. Could Decoupling be next on the chopping board?
Find out with Mr Loo in today's video!
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My aunt passed and I inherited some of her portfolio and cash savings, I’m 28 with about 400k cash in savings and as usual everybody’s preaching invest, so what stocks are a good long term buy, only major purchase I intend to make is buying a home in 5years from my returns
Lucky you, I’d buy a lot of tech stocks and Dividend portfolios with that.
Don’t come to TH-cam looking for TH-cam advise, instead contact a fiduciary for proper guidance.
@@AshleyKeith-vw7ws Same, I just use TH-cam for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own.
@@ChloeCarter-kd7gz How do I reach out to a financial advisor? my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.
Desiree Ruth Hoffman is her name, browse about-her, you’d find details if you wish to reach out her. over half of the year 850k was way little of what I got it’s was a pretty awesome year for me
Thank you once again for the knowledge sharing, always waiting for your video
Thank you mr loo..really do a de coupling , keep it up
Wah you always give good news😢
Thks for the interesting view. 👍👍
💯 spot-on, great analysis ‼️ Legal on paper doesn't mean anything if the intention is to exploit loopholes in government policies. This applies to 99:1 share, decoupling and even divorce on paper. On a related note but not directly linked to property, foreigners previously thought that they could just get married with a Singaporean on paper to sneak in and remain in Singapore. The solemnization was done at ROM in Singapore and everything seems perfectly legal, or so they believe until they were charged in court for the arrangement.
Wow surely will
Be next - the sharing will capture
Attention
To first time private property buyers, if you fear what mr loo said then consider buying your property in single name to avoid the possible repercussions of decoupling later on when you become richer 😂 with gov coming after you for tax avoidance. But risk your spouse's displeasure for no enough trust in the union.
Your view is 100% correct on the policy intent; Legal or not depends on the government policies changes; This is part of political risk in any investment.
Those who own overseas private property should be forced to sell their HDB as it is not the intent of the government to let people profit from public housing.
Haha see what you doing there. But very hard to track lol.
@@jamesl2590actually a few Singaporeans reported they bought Malaysian property then when want to sell their condo n buy HDB, they received notice that they have to sell their Malaysian property first. Do not know how the authorities know. Perhaps back end , countries share data?
Disagree. Unless they dont stay in HDB for a very long time and refuse to rent out, they should not be forced to sell. People should have to right to invest overseas
😂😂😂 Mr loo definitely not agree
If going to buy SG private, prior already have 1 HDB & 1 MY property, the going to be bought SG private is to pay ABSD as only have 1 property or as having multiple properties?
Single can buy 1 property. Married must 2 buy 1. Communists also not like this. If want to cool property price, ban hdb from resale. Stop hdb from renting. But more house. Reduce population
Covid already reduce population...you are saying not to allow more citizenship?
our island is small.
Very soon, we also have to pay taxes for stocks dividend or capital gain. We also can tax those lottery tickets or expensive prizes for lucky draw etc
Wouldn’t it be nice for the govt to claw back all the profits from those who ‘exploited’ the SA loopholes as well? To allow these so called legal loopholes to exist for so long and now to punish the people for it is remarkable!
To be punished, one must have committed a crime. In 99-1 cases, people indeed purchased more than 1 property but did not pay the required ABSD. In decoupling, owners have not own more than 1 property, so why would there be a need for ABSD. Hence there is no ABSD avoidance, isn’t it?
True. And 99-1 should not be penalised because it is the lawmakers’s fault
To prevent spiralling and over-stretched . may end like China which currently is facing
China? Government officer owns 1000+ property without declare. Local Singapore never work in China can not imagine the deep water over there.
To do decoupling, is there a need for the property to be fully paid off first?
Clearly a policy change addressing tight property supply and arrival of foreign talent. Our government does not want us to get rich through easy property investment but through hard work that contributes to the nation literally. Not in my personal interest though.. 😂
Clearly explained.
A foreign Employee (PR, Ss pass, work permit holder ) in all Singapore registered company , who works in Singapore can reside in Johor, paying low taxes in Johor. Local Singaporean and PR who pay higher taxes in accommodation in Sg are being price out of the competition. Mr Loo, please comment 😊
only fair that de-coupling should pay ABSD ... anything playing the system should pay triple!..... another thing that need to be plugged .... Generally, the gains derived from the sale of a property in Singapore (also known as capital gains) are not taxable. However, when your main income is derived from trading in properties, the gains from the sale of property will be taxed. .... So flipper that does not hold more than 5-10 yrs should be taxed on capital gains...... govt should look at how many times a person flip and make capital gains on property speculation and tax them accordingly (as gain are derived from trading in properties). !!
You definitely dont know the industry nor the economy. The flippers are already restricted to 3 years. Yes probably there is a chance that it will become longer, however decoupling will never, NEVER have ABSD.
SA closure is a non-event now with interest rate rising. It is better to take out CPF fund and put in FD, stock for dividend, T-bill, etc for higher return or follow Mr Loo to invest in S&P index.
Closing loophole and claw back and 2 seperate issues. Govt closed SA after 55, but they did not claw back the additional 1.5% interest.
I did give my view on this in my video
ISKANDAR PUTERI, Johor: The Johor state government is considering implementing policies to curb property price speculation over the upcoming Johor-Singapore Special Economic Zone (SEZ).
Chief Minister Onn Hafiz Ghazi highlighted that the initiative stems from concerns expressed by diverse stakeholders, including the state's residents and external investors, regarding speculation surrounding escalating property prices amid ongoing development plans for the SEZ.
Arguably SA shielding used to go against the “spirit” / intent of the legislation as well
Yes . That’s why it was shut down
Agreed that decoupling the government will not take action those already done cases but may tightened in future!
But I think the government should look into those who owned HDB but rented them out and staying in their own private property.
Haha any changes this may affect one VIP who used to be staying in big flat in Yishun and also own a bungalow ;)
Mr Lu analysis is better than Straits Times editorial pages! I bet even G is looking at this channel and reading the comments as statistics! lol
Why should decoupling be an issue? If the government clams down, the most the couple divorce and divorce rates goes through the roof in Singapore to save ABSD.
谢谢分享。👍👏
Mr Loo, your video giving many glassheart property fellows a heart attack. Quite funny! You are right, now even property guru website got competition. Govt message is in Singapore prooerty is not to play, it affects social compact so they stepping in hard to prevent a Hong Kong situation!
Non own stay properties pay so much higher property tax than the own stay. Walao eh, already pay extra tax still want to clamp what down, gong sms.
If subsequent properties rich enough and already pay ASBD, then cannot buy investment properties?
MR. LOO what u say is reasonable.
Not everyone agrees
Decoupling SHOULD NOT be an issue. Every PR/Citizen is entitled to purchase one property without high taxation. If a couple can afford one private property each, then I don’t see the issue. Especially since subsidised properties like HDB requires both names anyways
Retrospective is the way to go for these cunning ones who think they are super smart to avoid the law.
Going by Loo’s logic, then those family who sell 1 buy 2 should also need to impose absd on them 😂
FYI… 166 cases is only as of now. Audit on 99-1 loophole is still on going. There is no set time line.
One agent told me that some couples divorced in order to own 2 properties while still stay together. If government has policies, it’s up to individuals to act to adhere to laws.
Don't think they will go after decoupling. This has happend long, long ago, way before 99-1. Amost half the population involved. But they might make it harder going forward. The government not so much going after the taxes than curbing property speculation.
Very good points Mr Loo. To recap, Lawrence has already stopped the rich from playing these games:
1. SA shielding
2. 99-1
3. Property Tax adjusted according to house value (landed owners paying the most)
4. Rental tax increased
Soon shld be
1. Decoupling no longer allowed
2. HDB essential occupier no longer allowed
decoupling disallowed long ago. now it's whether govt want to claw back the ABSD.
@@lct6823it's HDB decoupling that was disallowed long ago. Not for private. If any claw back for private property then the gov, SLA, IRAS, Law Society & soon many involved entities have to slap themselves for continuing to officially legalising it & collecting BSD & related fees.
Totally agree.
They took action against 99-1 because of the CPF / bank loan exploit users of this scheme were abusing. They are not likely to take action against decoupling because there isn't any equivalent exploit.
Looks like the issue is ABSD.
I guess no one is looking at it from that way.
Thank you
why so difficult? so long a married couple own a property, and any second property purchased in either the husband or wife name shall consider second property & subject to ABSD. Unless the couple divorce legally.
新官上任三把火 but I think it is good to close these tax avoidance loopholes which only benefited the rich. Not to forget, on top of the ABSD, the investment property is probably parked under one with lower income so the rental collection avoided the highest income bracket rate too.
That is just efficient tax planning. How is that tax avoidance? Even though the investment ppty is parked under the one with lower income, the fact remains that the person has met the required TDSR in order to qualify for the loan. The person may have reserves that have been used for more downpayment.
@@mic_sleepyhead They explained the reason for such taxes, u worked around it and called it efficient. In taxation, that so called efficiency is known as TAX AVOIDANCE, why don't you go find out before u ignorantly slam the term down??? It isn't illegal like tax evasion. But these days, it has become GREY. Btw, I am a qualified auditor, tell me I am wrong in other areas, when it comes to financial terminologies, u need to go figure out, not me.
private property is not meant for public housing
Mr Loo, aren't you also exploring the loophole to buy a second property (in JB) without paying ABSD..? 😂😂
Next…kena those who own 2nd property overseas …🎉🎉🎉
Yah thats tax avoidance too
😂😂😂
Are you targeting Mr Loo? 😢
I don't think the govt mind that, lao kok kok no use to the society, go overseas and retires better for them.
@1M65 Mr Loo, hdb decoupling loophole has been plugged by Govt many years ago. Private property decoupling goes through a lawyer to get full ownership transferred to one of the couple. Cant think of a loophole in that sense
That’s is not what DPM says. Watch this video…
@@1m65 I had seen your video before commenting. Probably is your title that is misleading. Decoupling could kena IRAS next maciam sounds like kena claw back + penalty, like 1:99 case. At most the Govt will put in place a minimum period where couples are not allowed to decouple or put a significant duty as a penalty for decoupling, provided that it is probably used to curb property prices from further escalating if statistics showed substantial decoupling causes significant price increase in property prices. But what’s there to kena from IRAS?
@@HuahKuehI have specifically said in my video that I don’t think IRAS will claw back ABSD for decouplers , but likely to implement measures to restrict decoupling as it violates the spirit of ADSB.
@@HuahKueh well, my title is subjected to interpretation, hope you will not over interpret my title. But like you, I also don’t think Govt will claw back ABSD like 99-1, but at least they would probably plug the loop hole for new decouplers. Since ABSD is under the charter of IRAS, any policy changes will come from them.
That said, we are not the Govt so this is just our views and we would wait and see what would happen then. Maybe nothing at all. Storm in a teacup.
@@1m65 Please! You started your views and the storm and also pulled the gov and PM into the picture. It is not by the so many of us who commented on your unnecessary assumptions. Don't shift blame.
If decoupling becomes illegal then would it be legal for a married couple to buy one property each without absd in future?
10:47 policy error?
well there is another CPF policy error staring right at their face ie
pre 55 CPF OA - ILLIQUID - 2.5%
post 55 CPF OA - LIQUID -also 2.5%. so pls correct the error amd do the right thing by increasing the rate for pre 55 CPF OA.
and BTW, these changes have not been tested at the polls yet.... lets see..
Exactly right from some comments. It is legally and policy aligned that each person should have a place called their own and that associates to 1 property since lky days. 99:1 allows some ppl to own multiple properties and that's what government is trying to close. SA loophole closure benefits only the rich and thus should be closed before suck away all government money. buying 1 property per person contributes to government pocket. you know how much tax government will lost by closing this?? lost ABSD and now lost property tax. talk so much but miss one essential point. haha
what talking u? ABSD already lost for decoupling, on top of that also lost rental income tax when decoupled. Maybe u want to read what u wrote.
U can skip my comment if u don’t understand hahaha. Not all will understand because not all able to win a race.
Can just ignore him. He don't even know what the loophole is about.@@crystal2484
Aren't people putting money in SRS also doing it with the intention of tax avoidance? What happens if the intent of SRS becomes illegal 10 years later, and we start punishing those who previously done SRS by slamming an income tax penalty clawback?
But property for investments, is already paying higher property tax rate.
Don’t forget they have high property tax for the second property eve n though not renting out
maybe those did not pay absd hv to be owner occupied and cannot be rent out?? maybe put a mop of 5 years?....
ya...have to watch as if the govt do nothing, , then, i can use my granny name to buy and will to me? open up many possibilities
Yes, all unfair advantages for the rich should be plugged
HDB interest rate 2.6% is a loop hole. HDB/Gov should stop this HDB lending at 2.6%. Who is financing this low interest rate when the market interest rate now is >3.5%.
Invest property somewhere else. SA closure also invest something else.
Probably not the right forum but think about it why the government had this policy in placed in the first place. Certainly not for IRAS reasons.
legal or not, end of the day, it's up to govt to decide what they want to do about any policy loopholes. its not as if we get to vote on it. 😂
Decoupling is not an issue lah, when decoupling is done, the "buyer" pays buyer stamp duty anyway.
So did those doing 99-1, they also paid stamp duty
People who have already done decoupling should be ok. I dont think it is not against the law.
Typo. I meant it is not against the law.
Then why 99-1 is clawback applied retrospectively?
I think those 99-1 case is like today buy under the "no property" person then almost immediate or short period sell 1% to the "mastermind" who already have other property whose objective is to only pay 1% ABSD and / or also to get bank loan if the "no property" person still does not have income yet.
@@J0Cwk Like what Mr loo say 99-1 is not illegal. If G does this again what is the reputational impact on SG? A G that can clawback on rules that they set? Intention is subjective. Sure it chances are dowsnt affect votes because ppl still kiasu, but the international reputation may be impacted
You have to bear in mind that Decoupling is also avoiding ABSD as well as rental income i.e. past, current & future taxes likely being taxed at a lower income bracket of the couple.
There was no "fear" about decoupling until uncle loo said so over social media. Where is your proof? Decoupling was termed part-share until this fashionable new terminology of decoupling popularized it. Always open to apply for joint owners who subsequently wish to hold the property singly or otherwise. Current need for ABSD has pushed this option into prominence. Decoupling is not tax avoidance. It is not free of upfront full BSD payable. For those rich but not-so-rich, decoupling helps them to retain more cash in hand to buy into a potential property within one's means. Those who can afford full ABSD upfront can even get reimbursement of the full amount paid, interest free, when the 1st property is sold within 6 months of acquiring the second property.
One name one property is not too much to ask for as a citizen who has done well in life. SG is first world country. Citizens are getting richer. Good to have gov's balanced strategies but pls don't sensationlize things for your YT agenda.
What then is gov's policy intent of property ownership is "not for investment" and is "for owner occupation"? Now hdb favors dual ownership of hdb + private property whereas private property owners cannot own a hdb?
The "spirit of policy intent" uncle Loo said "has been violated" in decoupling. But funnily hdb owners with a private property for investment did not fall into this spirit. Thank your hdb lucky star for the immunity.
If uncle loo later owns a private property in addition to owing his current HDB Executive, will he say the same about decoupling is tax avoidance and/or a legal option is actually illegal? Maybe not because his hdb flat accords immunity and he then laughs all the way to the bank in addition to owning a JB house already free of ABSD. Our loyal Singaporean!
If you own a HDB flat and after five years decided to keep the flat and buy a private property, no problem at all. Same thing, pay ABSD lah, 20% nia 😂
Somehow there is an unquestioned assumption that everything done (eg abolition of CPF SA, Ridout, absd clawbacks and etc) will not cost the govt any votes....
Well.... step on enough toes, you will see another GRC flip..... how many GRCs can the govt afford??
For one, I am so pissed off with CPF SA abolition that I will be voting against...
😂😂😂 I and friends will vote WP if WP promise to remove ABSD.
@@HawkishMerlion1965 Does the WP has any policy suggestion on what they would do (if they are in power) to cool down the property market?
@@EventH WP have no intention to be government, their objective is go parliament talk cock enjoy Aircon only. Real politicians will want to be in power to implement their vision. Too bad, WP will never want to challenge PAP for power. If want change have to Vote other opposition. WP only want 30% seat. Lol
ABSD should impose per couple, not individuals. As long as one partner own a property, the other partner has to paid ABSD if buying another property. Unless they go to the extreme to divorce in order to avoid ABSD😂
Right On...more divorce coming...
Just don't need to get marry at the first place. NO decoupling issue !!!!
Then the govt should disallow HDB flat owners to own and invest in private property!
Yup. Good idea. 🙄
those are also Singaporean who work hard to buy HDB and later make their money. They deserve to invest in any property with their extra money.
Good, this likely will bring down HDB prices since they are having a lot of trouble trying to lower the price for our future generations.
@@HawkishMerlion1965, that's not the purpose of HDB, which is public housing. Many newlyweds and low-income wage earners need an HDB to start a family. Hoarding HDB and owning another private property deprive those in real need. This is a problem (loophole) with public housing policy and is driving up public housing prices. I hope the new PM will address this problem.
@@charleslee3081 many Singaporean when young can only afford BTO, after moving in, they work hard to make more money, why should u ban them from using their extras money to do investment in property? To solve the shortage is to stop import more new citizens. Most important build more HDB. Penalized this group of young couples is unfair, they don't have rich parents to have first property buying condo.
Where is the difference between 100-0 and 99-1?
Are the HDB flat owners not owning a private apartment for investment?
I think absd is paid
Many thanks Loo for the quick video response with breakdown and diagrams to provide a clear picture of how this process is done.
IMHO, with regards to both 99.1 and decoup, I would say the word probably is causality although both technically not wrong on paper.
I am intrigued for those who were mislead by agents about the 99.1 and are not able to pay the tax, how do they proceed as in which party would be liable.
E.g. agent just pay a fine and be on his merry way or make agent bear part of the tax
Sorry Mr loo.. I need to dislike to pare down the algorithm. Civil servants are listening ;)
I don't agree that these only affect the rich. The truly rich won't even bother about the ABSD. It is the sandwiched middle class that suffer as always.
Agreed to your analysis..
:( protecting old money . All these are targeted to new wealth. Nothing done to those who owns multiple properties way before 2000. Instead , gov took away estate tax in 2008 to favour the old rich . Talk about fairness . 😂
if decouple number is too big ..and if many had decouple long ago will gov want to target this group?
if alot of civil servants also do that ..do u think govt will do?
You buy property in Malaysia is also ABSD avoidance by your argument haha
Well, the spirit of ABSD policy is to control Demand for property in Singapore. That’s why the law specifically made a provision to allow ABSD not to apply to foreign property.
You have a good agent friend, you ask him lah about decoupling. Do more homework before video
This is not the right thing
Why should decoupling be an issue? A single individual can buy a private property. Why should be not-rightful?
Exactly, after decouple each buy one if they can afford, no ABSD required and where is the avoidance of ABSD in the first place? E.g ECs require both spouse names and thus arrange 99:1 for future purchase if the wife or husband can afford to own another property alone.
Totally agree. I don't see anything wrong to sell off my share to co-owner so that I can buy my own. Every Singaporean has a right to own his her own private property! How does one know a couple will not divorce down the road and still want to share the property?
Then simply sell 1 buy 2 private lah, perfectly legal. There are many sour grapes seeing others can own 2 private properties while they cannot afford.
Agree fully with what you said.
A single individual needs one house to LIVE in. A couple also only needs one house to LIVE in. ABSD is not imposed on people who own a house for own-stay, but rather on people who own a house for investment/speculation. This is to deter people from flipping houses to make money, which creates volatile boom bust property cycles and zero value for society. Back to your question: a decoupled couple will own two houses, one for own stay (perfectly fine), and one for investment (which ought to be taxed heavily). Does that answer you?
Sure, you can say that had the husband solely financed the first house by himself and has 100% ownership from the start, then the wife could still get a second house with no ABSD. Well that is rather rare, and what makes you think that this issue won’t be addressed soon? Nobody says all related loopholes have to be resolved concurrently :)
just get divorced legally and each can buy their own property. still can live together and live life as usual as a normal husband & wife.
No couple in their right mind will do this
You think can get away with just that? 😼
mr loo, the rich buy shophouses, they dun need to do SA shielding or decouple so as to make financial sense of a OCR or RCR condo...only the hardworking sandwich generation that actually are the lifeblood and workhorses of the economy of SG as it stands.... pls get your facts right... or at least relay the right facts to your master, the gahment...
Middle class also cannot afford condo and all those SA shielding. Only those ultra rich can afford shophouses. These policy changes target the upper middle class and upper class. Doesn’t target the ultra rich or the middle class and below
True, I think those slap with the 99-1 are just getting there, not ultra rich, now they could be in financial trouble that is life-changing.
@@anonymousman9824 wow, what an amazing policy direction ? what for target the rich when we can target the middle class and "upper class".... dun we all know the ultra rich are above the "upper class"??? mindblowing relevation...
Fear monger
Mr loo ,if couple divorce then buy each one , it would be legal? It looks like encouraging divorce
危言耸听
How is it avoiding? You sell your share the balance portion is subjected to ABSD for another 3 years and there is no absd for the decouple. Please dont talk nonsense
Then why did DPM Wong issued the warning to decoupling in parliament?
@@1m65I read it as a politically correct response by DPM to the parliamentary question. It is not a warning! Do you expect him to say something like .. oh it's alright etc ... decoupling is not a concern etc?
@@QQ63555 if it is ok to do decoupling, he would have explicitly said so. Govt is black and white, rarely grey.
@@1m65In case you don't know, after buying over the other person's share of the original property the property cannot be sold within 3 years without incurring the tiered ABSD. Obviously you noob about what decoupling really entails.
At most, decoupling will be not allowed moving forward. Just like cpf sa shielding.
In fact, once a person owns hdb, he should not be allowed to own second ppty, be it sg or overseas. Especially buying jb property which is so close to sg is akin to having second ppty. This is very BIG loophole. Such pple are hoarding hdb and causing hdb price to soar. IRAS need to clamp on such profiles.
Mr Loo, pls stop your fear monger on property. I know you don’t like property, but before you do the video, can you do a fact check first. You don’t even know what the correct ABSD need to pay and start saying a lot a lot. But at least you should you know fact first. Also you miss out the most important factor.
Don't spread fear leh.
Mr Loo, excellent information. Wake up those rich people taking advantage of the loopholes.
Mr Loo, salute you. Informative and clear explanation of the current loopholes.
I used to like your content. Don’t talk rot just to garner views.
Me too. I am with you.
..content generate ill will among Singaporeans vs Malaysian and those who own 2nd properties in sg but not JB..
Agree. I used to appreciate his previous real financial sharing but not nowadays like garang guni everything not his forte also brag and blare.
He own self has private property in Malaysia. If he talk like that, Govt should request him to force sell his Johor property or he is not allowed to stay in his Maisonette.
I used to like his contents too and agree he became too biased in his views...cant fault him ...need to generate views. His video titles on sg ppty always misleading...on one hand like to fear monger abt sg ppty while claim his austin heights ppty price increasing....disclaim that he is not ppty expert yet likes to talk able ppty related matters...
For the record, i also dun benefit fr sg ppty boom and reside in hdb... but im happy for citizens who hv gained from sg ppty instead of praying daily that sg ppty investors suffer. As his regular follower , i cant help but feel that he is behaving like a absolute sour grape.
Must learn to act poor in Singapore. 😂
You really dislike eric huh???hahhaa
Who’s Eric?
Lol Eric is way richer than
@@1m65 th-cam.com/video/_ekERGr_Av8/w-d-xo.htmlsi=DGS0_T52ku63xdh8
huat kueh lah
Meant as a joke. Both of them focus on different asset classes. If one has the ability, it should be a combination of both of their investment approaches
Uncle loo, you are doing more harm than good on behalf of the new PM. You are so sure the gov "has no fear" .. not afraid of "electoral repercussion" to put things right in your assumption of various loopholes.
Your sensationized content brings the gov into your equation. You are over doing.
"Alot of people are affected" over decoupling. You say one. Don't say for the sake of making content.
For this IRAS recent 99-1 claw back plus penalty thingy, it is clearly the 1% person already owns a property prior! It is outright tax evasion not tax avoidance else why is there also going to be the penalty on top of claw back? 99-1 thingy is not legal (just that the authorities delayed reining in) but you deemed it as legal as decoupling!
Perhaps decoupling can be redesigned or tightened for overwhelming your thoughts but it will definitely favors the rich who can meet whatever is thrown at them.
Isn't those million $ run on hdb resale needs more attention for the general good?
The parliamentary statement you cited is acceptable. Nothing fearful IMHO.
I have explained my view why the Govt has no fear of making policy changes that hit a lot of people. You can disagree with me. It is a matter of opinions
Yes I agree that escalating HDB prices is a serious problem too. But the Govt seems not addressing it for now.
@@1m65The Hokkien saying ... clever is ok but don't try to be over clever. You are giving more than necessary opinions. Where's your disclaimer ah?
Dont vote pap lor if that hurts u
The authorities must go after those who are taking advantage of the ABSD.
Straight forward answer
Yes, doing the right thing ! 👏🩷
I will vote him if he is in my district 👏🩷
Jialat for ppty agents who advised decoupling sia…. @EricChiew ball on your court now!
Wake up those "smart" property agents who encouraged rich private property owners to take advantage of the loopholes.
Eric is not a real estate agent. What talking you?