- Joined
- Sep 23, 2008
- Messages
- 661
- Points
- 18
This COV thingy should be nipped at the bud , perhaps regulating it at a certain limit when it was born.
By saying the market demand drives up the COV is a fallacy. Only few units get that kind of big bonus but now all sellers wish to have that kind of COV money. The hit is on !
The resale market is also filled with foreigners hoping to make out something.
At first it was thought as appreciation because HDB flats are just valuable because of PAP presence.
Now the COV is out of control, it is now the rich buyers and happy- seller market, of course the soft -rice agents are laughing to the banks either !
And PAP has no control over it already.
The COV dirt is not alternative parties to clean up. The system is more convoluted than we can think of---a political price we cannot understand. .
If you try to bring down the COV, existing flats’ leaseholders will not be happy because they also want to have a pc of this cake, so let it rot with HDB , because getting–by locals who wish to buy resale have to bear the brunt.
COV is hot cash , not CPF issue.
HDB collects COV from the buyers on behalf of the sellers----in cash ! Mind you, in cash !
So at best, alternative parties should focus on new flats, the building costs since land is public there should be no cost , and the economical design of HDB flats to cut costs. Young local couples and local new buyers will cheer you on.
Like they say---normal outside, good inside !
The resale market has plenty PRs hovering, these so-called better souls with better spurs are within reach of being naturalized and they are die-hard PAP voters, its getting more complicating each day, more dangerous each day.
Let the COV go, this dirty problem has nothing to do with alternative parties, it likes a pandora box , let it be.
Focus on new HDB flats.
Remember, the COV dirt is a problem between HDB and the citizens and the PRs . They will sort it out at the polls or somewhere else. It is a natural cause and effect, alternative parties can save the time and effort avoiding the subject. Everywhich way but loose.
No wind where got waves, if there is no big demand , where got such COV---think about it, will local singaporeans bid for something that is very old for 50k to 100K. Now, foreigners cannot be blamed, then who to blame, my goodness, the god is crazy already !
Thank you sirs ! Alternative parties.
