Alex Tan claims the property tax levied on HDB housing is a wrong tax because HDB apartment “owners” do not own the property and will have to vacate once their lease is up.
Is it a wrong tax? Does HDB owners don’t own their properties? If that is so, why owners can sell their properties for a profit?
Furthermore, what is Alex Tan talking about owners will have to vacate once the lease it up? Doesn’t he know older flats are being SERS and owners will be given renewed 99 year lease?
Housing Board (HDB) flat owners will pay lower property tax next year while almost all private property owners will have lower or see no change to their bills, said the Inland Revenue Authority of Singapore (Iras) on Monday (Nov 28).
Owner-occupiers of one- and two-room HDB flats continue to be exempt from property tax, while three-room flat owners will pay up to $18.40. This year, three-room flat owners paid up to $37.60 in property tax, while they paid up to $49.60 in 2015.
For next year, four-room flat owners pay between $52 and $100, down from this year’s $71.20 to $119.20. Five-room flat owners will pay $83.20 to $131.20 in 2017, also down from this year’s $104.80 to $152.80.
The Selective En bloc Redevelopment Scheme (SERS) renews our older housing estates. If you are a SERS resident, you will get the opportunity to move to a new home with a new 99-year lease, and continue living close to your current neighbours. SERS flat owners will also be given a package comprising compensation and rehousing benefits.