We tend to think of ownership as in absolute owning of an asset for indefinite time. For a lot of things in Singapore you can ownership (i.e. own it) in that sense, but after sone time you have either to return it or stop using (rendering it useless). This applies to assets like homes, cars, etc.
If it’s not feasible to enforce those policies, government just imposes hefty tax on assets, ensuring you extract (or contribute) sufficient added value from asset.
We tend to think of ownership as in absolute owning of an asset for indefinite time. For a lot of things in Singapore you can ownership (i.e. own it) in that sense, but after sone time you have either to return it or stop using (rendering it useless). This applies to assets like homes, cars, etc.
If it’s not feasible to enforce those policies, government just imposes hefty tax on assets, ensuring you extract (or contribute) sufficient added value from asset.