Or better, tax them kau kau, and then give back as subsidy for first time buyers.

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.

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

Because they will spend it back to the rich
First time into capitalism?