- Joined
- Nov 18, 2012
- Messages
- 111
- Points
- 0
http://sg.news.yahoo.com/budget-2013-property-implications-095246524--sector.htmlBudget 2013: Property Implications
By Romesh Navaratnarajah:Latest News:
In his Budget 2013 speech, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said that Singapore faces pressing challenges in housing and transport and the government will spare no effort in resolving these issues.
Housing costs will look to be reduced relative to the income of young Singaporeans. According to the Minister, major steps have already been made to cool the property market.
"We've also ramped up supply of HDB flats for first-timers," he added.
Meanwhile, property taxes for residential properties will be increased.
Mr Shanmugaratnam said: "Those who live in the more expensive homes should pay higher taxes."
In addition to the zero percent, four percent and six percent tax rates, new rates of between eight to 16 percent will be introduced.
Tharman said: "Those who live in the more expensive homes should pay higher taxes".
Listen Tharman, we're not interested in whether more expensive homes should pay higher taxes, BUT why the less expensive homes did not have their tax reduced!
So, Tharman is a snake or a saint. You be the judge.