Originally posted by anonymouscoward:
I fell off my chair reading that. I recently sold my 1300 sqft freehold apartment in Tanjong Katong for $730K and bought a 1700 sqft landed house in Siglap for $920k.
I'm not sure if these people are crazy or they simply have too much money to spend - a problem when too much money are concentrate to few people; widening income gap.
Thanks to our Mr Mah.. everywhere he goes, cost sure goes up one. He is super duper unpopular but our gahmen needs people like him to pump up their wallet and salary.
For all we know, they will ask for more ministerial salary increment.. citing the increase in Singapore property price as a success.
When you sell your apartment and when you bought your house? I know someone who just sold en bloc for 2 mil, then bought a new house at YCK 1830 sq ft for 1.7 mil. So my guess is your house, either you bought quite a while ago, or is 2nd hand?
Anyway when property prices increase, property tax increase. More sales = more stamp duties to be paid. Wonder where all these money went...