Tharman going after high end properties investor /owner

Tharman going after high end properties investor /owner

In the scheme of things, 5k increase is small change to these households. I dun mind paying such taxes if I could afford those properties! Quote: Originally Posted by phantom_opera As expected ... CM7.5 .. landed property gets bashing (saving to lower end means??) DPM Tharman: Top 1% (12,000) of owner-occupied residential properties will have higher taxes. However, 950k lower-end units will have savings. Eg: A landed property in central area with annual value of $150,000 will see an increase in property tax of $5,120 per year. investment property tax is even worse !!! New marginal property tax rates of 12% to 20% for investment properties

Full article: http://forums.condosingapore.com/showthread.php?p=372452#...