Will curbs to foreign buying be implemented?

[Scion]

1/3 of private properties bought by foreigners, and out of this, 1/3 is PRC

 

seems harmless on the paper..

but greedy govt and private developers will push for more lands to be freed up to build more condos, so as to earn huge by selling them to the large demands from the foreign buyers

 

until a certain point that our heritage is compromised

think of Old School and Bukit Brown (they already said sooner or later it will be cleared for high end residences)

 

in the end,

foreigners happy that they have assets in a socially safe and disaster-free country

private developers happy that they earn much from the sales

SLA and URA happy of the large profits from the lands sold

govt happy as revenue surges

 

who are the unhappy ones?

 

 

http://sg.news.yahoo.com/blogs/property-bl...-034652284.html

 

Will curbs to foreign buying be implemented?

 

As more foreigners make Singapore their home, some Singaporeans are growing worried that their presence will further reduce limited housing supply and push prices up and out of their budgets.

 

The figures

The percentage of foreigners buying private homes is slowly but surely rising. In the first eight months of 2011, one-third of condominium buyers were non-Singaporeans and permanent residents (PRs), compared to last year's 28 per cent.

 

Business Times recently reported that foreigners, excluding PRs, made up 20.1 per cent of the total number of uncompleted private homes in Q3, up from 16.3 per cent in Q2. Among all private housing purchases, foreigners, excluding PRs, accounted for 16 per cent in the first half of 2011, from 12 per cent in 2010.

 

The new trend

In the past, as foreigners generally went for up-market homes in districts 9-11, their purchases had little effect on the average Singaporean buyer, said Dennis Wee Group director Chris Koh. However, recent times unveiled a fairly new trend where non-Singaporeans purchase mass-market homes (houses under $1 million)

[Fcw75]

The govt don't give a s.h.i.t about us. It's only abt their pockets. $$$ come come.

[Vid]

Don't sell to them, sell to who? singaporeans only got $$$ to buy HDB. U think that is enough to pay our ministers and their staff multi-millions?

[Without_a_car]

I think we past the point of no return, restricting foreign ownership suddenly, will cause immediate convulsions in prices

[Solar]

singaporeans can only look outside... such as this here

of course.. at your own risk