I can think of a way how to get around this issue.
Older investors buy n put the properties under their children names.
Voila! Problem solved. In fact developers agents are recommending such tactics to get around it.
If the government is truly sincere to stop such issues, slap with a higher stamp duty on private property even on first timer.
Else raise interest rate on properties. Managed the i/r, send directives to banks like what the PRC is doing.
Though this will cost them votes among the rich ppl.
Garment has vested interest with Redas. Not sure? Look at Ng Teng Fong hospital coming up soon. Funded only a small percentage yet the name big big up there.
Thus all CM are half hearted measures, IMHO.
The party will end when it needs to end. Meanwhile I'm the biggest idiot not to partake in the property musical chair.
Older investors buy n put the properties under their children names.
Voila! Problem solved. In fact developers agents are recommending such tactics to get around it.
If the government is truly sincere to stop such issues, slap with a higher stamp duty on private property even on first timer.
Else raise interest rate on properties. Managed the i/r, send directives to banks like what the PRC is doing.
Though this will cost them votes among the rich ppl.
Garment has vested interest with Redas. Not sure? Look at Ng Teng Fong hospital coming up soon. Funded only a small percentage yet the name big big up there.
Thus all CM are half hearted measures, IMHO.
The party will end when it needs to end. Meanwhile I'm the biggest idiot not to partake in the property musical chair.