Do both heavy tax and hard limit.

And if they can pay, why not?
Taxing them and then passing it back as subsidies to first time buyers does both in discouraging hoarding and encouraging first time ownership.

The solution is to build multi storey carpark, but with a small studio attached to every carpark space. Can run basic plumbing for a toilet, but no shower and kitchen. Use communal bathrooms, can be chargeable per use basis or for time use basis. No cooking, either eat out or tapau.

Renting good

No need pay bank interest, no need pay maintenance fee, no need pay quit rent assessment and fire insurance.

Spoil ad owner replace item

And not saying the rental is cheaper than paying the loan

This. I don't know why it seems all gomen doesn't matter from which party cannot do this.

most boomers already 60 and above, if they can buy, means they have the financial power, most also buy for their charsiew kids to goyang tolor and collect rental, if you are one of the charsiew then nothing to blame LOL

a lot of boomers I know still staying in flat, doing odd jobs

You impose heavy tax, they will directly channel those cost to renters.

It will create even more problems with higher rent on horizon, and those house owners will gladly tell them it is government fault for such burden.

Yeah, the usual talking points since 1997, rofl. XD

That's why don't breed so much. Then you can help out your children to own some home.

r u a commie????

why u against free market?

the point I am trying to make is those parties ie. developer,cement,sand,steel maker are responsible for high housing price.

you can go try to build your house at cost price, you will find yourself these guys are the ones earning biggest bucks in the entire food chain.

This post has been edited by Boldnut: Jan 19 2024, 10:32 AM

Not a commie, it is a simple way to fix greedy people who want easy money by hogging all properties.

Did I step on someone's toe? Hahaha.

This one is expert.

Buying place to stay at young age is a total waste. The property becomes a liability instead of asset.

Better buy a shoplot which can generate recurrent income. Rent anywhere that is convenient and closer to work, then change house when work change. Be flexible and be like water.

If possible, do not buy an expensive condo, ie more than 500k ones just for investment or rental purposes.

Tax hoarders and subsidize first buyers enough so mortgage is cheaper than rent

Can increase cukai pintu too. The more you rent it out, the more you're taxed.

Can also add tax on rentals too to discourage renting. Those that can afford upscaled rental units for sure have no problem dealing with it. And for a certain rental bracket, allows tax refund.

This way it will be too costly to hold on to excess properties. Rented out or not.

This post has been edited by cursetheroad01: Jan 19 2024, 10:49 AM

1 unit of shop these days is 2million easily. And it is not like developer will build them anymore. They just spam building condo kao kao because it earn a lot more.

Good luck buying shoplot

This post has been edited by Boldnut: Jan 19 2024, 10:36 AM

Opps, time to sell nearly all my properties

Those who own lots of property is because the property fall from the sky one, look up more n u might catch one.

Am I the only one think this part is a good direction? Of course not the part buy car as successful benchmark.
Utilise public transport if able to, and car use for trips / weekend / place that hardly accessible / emergency, usually trip/weekend will be car pool instead of 1 people in a car.

FYI
As of end 2023 we have 27,000 over-hang units, completed and ready for use, but remain unsold for nine months after its launch date.

my uncle got property worth hundreds of million

but still can get the bantuan cash topkek

No reason to buy house when my dad already buy one for me