It is not enough for you to understand that the property tax has been increased because your property value has gone up due to our govt's inability to cool the current property bubble. You have to understand that the increase is actually done for your own good and this increase is made to help you!
According to Minister Lui, the hike of property tax next year is to prevent a bigger hike later "should home prices continue to rise". How does he know that home prices will continue to rise? It will only keep rising if the HDB does not keep up with supply so is that the govt game plan?
So all of us should go to our boss to ask for a pay hike to help our company. Please hike our pay now to avoid a bigger hike next year should the economy get stronger.
Hiked to avoid bigger rise[Link]
THE property tax of HDB flats is being raised next year partly to avoid having to introduce a bigger increase later should home prices continue to rise, said Acting Minister for Information, Communications and the Arts Lui Tuck Yew.
He gave the reason on Sunday when he was asked, at a dialogue with Aljunied-Hougang residents, whether the Government could have delayed it since the recession has just started to ease