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Thread: Do you like your property value to goes up while you have no plan to move.....

  1. #1
    I am new here...

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    Default 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?
    Daft, Dafter, Dafterest!!!!

  2. #2
    Newbie

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    Quote Originally Posted by westman
    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?
    IMO, own stay concession rate (which you need to apply for) is still reasonable unless the value of your properties is worth hell lot of money.

  3. #3
    Singapore = $ingapore

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    whatever it is... longterm stay or shortterm stay.....
    your owned property price go up, feel shiok mah....
    everyone remain happy, yes ?

  4. #4
    Junior

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    Quote Originally Posted by westman
    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?
    yes, our valuation has been raised by more than 10%.

  5. #5
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    Quote Originally Posted by stalingrad
    yes, our valuation has been raised by more than 10%.
    likewise property tax...
    If no plan to move, price up also no use... later kena price correction, everything back to square yet we have already paid up those taxes...

    Unless profit take else value high means nothing.... agree?
    Daft, Dafter, Dafterest!!!!

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