In Singapore, a constitutional amendment made in 2016 allows for a presidential election to be reserved for an ethnic community if no one from that community had been president for the previous five presidential terms. This is called a “hiatus-triggered model”. The amendment also states that there will be at least one Chinese, one Malay, and one president who is either Indian or “other minority” within the course of six presidential terms, provided qualified candidates appear.
Now, am I correct to say that I believe some countries are not subject to that “Foreigners” rates? Or, did that go away for all countries now? Before, I believe the US (and some other countries) were exempt.
LHL announces policies to deal with the “expensive” BTO flats in matured estates. This flats are that one that give the impression of expensive HDBs… Singaporeans are buying them because is like winning a lottery ticket… buy from HDB at $700k, sell for over $1M.
In general, Singaporeans are poor and stay in HDBs. Foreigners and PRs are richer than Singaporeans, stay in landed properties and luxury private condos. I presume the Wealth Report exclude foreigners and PRs staying in Singapore.
Yup, my wife’s fav nephew and niece are under consideration for some of my dough when I depart to the next neighborhood (hopefully more Bel Air than Hunters’s Point). LOL
