Three ways to discourage property speculation

[makapaaa]

<TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR>Three ways to discourage property speculation
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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->THE following are my suggestions to discourage residential property speculation:
- Impose a high stamp duty on property flipping: for example, 20 per cent within a year and 15 per cent within two years.
- Remove property tax exemption for unoccupied properties. Land banking and property squatting are economic waste.
- Impose capital gains tax on profit realised from investment property.
Demand for return and demand for dwelling are very different objectives. Hot money will find a better place to go in a jiffy when the situation changes, and Singaporeans will bear the burden of hugely inflated home prices. Singapore needs to fix this vulnerability.
Chua Yeow Chong



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[vincenttan]

Chua's suggestion is to fatten the government through more tax revenue. Why not just introduce more HDB flats and reduce population intakes?

 

[po2wq]

ah chong ...

ze world's bestest paid gahmen welcum any suggestion dat can make their pay fatter ... n @ ur expense, as much as possible ...

 

[Watchman]

Property speculation is good , means people have money to make money and for money to come back !

WTF they doing now !

 

[Tiu Kwang Yew]

this sounds practical and logical but PAP baboons will not do the right thing for locals ?

Chua's suggestion is to fatten the government through more tax revenue. Why not just introduce more HDB flats and reduce population intakes?

 

[Watchman]

this sounds practical and logical but PAP baboons will not do the right thing for locals ?

Chua must be a civil servant making sure the iron rice bowl stay iron and not a clay bowl .

 

[halsey02]

Chua must be a civil servant making sure the iron rice bowl stay iron and not a clay bowl .

Chua is upgrading his IRON bowl to a TATINIUM one...what IRON? if Chua is an 'evil servant'..oppe Civil servant..