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...
Working balls and the meaning of Meritocracy
One of the biggest points that gets raised in Singapore whenever there is a debate on the cost of living and wages, is the fact that Singapore is a proud meritocracy where people get promoted according to their abilities rather than their race, religion or gender. If you look at Singapore on the surface level, you’ll believe...
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