Agreed, but I am sure that a well crafted policy can help prevent influx of foreigners snapping up our private spaces (properties) and indirectly affecting housing prices to the extreme extent that eventually no young working couples from average income group could afford at all. We are not even talking about the poor group. The time will surely come if no drastic changes are seen.
We know, we know, and obviously we are adults. Rich people can still buy our properties and the impact will still be higher and higher housing prices. They have never minded paying because our property prices are already known to be high. Nothing about money can discourage a person willing to take abode here.
Bopanha ( Date: 18-Oct-2012 10:48) Posted:
| If I were a billionaire mafia and needs the safe haven of an island like Singapore, I won't be bothered about levy, stamp duties or what nots charges of any kind. They would be small matter to me. As long as you give me an umbrella to shelter, I would still pay even through my ass. Some children don't understand this, only most adults will.
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If I were a billionaire mafia and needs the safe haven of an island like Singapore, I won't be bothered about levy, stamp duties or what nots charges of any kind. They would be small matter to me. As long as you give me an umbrella to shelter, I would still pay even through my ass. Some children don't understand this, only most adults will.
SINGAPORE — The Real Estate Developers’ Association of Singapore (REDAS) has raised concerns over a potential oversupply of private homes in the near term, especially with the uncertain global outlook.
today Saturday September 10, 2011
REDAS urges Government to review land sales programme
REDAS president Wong Heang Fine made the call at the association’s Mid Autumn Festival celebrations at the Shangri-La Hotel yesterday.
The association is urging the Government to review its land sales programme to ensure that new supply is introduced only when the market is confident of absorbing it.
With the possibility of demand for private homes dropping due to an uncertain economic outlook, developers are pointing to the need to reign in supply.
[mOnOcrAcy DEVILS ? ? ? ?]
In the second half of this year, the Government will put up for sale 17 private residential sites under the Confirmed List of the Land Sales Programme.
Including recent sites sold, an estimated 53,000 private homes will hit the market over the next few years.
To ensure a more sustainable market,
REDAS wants the Government to moderate its land sales by putting more sites on the Reserve List instead of the Confirmed List.
That way, land is put up for tender only when there is sufficient interest.
“The Reserve List actually works well because all of us can actually trigger the land sales and each of us can then look at the particular site a bit more carefully,”
Mr Wong said.
“The Reserve List allows some flexibility, whereas in the Confirmed List, the Government would have to sell the site, irrespective of market conditions,” he added.
Echoing this sentiment, group chief executive officer of Frasers Centrepoint Lim Ee Seng said there is “adequate” supply in the market and he does not see the need for more sites to be introduced in the near term.
While he felt the REDAS suggestion is “good in such uncertain times”, property analyst Nicholas Mak said “the difficulty lies in balancing the number of sites on the Confirmed List and the Reserve List”.
Mr Mak, who is research head at SLP International Property Consultants, added that the Reserve List is not perfect as developers might be inclined to cherry-pick sites they are attracted to.
Cushman & Wakefield Singapore vicechairman Donald Han felt the Government is unlikely to change sites on the Confirmed List this year.
“The sales of site programme for the first half of next year is currently on the drawing board and they may probably finetune it slightly so that it is a little bit more on the Reserve List and probably less on the Confirmed List being offered, in view of current market conditions,” he added.
For now, developers are still optimistic that demand for private property will hold.
Mr Kwek Leng Beng, executive chairman of City Developments Limited, said:
“I mean you put the money in the bank, you are getting very little interest. If you buy stocks and shares, volatility is so great.
“So you have (an) alternative investment asset, and I think that’s good if you can diversify. But as I’ve emphasised, don’t buy if you cannot pay.”
REDAS also urged the Government to review the various property cooling measures introduced so as to avoid artificially suppressing genuine demand.
[TryIng to pUsh Up prIces to eArn hIgher cOmmIssIOns ? ? ? ?]
While take up rates for property launches are still relatively strong, developers said market conditions could change in the next three to six months.
By Channel NewsAsia, Updated: 09/09/2011
Games sector to get boost
Singapore games sector
SINGAPORE: The Media Development Authority (MDA) has said it plans to increase funding for Singapore’s growing games industry.
MDA did not want to reveal the amount but said the money would be used to fund prototype games research.
The global games market is said to be valued at between S$50 billion and S$80 billion.
As a further boost to the industry, the MDA will open a games solution centre next month.
It will be a place for game developers to interact and source for games information.
Industry players said there is huge potential in the sector, with trends moving towards mobile games application on smart phones and tablets.
Games Exchange Alliance president Aroon Tan said: " The big gaming trends we’re going to see is the proliferation of social gaming, obviously.
" One of the things we are excited about is the opportunity that goes from a Facebook game onto iPad game —— this kind of trans—gaming going from different screens."
Singapore is currently hosting the Games Xpo 2011, which has attracted 48 elite gamers from seven countries, competing in the TGX Regional Competition.
The event features more than 30 exhibitors.
Organisers expect to attract some 100,000 visitors to the expo, over the next three days.
—CNA/wk
CASINO for children
POISON for children
DRUG for children
OPIUM for children
DEADLY ADDITION for children
DESTROY children's FUTURE
IMMORAL PROFITS from CHILDREN
UNHAPPINESS for PARENTS
Who is Master Ryuho Okawa?
Master Okawa, founder of
Happy Science, is a
living Buddha of the 21st century and a
World Teacher of True Happiness. In the tradition of Shakyamuni Buddha, Jesus Christ, Confucius, and Moses, Master Okawa teaches the
Truth and the
principles that bring people true happiness and open the path to a new and better era. His teachings incorporate all truths discovered by enlightened humans that have become shining beacons of light throughout
human history and creates new guiding principles necessary for contemporary society to live in peace, harmony and prosperity.
“The world population is now over seven billion and growing towards ten billion. My thoughts are focused on how people living in over two-hundred countries can be in harmony with each other, work together and live in happiness on this Earth whose world population is approaching ten billion”.
HIS MISSION:
TO CREATE AWAKENED PEOPLE
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