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Summary
Phil’s postcard from Marina Bay Sands, Singapore. 95% of Singapore’s land is available only for 99-year leases, preventing land speculative price capitalization. This ensures no idle land, no windfall gains, and the government (via Temasek SWF) can distribute funds in times of trouble. Singapore is planning to ensure all residents live within 500 meters of an MRT station. Government sets aside plots near MRT stations for new homes. China’s luxury hotel boom is noted — not reported in Western media.
Key Claims
- 95% of Singapore’s land is on 99-year leases — earnings go to the community not private speculators. — confidence: high
- Singapore guarantees all residents will live within 500 meters of an MRT station. — confidence: high
- Singapore’s land system prevents the violent real estate cycle swings seen in English-speaking countries. — confidence: high
- China’s luxury hotel boom is underreported in the Western press. — confidence: high