Right, not everybody who stayed in a pte condo or apartment are rich. It could be that they have used up all their life saving to purchase the pte ppty for investment purpose so that when they retire, at least they still have a ppty to collect rental to support their daily life unless our country is like USA, don't need to work, still have money to take. So increasing of the ppty tax will add another burden to this group of people.
A lots of peoples seems to overlook this point, they think that since you can afford to stay in a pte ppty means that you are rich and that's why lots of rebates only given to those who stayed in HDB (eg water & electricity). Just like this year additional medisave, I think it was based on the yearly income. Actually, they should look at our
MONTHLY INCOME and
NOT YEARLY INCOME because yearly income includes bonus, commission, allowances, overtime etc which are all depends on the company & personal performance for that year.
Medication is very important in our life, once a person is seriously ill and need to be hospitalised, his performance will definitely drop, worst still, he might even lost his job, so is it that this person has to sell off his pte properties and used up all his money before he can get subsidy from the govt. I heard that staying in which class of ward will depends on your house, if you stay in a pte ppty, you cannot stay in Class C, is it true? We always tell ourselves, can die but cannot fall sick because medication is so expensive.
I have known someone who stayed in a 3 room HDB flat in central, then shifted to a 5 room HDB flat (central also), recently, she wants to upgrade, so she shifted to a
$2m apartment just because she said she is so used to staying in the central. AND her family has 2 cars, one BMW and the other is Toyota xxx. So what does this tells?