Ang Mo Gow Sai will now be able to buy landed property. Before
this they were restricted from buying landed, only condos, except
Sentosa Cove,
Several years ago, Lee Kuan Yew said 'Landed property ownership
will remain the sole preserve of Singaporeans so that
Singapreans...will feel special compared to foreigners'. LKY then
was 'dead set against' foreiners owning a landed.
Mah Bow Tan, Minister for National Development, said in June
2007 that SINGAPORE HAS NO PLANS TO OPEN UP its landed property
market to foreigners"
Speaking to reporters during a four-day visit to the
north-eastern Chinese city of Tianjin, Mr Mah Bow Tan said any
change to the rules would deny Singaporeans a chance to own such
homes, which are in short supply in the land-scarce country.
'Landed property has to be treated as a special category. It is
important for us to maintain certain privileges for our
citizens.'
Now the PAP has changed their mind.
Soon landed property prices will rise and the average
Singaporean can no longer afford a landed. Landed property prices
will experience sharp jumps resulting in even greater frenzy in the
property sector. Cost of living will jump again.
Singaporeans are just laughing stocks for people in other
countries.
This will lead to public disquiet Landed-property ownership is
one of the 'privileges of being Singaporean'. We are no longer the
creme de la crem.
This new rule is sneakily reported in the Straits Times Oct 19
2010 page A4. Again we see the PAP trying to trick Singaporeans and
sneak in a new rule that will be unfavourable to us. Lack of
transparency.
But my point is not lack of transparency. My point here is that
landed is no longer a preserve for Singareans. So what's the point
of holding Singapore citizenship?
In 2007, it was reported that “the restrictions on foreign
ownership of landed property is unlikely to be eased because it is
an emotional issue. It involves (putting) a tangible, physical part
of Singapore in foreign hands,” said Mr Colin Tan, director for
research and development at Chesterton International.
“Landed properties should not be priced out of Singaporean’s reach
(or) it could lead to disgruntled Singaporeans, which would be a
cause of concern for the Government,” said Mr Charles Chong,
chairman of the Government Parliamentary Committee for National
Development and Environment.
So we have no more stake in our own country. So what's the point
of being a true blue Singaporean? As Leesiewhoi (from this forum)
said that right now in Singapore, so what if you are a local born
true blue Singaporean? You are no better or special than any other
foreigners here.
I strongly urged true blue Singaporeans to move out of Singapore
to other countries, then return to Singapore as an expat and
receive all the privileges of expats.
Finally, Singapore will soon become like London. When you visit
London, White Londoners are almost extinct. London's population is
now Non-White. Similarly in Singapore, Singaporeans will become
extinct in 10 years time. Singapore will become an ang mo
(foreiner) country. It's like the ang mos are avenging themselves
on us for taking over London and New York.
It's totally pointless to complain to PAP because PAP will pass the
bill anyway.
PAP is diabolical.