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Property Cooling Measures
Posted: Mon Jan 14, 2013 2:05 pm
by WeiHan
I applaud the government's latest property cooling measures.
However, I think capital gain tax for trading properties can be considered since many people make a fortune in property transaction and I don't see real values creation by doing that. It is better than taxing people who make a fortune but really put in alot of effort, skills and talent.
Re: Property Cooling Measures
Posted: Mon Jan 14, 2013 5:22 pm
by cherrygal
I don't know about applauding but guess these measures are really aimed at helping those who need a first home. But for citizens who aspire to own 2 properties, this has become a big obstacle at least on the onset. DH baulked at having to pay the govt an extra 7% for nothing but for those who really must buy a 2nd property, try to think long-term in terms of capital appreciation instead. God knows when these "temporary" measures will change.
Re: Property Cooling Measures
Posted: Mon Jan 14, 2013 5:26 pm
by Mawar
With the sky high COE and spinoff from property tax, the country's coffers must register a higher surplus. Will it trickle down to the common folks?
Re: Property Cooling Measures
Posted: Mon Jan 14, 2013 5:36 pm
by WeiHan
The measures not only help first time buyers but is a pre-emptive measure to shield people from over stretching themselves at the speculative side. What if interest rate starts tickling up? Those that are maximally strectched will be affected and then....the bubble will burst and everybody will get it, even those that have not benefitted and participate in the easy money making.
Re: Property Cooling Measures
Posted: Wed Jan 16, 2013 1:39 am
by Harlequin
Garang! I Like! Altough I am bleeding.
This is by far the most garang measures, but it's protecting and preserving the sanity of those people that are losing their heads.
Seletar Hill 5000 sft bungalow asking for $20m?! Sheer madness!
After all, this is one gov that's still working, OT...
Re: Property Cooling Measures
Posted: Wed Jan 16, 2013 1:55 am
by Harlequin
One public listing property developer company is trying to privatize it... the massive holding of their unsold properties' payable taxes and duty really bei tahan to bear, due to their non-Singaporean stock holders' demographic; it's cheaper to privatize it.
It is already a tell tale signs before the cooling measure.
Re: Property Cooling Measures
Posted: Wed Jan 16, 2013 11:54 pm
by 3Boys
Harlequin wrote:One public listing property developer company is trying to privatize it... the massive holding of their unsold properties' payable taxes and duty really bei tahan to bear, due to their non-Singaporean stock holders' demographic; it's cheaper to privatize it.
It is already a tell tale signs before the cooling measure.
Interesting take.