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“Anyone who has played Monopoly knows the game changes once a player owns several properties.” Drawing on the board game, Bishan-Toa Payoh GRC MP Elysa Chen pro…
“Anyone who has played Monopoly knows the game changes once a player owns several properties.”
Drawing on the board game, Bishan-Toa Payoh GRC MP Elysa Chen proposed higher taxes on owners of multiple investment properties in parliament on Tuesday (Oct 6).
Noting that young couples looking for a home are not competing on equal terms with investors who already own multiple properties, she proposed progressively higher rental income tax rates from the second investment property onwards. Owner-occupied homes and a person’s first investment property would continue to enjoy existing concessionary property tax rates, Ms Chen said. #singapore #sgnews
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16 Comments
@@miklee4834Imported1mo ago
Will pap tax criminal prc home offices? They are buying prime real estates one after another. I guess not. So her proposal is useless.
@@EleventhHour2622Imported1mo ago
Good proposal but....I think those who owned 2 or more properties are usually PAP fervent supporters, so wonder if this proposal will backfires on them🤣
@@AilingWongImported1mo ago
Tell the government this!!
@@LB-jo1pgImported1mo ago
that's MP ... well said. Good proposal
@@charcoal123Imported1mo ago
With the number of BTOs being built and hdbs available , the housing needs are well addressed . Investors work hard to buy more properties, predominantly private ones will not affect those who who are going for public housing when they have not reached prosperity through hard work and business achievements. Why penalise these investors for owning more properties? Throughout the world , most people invest in properties to build up their wealth when they are able to afford .
@@darrenloi76Imported1mo ago
Higher tax - higher rental Cost. Not a straight forward issue to resolve
@@charcoal123Imported1mo ago
Hope this applies to car ownerships too , those who own several cars should pay more taxes for depriving others who need cars badly to ferry school children n elderly parents for medical appts . Coe shot up because of multiple car ownerships by individuals
@@leekh3Imported1mo ago
Only 4% to 6% of Singaporeans hold more than one property. If the government so wishes, it can release enough land to offset the units held by multi-property owners. The key to lowering property prices lies with the government, rather than scapegoating a small group of owners (I am not one, by the way).
@@gparamaeswary7276Imported1mo ago
Do the same thing with cars.
@@marimo66666Imported1mo ago
finally someone who spoke honest words that hit closer to home
@@kengleetan63Imported1mo ago
Oh yeah?.<br>Now lets ask her.<br>What sort of housing is she staying now?<br>Anyone knows?<br>HDB?<br>Even EC are considered HDB.<br>And had she purchased another property or properties, besides the one she is residing?.🤭
@@skywalker55534Imported1mo ago
I like this proposal and totally support. Please let it go through for our young people. Dun let them hoard their wealth and not allowing it to flow for our young ones.
@@shaanselvamImported1mo ago
Well said 👏
@@Oldlee-g6rImported1mo ago
Property in sg already cannot earn money on rental.. increase tax mean more lost for investment... The promise on a home is generally imports of 60% immigrants for 5.8million. pap preparing for 10million....
@@academicsports8682Imported1mo ago
The way she speaks is so peaceful , I totally support this request. I wish the Singapore government can incorporate this into their policy structure.
@@tonykwok9763Imported1mo ago
I LIKE 👍👍👍👍👍CITIZENS' LEVEL.....FOR THE POOR🤣🤣🤣🤣🤣CITIZENS' CENTRAL PROVIDENT FUNDS
“Anyone who has played Monopoly knows the game changes once a player owns several properties.”
Drawing on the board game, Bishan-Toa Payoh GRC MP Elysa Chen proposed higher taxes on owners of multiple investment properties in parliament on Tuesday (Oct 6).
Noting that young couples looking for a home are not competing on equal terms with investors who already own multiple properties, she proposed progressively higher rental income tax rates from the second investment property onwards. Owner-occupied homes and a person’s first investment property would continue to enjoy existing concessionary property tax rates, Ms Chen said. #singapore #sgnews
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MP Elysa Chen proposes higher taxes on owners with multiple investment properties
Nancy Ward • 1.2K views
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