Deep Tax Cut To Save Sentosa Property

[makapaaa]

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Coffeeshop Chit Chat - Deep Tax Cut To Save Sentosa Property</TD><TD id=msgunetc noWrap align=right>

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http://www.nasdaq.com/aspx/stock-ma...cuts-charge-for-residential-developments-by-2
Nasaq, 31 Aug 2009

Singapore Government Cuts Charge For Residential Developments By 2%

SINGAPORE -(Dow Jones)- Singapore's Ministry of National Development said Monday that it will cut a tax on residential property sites that are developed into more valuable projects by 2%, on average, islandwide.

The revised charges will take effect Sept. 1, and will last until March next year, the ministry said in a statement.

The highest tax cut - 17% - is for residential developments on the island of Sentosa, which has seen a decline in buyer interest since the property market started to slow in 2008.

The government also cut the rate for commercial, hotel and hospital developments across the island by 4%. The same cut will apply to sites being developed for commercial use in the business zone.

Singapore's property market dropped sharply earlier this year as the island fell deep into recession. The market has been recovering, however, as buyers take advantage of property price cuts.

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[takcheksian]

why are we saving rich tax evading fucks from Indomee-sia, Hindustan and PEE Ah See? Boh lang ai buay expensive home, so PAPpy cut taxes more for them?

Then if all Sinkies refuse to buy HDB shitholes, PAPpy will cut taxes and conservancy charges?

 

[2lanu]

When property was booming in 2007, white scums are collecting huge bonuses on the land sold. There is even news that they are going to build more properties on other lslands.

Obviously case of got credits, they will take bonus, no blame they just keep mum. :oIo:

 

[myo539]

why are we saving rich tax evading fucks from Indomee-sia, Hindustan and PEE Ah See? Boh lang ai buay expensive home, so PAPpy cut taxes more for them?

Then if all Sinkies refuse to buy HDB shitholes, PAPpy will cut taxes and conservancy charges?

Anything wrong with his business strategy? Even the hawker Ah Pek and Ah Soh know that if business is no good, you need to lower prices or give out more free gifts. If demand is high, then raise prices - simple as that!

 

[bryanlim1972]

The highest tax cut - 17% - is for residential developments on the island of Sentosa, which has seen a decline in buyer interest since the property market started to slow in 2008.

of course, coz no one wants to live in sentosa, especially since the sea "views" are of passenger ferries and tankers plying up and down, polluting the air and killing the peace and quiet with their horns sounding half the time.