Parliament 2016 - Page 2

**jwhtan** · 01-02-2016, 10:49 AM

Cars are a liability and a luxury to a certain extent
Properties are long term investments
How are they even comparable

With a highly volatile equities investment market and knowing that in the long run, due to space limitations in Singapore, property prices are more likely to go up than to crash,
doesn't it make sense for people (citizens) to save their money in this asset class (property) to prepare for retirement ?

It is the speculators that the market wants to avoid.

I think some people are plain stu ...... doesn't think properly

globalcookie · 01-02-2016, 12:15 PM

Prolong the seller stamp duty to weed out sub-sales. For long term investment, even 5 years seller stamp duty or higher duty, won't affect this group of investors.

But SG properties are high priced thus not many can afford this investment.

01-02-2016, 10:49 AM	#11
jwhtan Barney Join Date: Sep 2000 Posts: 9,118	Cars are a liability and a luxury to a certain extent Properties are long term investments How are they even comparable With a highly volatile equities investment market and knowing that in the long run, due to space limitations in Singapore, property prices are more likely to go up than to crash, doesn't it make sense for people (citizens) to save their money in this asset class (property) to prepare for retirement ? It is the speculators that the market wants to avoid. I think some people are plain stu ...... doesn't think properly

01-02-2016, 12:15 PM	#12
globalcookie Dragon Join Date: Nov 2007 Posts: 1,446	Prolong the seller stamp duty to weed out sub-sales. For long term investment, even 5 years seller stamp duty or higher duty, won't affect this group of investors. But SG properties are high priced thus not many can afford this investment.

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