Do you like your property value to goes up while you have no plan to move.....
Was discussing about property tax while having lunch today with a few colleagues of mine who stay in private condo and most of them own only 1 property and they do not expect to move in near term.
Apparently, most of them received their property revalued upward by IRA around Feb/Mar, right after garment announced this year budget.
Conclusion by this group of kakis: With property price at all time high and coupled with high rental market thus resulting in hiking in property tax, it seem like counter-benefit to those own-stay private condo owners now unless they exit private condo and downgrade to HDB.
What your take on this?