Dear Frens,
one of the solutions to this problem of PRs etc hiking up the price of HDB is easy. This is just my 2 cents worth.
1) All PRs who rent out the HDB flats are to be taxed 50% to 80% on rental amount. This will limit the amount of outflow from the economy. And minimise most of the excess demand created by these people which have caused the increased in prices.
2) All HDB flats who are rented out by PRs must be sold if its rented for more than 3 years.
3) PRs who sell their HDB flats are to be taxed 50% of the profit.
4)To avoid such penalties, they can take up singapore citizenship.
5) The taxation income gathered will be used to build more flats of higher quality and to subsidise Singaporeans who buy HDB flats
Comments please