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It's good to weed out those foreigners working in Singapore, earning 5k to 10k.
Actually, we don't need them to be around. They are here because of intercompany transfer and some slip under the net.
They actually spoil and distort the job market.
It's good to weed out those foreigners working in Singapore, earning 5k to 10k.
Actually, we don't need them to be around. They are here because of intercompany transfer and some slip under the net.
They actually spoil and distort the job market.
You notice all their so called solutions result in more revenue for themselves?
Too many maids, increase maid levy, too many cars, incease COE/ ERP, but not solving the underlying issue
You notice all their so called solutions result in more revenue for themselves?
Too many maids, increase maid levy, too many cars, incease COE/ ERP, but not solving the underlying issue
agree, my first thought too. They are not helping us.
Why not learn from ANZ, foreigners can only buy new, and resale only to citizens. Why define PRs as "locals", these foreigners are the ones buying million dollar HDBs in Singapore.
Foreigners only account for a small proportion of private home sales in Singapore, making up 4.4% of private home sales (ex. EC) in 2022, substantially lower than the numbers seen in 2010/2011 (see table 2). As Singaporeans and PRs still account for a lion’s share of private home sales – at 95% in 2022 - we do not expect the doubling of ABSD rate for foreigners to severely impact the overall market.
agree, my first thought too. They are not helping us.
Why not learn from ANZ, foreigners can only buy new, and resale only to citizens. Why define PRs as "locals", these foreigners are the ones buying million dollar HDBs in Singapore.
On the other hand, many Singapore malays are already staying in Johor, prior to covid-19.
They still make a living in Singapore but they own huge landed properties in malaysia, I even know one school canteen vendor got bungalow with swimming pool in JB.
Then covid made daily-travel tough and they return to stay in Singapore.
Foreigners only account for a small proportion of private home sales in Singapore, making up 4.4% of private home sales (ex. EC) in 2022, substantially lower than the numbers seen in 2010/2011 (see table 2). As Singaporeans and PRs still account for a lion’s share of private home sales – at 95% in 2022 - we do not expect the doubling of ABSD rate for foreigners to severely impact the overall market.
The issue is the size of the transactions and not the number of transactions...the indon family purchase was 250 million....at 2 million per condos..that is 175 condos...and they are Singkies means that can purchase other properties as well...if that is not a distortion I don't know what is. Oh another distortion...what percentage and number and value of transactions is done by PRs...PRs r not Singkies n not locals