ABSD Exemption Clause in Singapore’s FTAs
This has to take the cake for stating an unfavourable fact favourably. The Straits Times reported that Singapore residents (citizens and PRs) bought 99% of units sold at the Reserve Residences. Of the remaining 1%, “three are foreigners from the United States, who are subject to the same additional buyer’s stamp duty (ABSD)...
Half truth in ‘Black and White’
What Kuik wrote is HALF TRUTH. For 26 & 31 Ridout, swimming pools were added together with covered carparks. Trees were cut and guard houses were built as well. Yes, if you are just ordinary person, you will be subjected to most of the restrictions but when you are a PAP Minister, that's when the privileges come into play! The...
Ministers renting black and white bungalows
Many people are indignant that two ministers used, or rather abused, their ministerial positions to rent two black and white bungalows from the government. They criticized the ministers in social media. I hold a different opinion. I think that it is all right for the ministers to rent a bungalow at the market rental (based on...
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