Many Singaporean families becoming rich by flipping BTO flats.

This is not healthy as it encourages property speculation.

We need to change the system by

1. Increase MOP from 5 to 10 years

2. Only allow ONE chance to buy BTO flat not two times


Our system is encouraging foreigners to seek citizenship and then after flipping their BTO flats twice, make big profits, they go back to their home country to retire. They may even give up their Singapore citizenship. They take advantage of our system to make money. We lose as BTO flat are heavily subsidized.