"There are many ways wealth tax can materialise. For property, they could implement a capital gains tax, or bring back estate or inheritance tax. They may also tax luxury properties priced above a certain quantum." – Dr Tan Tee Khoon, PropertyGuru
With another estimated 31,000 HDB flats coming off their MOP in 2022, the impact of HDB upgraders is likely to continue. Additionally, foreign investors will come back into the market if Singapore continues to reopen its borders via Vaccinated Travel Lanes . In response to the COVID-19 pandemic, the US Federal Reserve slashed interest rates to near-zero in early 2020. Global interest rates and
"Interest rates may rise in the longer term but are likely to remain low in the short- to medium-term." – Paul Wee, PropertyGuru