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Old 03-06-2013, 12:21 AM
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Agreed that the gahmen should plug this loophole immediately. It is too inequitable and caused unnecessary crunch on HDB and artificial demands on private properties.

Another thing is whether the gahmen has any idea on the demand side versus the supply side. Should they stop / slow down land sales already? There is no need to worry / cater to those rich Singaporeans. If there are no more properties to buy here, they can always take their money elsewhere - M'sia, UK, Oz, US, etc
If they plug this loophole, HDB prices will fall dramatically. This will make the shaky situation worse.
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