06 Mar '12, 10am

Public housing should be kept only for Singaporeans?

Yesterday was Jessica Cheam I think. Today Esther Teo added another half page article in the ST on the rising property prices and how to protect Singaporeans from the speculators. Just ask a simple question, what is the main objective of these foreign speculators? To make profit. Period. And where does the profit come from? If they make profits, who is losing their money? This is like inviting the big and sophisticated funds to play in our stock market with their high speed computers. They are here for one simple reason, profit. And the Singaporeans are paying for their profits. So, what is the discussion all about? Jessica was suggesting more controls, cannot buy, cannot sell, with more regulations. Esther was trying to say it is ok and it is not ok for the speculators to buy our properties. My position in protecting Singaporeans is fairly straight forward. Keep public ho...

Full article: http://mysingaporenews.blogspot.com/2011/11/endless-and-f...

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