However let's not forget many years back before the Singapore government realised that a lot of PRs had taken advantage (or more likely abused) their rights and had gone back to their home country and rented out their HDBs. That caused so many problems for both the tenant and the agent. And a lot of them would lock up some rooms and rent their unit at full unit price. Hence the government has now come up with policies for PRs who want to purchase HDBs.
sundaymorningstaple wrote:Take a good look inwardly if you want to know who is responsible for that scenario. Singaporeans are responsible for doing it to themselves in their greed for constant churning to upgrade. All HDBs are sold new to Singaporeans only. Part of the deal. However, after the MOP, they are free to sell it on the open market. Soooooo, they ask a hefty price and will not sell it to another local at a reasonable price. Add to that the other Singaporean Landlords who own and rent out private housing. They ask for sky high rentals as they know the foreigners are stuck and have to live somewhere, so they gouge the foreigners with stupidly high rentals. Somebody gets PR and they need a place to live (remember, most EPs who get PR loose their "allowances" upon gaining PR AND they experience a 20 percent drop in disposable income due to the onset of CPF. Now, they have no choice but either bleed to the locals landlords or bleed in the purchase of an elevated resale flat. Now the Singaporeans who own these HDB flats COULD sell to other Singaporeans at reasonable resale prices, but greed jumps up into their eyes so they hold out for the captive audience who really NEEDS a flat as they cannot live with their parents as a lot of locals do, until such time as they can buy new from the HDB.Sing Along wrote:
If it is private housing, by all means. If it is public housing and they are cashing out to return to their home countries, I have an issue.
If they intend to stay on in Singapore to contribute, have their sons serve NS and make this their permanent home, I have no issue.
You see, all the gripes are nothing but a smoke screen for evil Singaporeans to hide behind while they continue to gouge the foreigner and then complain because the foreigner had to pay the price either in mortgage or in inflated rentals. The new PR's expenses are much, much more than the locals, especially if they have young children. Hospital/medical costs have lesser subsidies, Schooling has lesser subsidies, No GST rebates or any other type of rebates, their children (male) have to do NS but cannot vote (can die for the government but cannot vote for the government). No relatives/parents to live with rent free like most young locals (except the few semi-goodly souls who contribute to the welfare of their parents).
Regarding HDB housing, Singaporeans are hoist by their own petard.
Kinda enjoying myself with the responses on this thread!
