Any predictions on whether market is going to sink if all this comes into effect? Will there be an exodus to buy or sell before year's end? The new article in Straits Times yesterday predicted more will buy before Jan to esccape the additional 5% tax. but I am wondering if investors will want to exit the market before this kicks in.Hard to say as the ABSD hasnt dampened the market in SG.
Usually price goes up by much more than 5% if e GST is 5%. Just be careful of developers cutting corners if u r buying very recent launch. Such developers will be caught by raw materials price increase next year if GST is announced.