Discussion : Singapore Property

[dennistwc]

what next??

"GST" is coming to town...

[toffeesthings]

How 'soft' is this one-off rebate when we need to pay property taxes every year.
It's like getting stabbed with a knife everyday but we're given only 1 plaster to stop the bleeding.

[feilong108]

true...everything that is taxable are going up....except for salary and bonus...

[exxondus]

WTF!

I tht gahmen already releasing more land next year to reduce the hike in prices for property?

How come at the same time increase tax?

Maybe this is to recuperate the 2b loss that HDB reported? (and also the credits offset in a way bah)

sigh...when will my salary go up?

So what had risen thus far?

1) PUB (electricity and gas)
2) Property tax
3) ??

sigh....................

[wolfeyes1974]

think a consipracy lah...garmen heck care speculation so that they can collect higher taxes...

maybe garmen recouping the $$ for Jobs Credits given out?

[seiko.citizen]

dont worry, Oz has the same problem. stamp duty + capital gains all up

[louisoh]

Property tax to go up due to increase in home prices..

Whats next?



IMPACT ON OWNERS
In line with the rally in home prices, the taxman is revising upwards the value of Housing Board (HDB) homes. --ST PHOTO: DESMOND WEE

HOMEOWNERS: be prepared to pay higher property taxes next year.

In line with the rally in home prices, the taxman is revising upwards the value of Housing Board (HDB) homes.

The Inland Revenue Authority of Singapore (Iras) announced on Wednesday that the annual values (AV) of all types of HDB flats will be raised with effect from Jan 1.

This will mean a hike in property taxes for 2010.

The property tax rate in Singapore is currently set at 10 per cent of a property's AV, although owner- occupied residential properties enjoy a concessionary 4 per cent tax rate.

To soften the impact, a one-off rebate is being introduced to help HDB homeowners adjust to the increase.

[ahwoon]

oh, nothing much. just like what was being written in previous pages of this thread that lots of TOPs coming up and pockets of owners not able to cough up 20% of the price so may kena forced to sell. well, it's a mere speculation from what I heard this info from. prob just rumours.

many ppl told me to hold till TOP. But recently went to view the metropolitan, the asking price during TOP is actually highest, asking at 1.1-1.2K per sqf. I'm shall wait and see if this is purely speculation.

[jazz_samz]

well... around Mar-Apr, some projects around west coast was around 600+ psf for min 999yr old, when I was shopping around May and June, these projects were approaching TOP.. it was around 750+psf.. Bloody ridiculous......

It seems that the market is pretty resilient... but we never know...

Now shelf my plans till Q3 see how....

Alittle regret that I did not take any action in Mar period... BUT will wait and see how now......

[116520]

Singapore got 5 million people already... so "no worries" ....

oh TOPs okok..does make sense tho

but i think might be for those higher end condos bah?

[exxondus]

oh TOPs okok..does make sense tho

but i think might be for those higher end condos bah?

[feudallordcult]

oh, whats gg to happen again in the fourth quarter? sounds bad

oh, nothing much. just like what was being written in previous pages of this thread that lots of TOPs coming up and pockets of owners not able to cough up 20% of the price so may kena forced to sell. well, it's a mere speculation from what I heard this info from. prob just rumours.

[exxondus]

hi ahwoon. thanks for bring this thread up.

i'm actually contemplating buying a condo in CCK but was strongly advised to hold back until the final quarter of this yr. come end 2009, the economy is apparently set to dive "south" again.

oh, whats gg to happen again in the fourth quarter? sounds bad

[feudallordcult]

hi ahwoon. thanks for bring this thread up.

i'm actually contemplating buying a condo in CCK but was strongly advised to hold back until the final quarter of this yr. come end 2009, the economy is apparently set to dive "south" again.

[ahwoon]

Time flies...It has been 4 mths since the last post. Is there any new launch that worth looking at?

There's a new project near my house, the Ascentia Sky @ Alexandra Road. Heard pricing > 1k/sqf, no small unit, all above 1k sqf, so min cost will be like a mil.