Undervalued Properties in Singapore

[Lisafuller]

Yeah, 60% ABSD is a half baked knee jerk policy. With amost 0 foreign buyers, this will kill the market in the long run.

The gov is always very slow in their policy. Often is too late with draconian measures.

Agreed. I think the ridiculous ABSD is a massive disservice to the property investors. I understand the intent is to help Singapore get a food on the property ladders but this shotgun approach is hurting everyone.

I suspect it has also become a significant revenue stream which might be difficult to unwind, ever.

Definitely. Doubt they will ever undo it.

[Lisafuller]

Yeah, 60% ABSD is a half baked knee jerk policy. With amost 0 foreign buyers, this will kill the market in the long run.

The gov is always very slow in their policy. Often is too late with draconian measures.

I suspect it has also become a significant revenue stream which might be difficult to unwind, ever.

Governments almost never cancel tax unless there is a major revolution or change in government. I tend to agree the PAP won't drop it coz they 'lose face' if they do and on the face of it, the typical stupid sinkie supports it.

Lord knows that will never happen. Unfortunate when politics gets in the way of decision making that affects real people, but that's just reality.