HDB is meant for residential purpose, not speculation. The purpose of letting PR buy HDB is for them to make Singapore a home. If PRs abuse their privilege as PRs to use HDB as a vehicle to make speculative profits, capital gains tax should be imposed heavily on them since HDBs are subsidised housing.
I would like to suggest to PAP to impose hefty capital gains taxes on PRs who sell HDBs.
In the past, I even know of PRs who left Singapore for home but use HDB to earn rental income, then sell HDB for a good profit. This is ok if they are investing in private property. However, this is not ok for HDBs as HDBs are built with subsidised taxpayers' money.
I repeat. Impose hefty capital gains taxes on PRs who sell HDBs.
I would like to suggest to PAP to impose hefty capital gains taxes on PRs who sell HDBs.
In the past, I even know of PRs who left Singapore for home but use HDB to earn rental income, then sell HDB for a good profit. This is ok if they are investing in private property. However, this is not ok for HDBs as HDBs are built with subsidised taxpayers' money.
I repeat. Impose hefty capital gains taxes on PRs who sell HDBs.