View Full Version : 6 reasons why property curbs should NOT be removed today
http://www.propertyguru.com.sg/blog/tag/6-reasons-why-property-curbs-should-not-be-removed
There have been recent calls asking the government to relax some of its property cooling measures as demand for real estate wanes. Mr Getty Goh, director at Ascendant Assets, voiced his view on this, speaking at a Business Outlook Forum recently.
He said the government should consider repealing the Seller's Stamp Duty (SSD) for residential properties introduced in January 2011 because sellers who are keen to dispose of their properties may find themselves tied down by it.
Many people I have met who want you to invest in property don't care two hoots if you make money or not, as long as they profit from your investment. And the same group of people are now calling for property curbs to be removed because of a so-call ‘lacklustre' property market.
Mr Getty Goh is one of the few respected voices I listen to among the many industry players, and therefore I believe he does not fall into the category of those "Please invest in property so WE can get rich" group. His view on relaxing some property rules may be a personal view of his own and not for profit interests.
Here are 6 reasons why property curbs should NOT be removed today - at least till a correction happens.
*
1.****** It's too early
Private home prices registered their first drop in seven quarters in the October-December period, falling 0.8 percent on-quarter. Meanwhile, public housing prices posted their second consecutive quarterly drop, down 1.3 percent - the worst reading in eight years.
Unwinding existing tightening policies for property simply because of a slight drop? This may be too premature and over-doing it as prices in both the private and public housing market are still very much elevated.
For the government to roll back its policies that took four years to have an impact, a major correction has to be warranted. And I believe the government will continue its stand on existing measures till that happens.
*
2.****** The market is not ready psychologically
Market psychology plays a huge part in rising asset prices and Singapore's economy has been resting more and more on asset based inflation supported by cheap liquidity in recent years.
Credit growth and bank financing drive up asset prices, causing lenders and borrowers to believe that even more credit growth is both safe and desirable.
The last four years of rapid property price escalation has been played out - not by real estate or economic fundamentals, but simply because everyone believes in the fallacy of an illusionary demand/supply initiated by the market psychology of lemmings following the crowd.
An even more vicious inflationary cycle will happen - once the government begins to unwind its policies, buyers want to buy, sellers want to sell, banks want to lend, developers see ‘demand' and want to buy more land and build more, government sells and releases more land... the whole cycle will turn on itself.
This will cause more supply in future ...and if there's a correction, the results will be disastrous to the economy.
*
3.******Still plenty of liquidity
Even with the recent FED tapering, the world is still awash with cash and developed-market interest rates are close to zero. Liquidity factors still have the ability to push real estate markets to new highs and to crazy overvaluation.
The dire consequences and outcome of removing the Seller's Stamp Duty (SSD) and other property measures in a bullish real estate market is unthinkable.
*
4.****** Gamblers don't deserve sympathy
On the removal of the Seller's Stamp Duty (SSD), Mr Getty Goh explained that this move would help property owners offload their properties.
He said:*"These owners in the event that they own two or three properties, giving rising interest rates and their inability to do a refinancing because of the Total Debt Servicing Ratio (TDSR), may be compelled to slash their prices to offload their property. This could snowball into a longer term problem when sellers flood the market after the Seller's Stamp Duty expires in four years' time, precipitating a crash in prices."
Should we protect the interest of these property buyers whose finances are not built on solid foundation?
The owners who*buy and sell properties*hoping to make a quick buck in a bullish market, either during a sub-sale or when the property achieves T.O.P, are gaming the property market like a casino. When the Seller's Stamp Duty and other property measures were implemented periodically, they got stuck and hoped for some form of salvaging.
Removal of the SSD by the government will only send a negative message to more speculators that buying and selling especially in a bullish market is the right thing to do.
An analogy to the above:
Should we remove all casinos' regulations to help more gamblers gamble?
Should we extend credit to gamblers to help them recover when they incur bad gambling debts?
Will the casinos in Singapore go ‘under' because a bunch of gamblers lost money?
Professional gamblers understand risks and protect the downsides to prevent losses before they step into a casino. Shrewd property buyers are the same.
The only downside protection ignorant gamblers have is 'buy and pray'. So let them pray for now.
*
5.****** Higher cost of living for most Singaporeans
Removal of property measures at current bullish levels will cause a further spike in land prices (See Reason 2), adding inflation to all asset prices. And this may result in a higher cost of living for most Singaporeans.
*
6.****** Protect genuine home buyers and conservative investors
If the Seller's Stamp Duty (SSD) and other property measures are removed at the current point, property prices may continue to rise given the above reasons. This certainly does not bode well with many genuine home buyers in both the private residential and*HDB market.
Though most of the property measures are targeted at the private residential market, overall, rising land prices have collateral effects on the HDB BTO market as well.
Shouldn't the implementation of property measures to curb rising prices be for the majority of Singaporeans to afford and buy a decent home at decent prices?
Or,
Is the removal of the SSD or other property measures meant to protect property speculators, and those with profit interests?
Conservative investors can also help support the vibrancy of a stable property market when investing with decent yields. Apparently, today's yields have been molested by indecent high prices.
*
Moving forward
On the contrary, more cooling measures are needed as prices have not come down to acceptable and reasonable levels.
Removing property curbs are supposed to allow more sellers and buyers to come into the market, but in today's climate where prices are still adamantly high, this only adds fuel to fire.
Historically, property curbs are removed whenever there is a major price correction. This removal and correction will bode well for many genuine buyers and investors.
Property climbs up by the escalator and comes down by the lift. A combination of rising interest rates and increased supply in the market could trigger a correction in 2014-2015, according to Barclays. The bank estimates home prices will fall five percent this year and between five and 15 percent next year and maybe more.
For genuine buyers and investors, my advice to you is be patient and avoid buying with the lemmings, as the next eventual major correction may just be your turn in lieu.
Debt and leverage caused the 2008 global financial crisis and now debt and leverage are greater than at any point in history. History always repeats itself and this will end in tears.
As for the speculators, their turn is soon to be over.
For genuine buyers and investors, my advice to you is be patient and avoid buying with the lemmings, as the next eventual major correction may just be your turn in lieu.
CMs unlikely to be removed so soon
If soft landing as many have hoped for, CMs may even be a permanent feature to allow for gradual appreciation with occasional tweaking.
walkthetiger
16-02-14, 08:10
http://www.propertyguru.com.sg/blog/tag/6-reasons-why-property-curbs-should-not-be-removed
There have been recent calls asking the government to relax some of its property cooling measures as demand for real estate wanes. Mr Getty Goh, director at Ascendant Assets, voiced his view on this, speaking at a Business Outlook Forum recently.
He said the government should consider repealing the Seller's Stamp Duty (SSD) for residential properties introduced in January 2011 because sellers who are keen to dispose of their properties may find themselves tied down by it.
Many people I have met who want you to invest in property don't care two hoots if you make money or not, as long as they profit from your investment. And the same group of people are now calling for property curbs to be removed because of a so-call ‘lacklustre' property market.
Mr Getty Goh is one of the few respected voices I listen to among the many industry players, and therefore I believe he does not fall into the category of those "Please invest in property so WE can get rich" group. His view on relaxing some property rules may be a personal view of his own and not for profit interests.
Here are 6 reasons why property curbs should NOT be removed today - at least till a correction happens.
*
1.****** It's too early
Private home prices registered their first drop in seven quarters in the October-December period, falling 0.8 percent on-quarter. Meanwhile, public housing prices posted their second consecutive quarterly drop, down 1.3 percent - the worst reading in eight years.
Unwinding existing tightening policies for property simply because of a slight drop? This may be too premature and over-doing it as prices in both the private and public housing market are still very much elevated.
For the government to roll back its policies that took four years to have an impact, a major correction has to be warranted. And I believe the government will continue its stand on existing measures till that happens.
*
2.****** The market is not ready psychologically
Market psychology plays a huge part in rising asset prices and Singapore's economy has been resting more and more on asset based inflation supported by cheap liquidity in recent years.
Credit growth and bank financing drive up asset prices, causing lenders and borrowers to believe that even more credit growth is both safe and desirable.
The last four years of rapid property price escalation has been played out - not by real estate or economic fundamentals, but simply because everyone believes in the fallacy of an illusionary demand/supply initiated by the market psychology of lemmings following the crowd.
An even more vicious inflationary cycle will happen - once the government begins to unwind its policies, buyers want to buy, sellers want to sell, banks want to lend, developers see ‘demand' and want to buy more land and build more, government sells and releases more land... the whole cycle will turn on itself.
This will cause more supply in future ...and if there's a correction, the results will be disastrous to the economy.
*
3.******Still plenty of liquidity
Even with the recent FED tapering, the world is still awash with cash and developed-market interest rates are close to zero. Liquidity factors still have the ability to push real estate markets to new highs and to crazy overvaluation.
The dire consequences and outcome of removing the Seller's Stamp Duty (SSD) and other property measures in a bullish real estate market is unthinkable.
*
4.****** Gamblers don't deserve sympathy
On the removal of the Seller's Stamp Duty (SSD), Mr Getty Goh explained that this move would help property owners offload their properties.
He said:*"These owners in the event that they own two or three properties, giving rising interest rates and their inability to do a refinancing because of the Total Debt Servicing Ratio (TDSR), may be compelled to slash their prices to offload their property. This could snowball into a longer term problem when sellers flood the market after the Seller's Stamp Duty expires in four years' time, precipitating a crash in prices."
Should we protect the interest of these property buyers whose finances are not built on solid foundation?
The owners who*buy and sell properties*hoping to make a quick buck in a bullish market, either during a sub-sale or when the property achieves T.O.P, are gaming the property market like a casino. When the Seller's Stamp Duty and other property measures were implemented periodically, they got stuck and hoped for some form of salvaging.
Removal of the SSD by the government will only send a negative message to more speculators that buying and selling especially in a bullish market is the right thing to do.
An analogy to the above:
Should we remove all casinos' regulations to help more gamblers gamble?
Should we extend credit to gamblers to help them recover when they incur bad gambling debts?
Will the casinos in Singapore go ‘under' because a bunch of gamblers lost money?
Professional gamblers understand risks and protect the downsides to prevent losses before they step into a casino. Shrewd property buyers are the same.
The only downside protection ignorant gamblers have is 'buy and pray'. So let them pray for now.
*
5.****** Higher cost of living for most Singaporeans
Removal of property measures at current bullish levels will cause a further spike in land prices (See Reason 2), adding inflation to all asset prices. And this may result in a higher cost of living for most Singaporeans.
*
6.****** Protect genuine home buyers and conservative investors
If the Seller's Stamp Duty (SSD) and other property measures are removed at the current point, property prices may continue to rise given the above reasons. This certainly does not bode well with many genuine home buyers in both the private residential and*HDB market.
Though most of the property measures are targeted at the private residential market, overall, rising land prices have collateral effects on the HDB BTO market as well.
Shouldn't the implementation of property measures to curb rising prices be for the majority of Singaporeans to afford and buy a decent home at decent prices?
Or,
Is the removal of the SSD or other property measures meant to protect property speculators, and those with profit interests?
Conservative investors can also help support the vibrancy of a stable property market when investing with decent yields. Apparently, today's yields have been molested by indecent high prices.
*
Moving forward
On the contrary, more cooling measures are needed as prices have not come down to acceptable and reasonable levels.
Removing property curbs are supposed to allow more sellers and buyers to come into the market, but in today's climate where prices are still adamantly high, this only adds fuel to fire.
Historically, property curbs are removed whenever there is a major price correction. This removal and correction will bode well for many genuine buyers and investors.
Property climbs up by the escalator and comes down by the lift. A combination of rising interest rates and increased supply in the market could trigger a correction in 2014-2015, according to Barclays. The bank estimates home prices will fall five percent this year and between five and 15 percent next year and maybe more.
For genuine buyers and investors, my advice to you is be patient and avoid buying with the lemmings, as the next eventual major correction may just be your turn in lieu.
Debt and leverage caused the 2008 global financial crisis and now debt and leverage are greater than at any point in history. History always repeats itself and this will end in tears.
As for the speculators, their turn is soon to be over.
This is good enough to be post in ST forum... to reach all the coffeeshop people.... a chinese version will be better....
removed when pple losing confident in speculating properties.
then only home buyers will buy for own stay regardless.. whatever
Then, it should be removed now because there is no longer speculation in properties!
Because of all the CMs, Singapore currency is quickly flowing out of Singapore into oversea properties! Not only that, foreigners are not bring money into Singapore!
Did any of you think of the repercussions in this? :beats-me-man:
It could means that Singapore currency will weaken considerably in the long-term, and inflation will spiral upward strongly! :banghead:
And I believe this will happen soon, once US Fed tapering is completed.... And I am betting my MONEY on that! :p
removed when pple losing confident in speculating properties.
then only home buyers will buy for own stay regardless.. whatever
walkthetiger
16-02-14, 10:02
Then, it should be removed now because there is no longer speculation in properties!
Because of all the CMs, Singapore currency is quickly flowing out of Singapore into oversea properties! Not only that, foreigners are not bring money into Singapore!
Did any of you think of the repercussions in this? :beats-me-man:
It could means that Singapore currency will weaken considerably in the long-term, and inflation will spiral upward strongly! :banghead:
And I believe this will happen soon, once US Fed tapering is completed.... And I am betting my MONEY on that! :p
Item no.1 (It's too early) and no.3 (Still plenty of liquidity) should explain well why can't do it now.
If remove any CMs now, and speculators back to market again immediately, then Item no.5 (Higher cost of living for most Singaporeans) should explain well if they lose another/more GRCs in 2016.
If they don't remove some cooling measures, my opinion is they will really lose many more GRCs and SCs in GE-2016 after property market crashed! Remember, >90% of citizens own properties in Singapore! :rolleyes:
Item no.1 (It's too early) and no.3 (Still plenty of liquidity) should explain well why can't do it now.
If remove any CMs now, and speculators back to market again immediately, then Item no.5 (Higher cost of living for most Singaporeans) should explain well if they lose another/more GRCs in 2016.
Really talk nonsense lah!
Singapore should NOT even have CASINO in the first place!
Having CASINO is like encouraging GAMBLING when the law forbids people to gamble in any places, they set law to allow people to GAMBLE at govt-approved gambling dens? :tsk-tsk:
Now, if we go along this line, what's next?
Should we also allow VICES and allow approved PROSTITUTE-DENS despite the fact that prostituting is legally not allowed anywhere else (just like gambling)? :banghead:
http://www.propertyguru.com.sg/blog/tag/6-reasons-why-property-curbs-should-not-be-removed
There have been recent calls asking the government to relax some of its property cooling measures as demand for real estate wanes. Mr Getty Goh, director at Ascendant Assets, voiced his view on this, speaking at a Business Outlook Forum recently.
He said the government should consider repealing the Seller's Stamp Duty (SSD) for residential properties introduced in January 2011 because sellers who are keen to dispose of their properties may find themselves tied down by it.
Many people I have met who want you to invest in property don't care two hoots if you make money or not, as long as they profit from your investment. And the same group of people are now calling for property curbs to be removed because of a so-call ‘lacklustre' property market.
Mr Getty Goh is one of the few respected voices I listen to among the many industry players, and therefore I believe he does not fall into the category of those "Please invest in property so WE can get rich" group. His view on relaxing some property rules may be a personal view of his own and not for profit interests.
Here are 6 reasons why property curbs should NOT be removed today - at least till a correction happens.
*
1.****** It's too early
Private home prices registered their first drop in seven quarters in the October-December period, falling 0.8 percent on-quarter. Meanwhile, public housing prices posted their second consecutive quarterly drop, down 1.3 percent - the worst reading in eight years.
Unwinding existing tightening policies for property simply because of a slight drop? This may be too premature and over-doing it as prices in both the private and public housing market are still very much elevated.
For the government to roll back its policies that took four years to have an impact, a major correction has to be warranted. And I believe the government will continue its stand on existing measures till that happens.
*
2.****** The market is not ready psychologically
Market psychology plays a huge part in rising asset prices and Singapore's economy has been resting more and more on asset based inflation supported by cheap liquidity in recent years.
Credit growth and bank financing drive up asset prices, causing lenders and borrowers to believe that even more credit growth is both safe and desirable.
The last four years of rapid property price escalation has been played out - not by real estate or economic fundamentals, but simply because everyone believes in the fallacy of an illusionary demand/supply initiated by the market psychology of lemmings following the crowd.
An even more vicious inflationary cycle will happen - once the government begins to unwind its policies, buyers want to buy, sellers want to sell, banks want to lend, developers see ‘demand' and want to buy more land and build more, government sells and releases more land... the whole cycle will turn on itself.
This will cause more supply in future ...and if there's a correction, the results will be disastrous to the economy.
*
3.******Still plenty of liquidity
Even with the recent FED tapering, the world is still awash with cash and developed-market interest rates are close to zero. Liquidity factors still have the ability to push real estate markets to new highs and to crazy overvaluation.
The dire consequences and outcome of removing the Seller's Stamp Duty (SSD) and other property measures in a bullish real estate market is unthinkable.
*
4.****** Gamblers don't deserve sympathy
On the removal of the Seller's Stamp Duty (SSD), Mr Getty Goh explained that this move would help property owners offload their properties.
He said:*"These owners in the event that they own two or three properties, giving rising interest rates and their inability to do a refinancing because of the Total Debt Servicing Ratio (TDSR), may be compelled to slash their prices to offload their property. This could snowball into a longer term problem when sellers flood the market after the Seller's Stamp Duty expires in four years' time, precipitating a crash in prices."
Should we protect the interest of these property buyers whose finances are not built on solid foundation?
The owners who*buy and sell properties*hoping to make a quick buck in a bullish market, either during a sub-sale or when the property achieves T.O.P, are gaming the property market like a casino. When the Seller's Stamp Duty and other property measures were implemented periodically, they got stuck and hoped for some form of salvaging.
Removal of the SSD by the government will only send a negative message to more speculators that buying and selling especially in a bullish market is the right thing to do.
An analogy to the above:
Should we remove all casinos' regulations to help more gamblers gamble?
Should we extend credit to gamblers to help them recover when they incur bad gambling debts?
Will the casinos in Singapore go ‘under' because a bunch of gamblers lost money?
Professional gamblers understand risks and protect the downsides to prevent losses before they step into a casino. Shrewd property buyers are the same.
The only downside protection ignorant gamblers have is 'buy and pray'. So let them pray for now.
*
5.****** Higher cost of living for most Singaporeans
Removal of property measures at current bullish levels will cause a further spike in land prices (See Reason 2), adding inflation to all asset prices. And this may result in a higher cost of living for most Singaporeans.
*
6.****** Protect genuine home buyers and conservative investors
If the Seller's Stamp Duty (SSD) and other property measures are removed at the current point, property prices may continue to rise given the above reasons. This certainly does not bode well with many genuine home buyers in both the private residential and*HDB market.
Though most of the property measures are targeted at the private residential market, overall, rising land prices have collateral effects on the HDB BTO market as well.
Shouldn't the implementation of property measures to curb rising prices be for the majority of Singaporeans to afford and buy a decent home at decent prices?
Or,
Is the removal of the SSD or other property measures meant to protect property speculators, and those with profit interests?
Conservative investors can also help support the vibrancy of a stable property market when investing with decent yields. Apparently, today's yields have been molested by indecent high prices.
*
Moving forward
On the contrary, more cooling measures are needed as prices have not come down to acceptable and reasonable levels.
Removing property curbs are supposed to allow more sellers and buyers to come into the market, but in today's climate where prices are still adamantly high, this only adds fuel to fire.
Historically, property curbs are removed whenever there is a major price correction. This removal and correction will bode well for many genuine buyers and investors.
Property climbs up by the escalator and comes down by the lift. A combination of rising interest rates and increased supply in the market could trigger a correction in 2014-2015, according to Barclays. The bank estimates home prices will fall five percent this year and between five and 15 percent next year and maybe more.
For genuine buyers and investors, my advice to you is be patient and avoid buying with the lemmings, as the next eventual major correction may just be your turn in lieu.
Debt and leverage caused the 2008 global financial crisis and now debt and leverage are greater than at any point in history. History always repeats itself and this will end in tears.
As for the speculators, their turn is soon to be over.
walkthetiger
16-02-14, 10:25
Really talk nonsense lah!
Singapore should NOT even have CASINO in the first place!
Having CASINO is like encouraging GAMBLING when the law forbids people to gamble in any places, they set law to allow people to GAMBLE at govt-approved gambling dens? :tsk-tsk:
Now, if we go along this line, what's next?
Should we also allow VICES and allow approved PROSTITUTE-DENS despite the fact that prostituting is legally not allowed anywhere else (just like gambling)? :banghead:
Agree with you on this, I am totally against Casino.
Really talk nonsense lah!
Singapore should NOT even have CASINO in the first place!
Having CASINO is like encouraging GAMBLING when the law forbids people to gamble in any places, they set law to allow people to GAMBLE at govt-approved gambling dens? :tsk-tsk:
(REALLY???? TURF CLUB LEH??? U conveniently dont mention it? 4D counters not gambling? betting on football not gambling?)
Now, if we go along this line, what's next?
Should we also allow VICES and allow approved PROSTITUTE-DENS despite the fact that prostituting is legally not allowed anywhere else (just like gambling)? :banghead:
talk cock again. u mean no casino no one gamble? People go cruise gamble, go genting go under ground gamble go turf club go Q 4D wack every day n gamble horse. So talk cock. that only when casino come people gamble.
u mean u never heard of geylang? ITs been there all along and its legal. U mean u just crawl out of ur hole and donno where is geylang? take that away u have pent up old man like u donno where to go tao! and commit more crime.
Casino have self exclusion. ur malaysia or cruise casino have a not? ur underground den have a not?
if people want to gamble want to call prostitute they have it here or not dont matter they will just take a bus across the cross way or go take a cruise.
So dont say until like Casino is the root cause. if the people is weak then its the people weak morals. and poor quality.
And the IR are not just casino. its a IR. with hotels , convention and malls. it creates JOBs!!!! :doh::doh::doh::doh::doh:
Don't talk cock lah. We all know here you are TALK biggest COCK here, which as usual doesn't make any COCK sense!
You say Got people gamble so need CASINO here, and can legalize it for govt-approved GAMBLING dens?
If can gamble, why law say only can gamble at govt-approved GAMBLING dens and no where else?
Based on your logic, also got many people call prostitute, so why not just legalize it for govt-approved VICE-dens?
If can call prostitute, why don't just legalize and allow prostituting formally like GAMBLING?
Got people have mistresses, which is no difference from more than 1 wife, so why not might as well just legalize having more than 1 wife? Anyway, the muslims also can right?
All the above, as you said, if you don't legalize people also can also do, why not just legalize all of them? What say you?! :doh::doh:
As to your statement:
"And the IR are not just casino. its a IR. with hotels , convention and malls. it creates JOBs!!!!"
you already slapped yourself in the face!
IR can do WITHOUT CASINO!
So only have CASINO then can create JOBs?! The rest doesn't cannot create JOBs?! :samurai-killa:
talk cock again. u mean no casino no one gamble? People go cruise gamble, go genting go under ground gamble go turf club go Q 4D wack every day n gamble horse. So talk cock. that only when casino come people gamble.
u mean u never heard of geylang? ITs been there all along and its legal. U mean u just crawl out of ur hole and donno where is geylang? take that away u have pent up old man like u donno where to go tao! and commit more crime.
Casino have self exclusion. ur malaysia or cruise casino have a not? ur underground den have a not?
if people want to gamble want to call prostitute they have it here or not dont matter they will just take a bus across the cross way or go take a cruise.
So dont say until like Casino is the root cause. if the people is weak then its the people weak morals. and poor quality.
And the IR are not just casino. its a IR. with hotels , convention and malls. it creates JOBs!!!! :doh::doh::doh::doh::doh:
Don't talk cock lah. We all know here you are TALK biggest COCK here, which as usual doesn't make any COCK sense!
You say Got people gamble so need CASINO here, and can legalize it for govt-approved GAMBLING dens?
If can gamble, why law say only can gamble at govt-approved GAMBLING dens and no where else?
Based on your logic, also got many people call prostitute, so why not just legalize it for govt-approved VICE-dens?
If can call prostitute, why don't just legalize and allow prostituting formally like GAMBLING?
Got people have mistresses, which is no difference from more than 1 wife, so why not might as well just legalize having more than 1 wife? Anyway, the muslims also can right?
All the above, as you said, if you don't legalize people also can also do, why not just legalize all of them? What say you?! :doh::doh:
As to your statement:
"And the IR are not just casino. its a IR. with hotels , convention and malls. it creates JOBs!!!!"
you already slapped yourself in the face!
IR can do WITHOUT CASINO!
So only have CASINO then can create JOBs?! The rest doesn't cannot create JOBs?! :samurai-killa:
Wah Cock talking so big.
u mean u never heard of geylang? Aint that regulated?
Wat cock you taking? people have mistress is the precise reason they dont want a 2nd wife!!!!!!!!!
IR with the casino is package. Without the casino the IR invstors wont be here. :doh::doh::doh: Yes without the IR u cannot create the pull thorugh jobs that are needed to impact the economy.!
Well said!
talk cock again. u mean no casino no one gamble? People go cruise gamble, go genting go under ground gamble go turf club go Q 4D wack every day n gamble horse. So talk cock. that only when casino come people gamble.
u mean u never heard of geylang? ITs been there all along and its legal. U mean u just crawl out of ur hole and donno where is geylang? take that away u have pent up old man like u donno where to go tao! and commit more crime.
Casino have self exclusion. ur malaysia or cruise casino have a not? ur underground den have a not?
if people want to gamble want to call prostitute they have it here or not dont matter they will just take a bus across the cross way or go take a cruise.
So dont say until like Casino is the root cause. if the people is weak then its the people weak morals. and poor quality.
And the IR are not just casino. its a IR. with hotels , convention and malls. it creates JOBs!!!! :doh::doh::doh::doh::doh:
You tell US, is prostitution legal in LAW in Singapore (despite all about Geylang)? :doh:
Now now, as you said, every one heard about Geylang.
Since you said must have casino then can attract people and create jobs, and can't legalize gambling anywhere else so that people can only GAMBLE at LEGAL GAMBLING DENs,
So I am suggesting that if that is the case, based on your logics and reasoning,
since Prostitution is also a big draw, like gambling(!),
might as well set up LEGAL PROSTITUTE DENs and illegalize prostitution everywhere else! This way, govt can create jobs legally and plug the loopholes in illegal prostitution and tax losses and also reduce spreading of Aids and other sexual diseases! We can also shift prostitution to only 1 concentrated location and we will not hear and see prostitutes every where else which is bad for the image of Singapore! :tongue1:
Oh yes, might just as well just locate the PROSTITUTION DENs beside the CASINOs! As well know, people who like to gamble and after a big WINNING will like to go to eat, drink, and go visit prostitutes (Chinese saying: 吃，喝，嫖，赌 - Singapore will break record and make NAME for itself as the only place that cater for all 4 "hobbies" under 1 roof)! :banana:
Wah Cock talking so big.
u mean u never heard of geylang? Aint that regulated?
Wat cock you taking? people have mistress is the precise reason they dont want a 2nd wife!!!!!!!!!
IR with the casino is package. Without the casino the IR invstors wont be here. :doh::doh::doh: Yes without the IR u cannot create the pull thorugh jobs that are needed to impact the economy.!
You tell US, is prostitution legal in LAW in Singapore (despite all about Geylang)? :doh:
Now now, as you said, every one heard about Geylang.
Since you said must have casino then can attract people and create jobs, and can't legalize gambling anywhere else so that people can only GAMBLE at LEGAL GAMBLING DENs,
So I am suggesting that if that is the case, based on your logics and reasoning,
since Prostitution is also a big draw, like gambling(!),
might as well set up LEGAL PROSTITUTE DENs and illegalize prostitution everywhere else! This way, govt can create jobs legally and plug the loopholes in illegal prostitution and tax losses and also reduce spreading of Aids and other sexual diseases! We can also shift prostitution to only 1 concentrated location and we will not hear and see prostitutes every where else which is bad for the image of Singapore! :tongue1:
Oh yes, might just as well just locate the PROSTITUTION DENs beside the CASINOs! As well know, people who like to gamble and after a big WINNING will like to go to eat, drink, and go visit prostitutes (Chinese saying: 吃，喝，嫖，赌 - Singapore will break record and make NAME for itself as the only place that cater for all 4 "hobbies" under 1 roof)! :banana:
Wah!!1 Big Bird really Big Bird.
YES PROSTIUTION IS NOT ILLEGAL!
These are some vices that are controlled in location to keep them from going all underground. becoz its there must make it all legal?
U are the joker that say people come here for prostitution. I am not the one who say it. u Are. so wat cock u saying? u are contraDICKing yourself!
u jolly well know the casino was a part of the package of having the rest of the IR in singapore. Legalizing the so call vice in ur argument bring what value to the country?
LET ME REITERIATE so can understand. without casino already people gamble or visit vice. ur argument is becoz of casino then we have it in singapore is plain naive. If the morals of the people is weak they will find the vice.
Complain so much go stay in Brunei lor. Every thing also don't have. don't complain boring , no life, no choices , not much economy and no entertainment. no one stop you from going there!!!!
Whine whine whine. c mi also whine. Xenophobic joker.
Tell us, Singapore law which chapter which section states that Prostitution is legal? :doh:
On the other hand, GAMBLING in CASINO is legal (in Singapore LAW) NOW!
GAMBLING is 1 of the biggest ills, just like PROSTITUTION!
If GAMBLING is officially allowed under Singapore Law, then what is stopping PROSTITUTION from being officially allowed? You now want to claim and act noble? :rolleyes:
Wah!!1 Big Bird really Big Bird.
YES PROSTIUTION IS NOT ILLEGAL!
These are some vices that are controlled in location to keep them from going all underground. becoz its there must make it all legal?
U are the joker that say people come here for prostitution. I am not the one who say it. u Are. so wat cock u saying? u are contraDICKing yourself!
u jolly well know the casino was a part of the package of having the rest of the IR in singapore. Legalizing the so call vice in ur argument bring what value to the country?
LET ME REITERIATE so can understand. without casino already people gamble or visit vice. ur argument is becoz of casino then we have it in singapore is plain naive. If the morals of the people is weak they will find the vice.
Complain so much go stay in Brunei lor. Every thing also don't have. don't complain boring , no life, no choices , not much economy and no entertainment. no one stop you from going there!!!!
Whine whine whine. c mi also whine. Xenophobic joker.
Tell us, Singapore law which chapter which section states that Prostitution is legal? :doh:
On the other hand, GAMBLING in CASINO is legal (in Singapore LAW) NOW!
GAMBLING is 1 of the biggest ills, just like PROSTITUTION!
If GAMBLING is officially allowed under Singapore Law, then what is stopping PROSTITUTION from being officially allowed? You now want to claim and act noble? :rolleyes:
Show me which law say prostitution is NOT illegal? :banghead::banghead::banghead:
NAH!
:doh::doh::doh:
http://en.wikipedia.org/wiki/Prostitution_in_Singapore
How smart are u? never heard of 4D? singapore lottery? Singapore pools? WAh! which hole u hiding? Casino came with the resort ! thats only the last 5 yrs!!!! Geylang and 4D and Singapore pools have been around even longer than that!!!!!!!!!!!!!!!!!!!!!!!!! where have u been the last 40+yrs!!!!!!!!
Are u even local in singapore? I wonder!!!!!
In Singapore, when there is U-turn sign, you cannot U-turn!
Similarly, Singapore law never say prostitution is legal! In fact, although prostitution is NOT legally allowed in law, but they are just closing 1 eye to avoid driving the trade underground! For that very reason, they only implement very strict laws on people who try to help in mass and more wide-spread marketing of prostitution, hoping to rein-in prostitution!
On the other hand, GAMBLING in Govt approved GAMBLING DENs is legal (enshrined in Singapore law)!
Do we have law stating that PROSTITUTION is legal with string attached (just like gambling in CASINO)? NO, A BIG NO!
Whatever you posted wikipedia or whatever are just misconceptions by people not well-versed in Singapore law! :doh:
Show me which law say prostitution is NOT illegal? :banghead::banghead::banghead:
NAH!
:doh::doh::doh:
http://en.wikipedia.org/wiki/Prostitution_in_Singapore
How smart are u? never heard of 4D? singapore lottery? Singapore pools? WAh! which hole u hiding? Casino came with the resort ! thats only the last 5 yrs!!!! Geylang and 4D and Singapore pools have been around even longer than that!!!!!!!!!!!!!!!!!!!!!!!!! where have u been the last 40+yrs!!!!!!!!
Are u even local in singapore? I wonder!!!!!
In Singapore, when there is U-turn sign, you cannot U-turn!
Similarly, Singapore law never say prostitution is legal! In fact, although prostitution is NOT legally allowed in law, but they are just closing 1 eye to avoid driving the trade underground! For that very reason, they only implement very strict laws on people who try to help in mass and more wide-spread marketing of prostitution, hoping to rein-in prostitution!
On the other hand, GAMBLING in Govt approved GAMBLING DENs is legal (enshrined in Singapore law)!
Do we have law stating that PROSTITUTION is legal with string attached (just like gambling in CASINO)? NO, A BIG NO!
Whatever you posted wikipedia or whatever are just misconceptions by people not well-versed in Singapore law! :doh:
Show me a law that say its NOT illegal. I challenge u. Now u want to siam say U Turn sign? U need hand sign a not?
:banghead::banghead::banghead:
u know ur argument is weak. bloody weak.
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