IN spite of sky-rocketing property prices, I, being an owner and occupier of a flat, have not benefited in any way.
On the contrary, like other owner/occupiers and the community at large, I have suffered heavily in financial terms from the spiralling cost of living as a consequence of high inflation, an inflation generated by the property market upheaval.
Therefore, the problem should not just be viewed from one perspective. Focus should be centred on the effect rather than the cause. Everyone is feeling the pinch as a consequence of the high cost of living, which has led to an erosion of the standard of living.
This has brought about feelings of discontent and that discontent could undermine the stability of society.
This unreasonable and unacceptable situation has been brought about by some very unethical and deceptive practices.
As pointed out by Legislators and other community leaders - the development of land has been delayed; the marketing of completed buildings is staggered, and the sale of flat units is withheld and restricted to ''Internal Sales''.