The Dark Angel never fail to defend the PAP government even as it
pretends to be on the negative side with comments that are no
better then 'back-handed' compliments to the PAP.
Has the PAP government not initiated the entire property price
race and fuelling it further with the various measures that affect
the prices even higher ?
The URA will first determine the highest property price that it
can get in the land parcel sale to developers, who will pass on the
costs to the property buyers.
Besides affecting the price of the land sold, the URA will
increase costs onto the project by inflicting 'Development Charges'
based on the type of project that is built, and the 'Stamp Duties'
on the total cost of the project. More charges follows in terms of
fees levied on the number of car parks put in
place, or request for any waiver for the reduction
of car parks so as to cope with the development plans. Then there
are the charges for non-compliance to the minimum energy standards
imposed on the design of the building.
Even as much as the PAP government talk about leaving prices to
be determined by the Market Forces, it will intervene to influence
the market to prevent a virtual collapse or to prevent run away
spiral.
The minimum and maximum values seem to be set by
the PAP leadership - in their views concerning what these
values should be at different times of the housing price cycles, to
maintain the buoyancy of their initial cost input and prevent
disaster to the property values that they have initiated and forced
onto Singaporeans.
Now that they have boosted the prices of public
housing to such high levels that result in even high values
when bank interests are added, what price will these properties be
when offered for sale later ?
Can these artificial situation continue to be sustained, or will
the bubble burst at some point in time ?
The PAP leadership think themselves as
being so smart riding on the back of the Political
Tiger once before in the 1950s and 60s, and manage to get off
without being eaten.
Do they seriously believe that they can ride on the back of
the Property Tiger without similarly getting eaten when they step
off it ?
The Dark Angel will be better off keeping itself busy with the
dark angel in the bottle.
Is there a problem with finding a roof on top of your head, or are
you living in a bus-stop?? Many Singaporeans are gaining
alots from the sales of their properties, just that on the
hindsight these peoples like to grumble here and there just like
the way Singapore laksa is cooked, u go to a club and you can hear
aunties and uncles boosting about how many hundreds of thousands or
even millions they make from enbloc and selling off
their properties, then they keep the money happily in bonds or
banks or under their beds. After selling, they need another
property to live in, then they start to complaint housing prices
too high and all these shit...now who is the culprits who bring the
property market up??? If you are not greedy and dun sell, nobody is
going to take that roof off you head ya.
