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Thread: Property Gain Tax & Property Price

  1. #1
    Junior

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    Default Property Gain Tax & Property Price

    I know we are not paying ppty gain tax now except SSD. Can someone bring back the history of ppty gain tax and maybe speculate what will be the impact on property price if the government introduce property gain tax?

  2. #2
    Newbie

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    Default Little impact

    I think v little impact. previously the mkt was about to crash and this was just an excuse.

    Frankly I think the curbs like 70% loan is much more strong compared with capital gains tax. Why is paying tax such a big deal. Only if you make money right. and the tax rate here is so low.

  3. #3
    Junior

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    Minimal impact 60% financing for second home or homes above a certain absolute quantum (e.g. HK only 60% financing for home >$2.5 million) will have a greater impact.

  4. #4
    CCR Only

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    If I know I will get tax, I will sell even higher to recover the tax... So back to square one...
    Same like the 3yrs SD... If i sell before 3 yrs, just add it into your selling price... Property price up again...

  5. #5
    Junior

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    Quote Originally Posted by Wild Falcon
    Minimal impact 60% financing for second home or homes above a certain absolute quantum (e.g. HK only 60% financing for home >$2.5 million) will have a greater impact.
    It's the lower valued properties (eg MMs and suburban units) that are running high.... the 60% financing should be across the board for 2nd homes. Actually, they should also increase the quantum for 1st non HDB homes to 70% to have more impact.

  6. #6
    Newbie

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    Singapore Government not dumb one. They know if they put in too many measures and prices fall, they will suffer at GE. Would they rather lose that less than 10% of people looking for houses or 80% of people who has a house?

  7. #7
    Junior

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    Yes true, but property gain tax is a psychological thing, usually when people hear that, it is like a deterrent measure to invest.

    The price now is at all time high, what if the government introduce it, would this add salt and trigger? scare!!

    Hopefully the government will not trigger any drastic actions with the lakefront launch.


    Quote Originally Posted by Localite
    I think v little impact. previously the mkt was about to crash and this was just an excuse.

    Frankly I think the curbs like 70% loan is much more strong compared with capital gains tax. Why is paying tax such a big deal. Only if you make money right. and the tax rate here is so low.

  8. #8
    Senior

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    Hotspots are forming all over singapore. Yishun - Bedok - Seletar and now Jurong west. What's next?

  9. #9
    Go for Smallest Unit

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    Quote Originally Posted by Squall8888
    Singapore Government not dumb one. They know if they put in too many measures and prices fall, they will suffer at GE. they rather lose that lesser than 10% of people looking for houses or 80% of people who has a house?
    That,s why u have to buy the smallest unit. Cannot cut price can cut size. Buy now for staying cannot be wrong

  10. #10
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    Lim Chu Kang?
    Ubin?
    Tekong?

    Quote Originally Posted by DC33_2008
    Hotspots are forming all over singapore. Yishun - Bedok - Seletar and now Jurong west. What's next?

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