Of NETS, Cable TV and Class C wards
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The CEO of NETS would had realized that this is the best time to raise charges. Those that could would not be doing anything about it anytime soon; they would be so ashamed to. This is after all the age of unmitigated greed. NETS is a virtual monopoly in Singapore. Nobody can do anything much about it. If the other monopoly in Singapore can raise their charges from S$2.7 to S$3.3 million for one individual, why cannot NETS? Will this individual have the cheek to speak out against it? [Read More!]
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A Sinister Development
The development charge increase is obnoxious in that again, the government is taking more money from the people. While ostensibly the developers pay, is there any doubt that the ultimate paymaster is the home buyer? Is there any doubt that the majority ultimately suffers? See: “Property Prices Rise at our expense”
The sinister aspect of the development charge is that it would have the effect of restricting supply by reducing the number of redevelopments of old estates or condos in en-bloc sales/purchases. Restricting supplies is never a good way to cool an over-heated market and in fact, has the opposite effect in the long run.
Surely a better policy would be to ensure that all redevelopments increase the built up area, and increase the living space.
It could even be multi-pronged. An increase in development charge if the living space is reduced and a reduction of the development charge if the developer plans to increase the living space after redevelopment.
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These people.... what the.... -
shang liang to zhen xia liang wai
if the top did not object, the bottom assume it's OK -
i thought its shang liang bu zhen xia liang wai.
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catch no balls.... you peeps China very chim...