Singapore Hikes Property Tax, Doubles Foreigner Rate

The video discusses the challenges in the property market post-COVID, highlighting the surge in rental prices and the impact on expats. The government has implemented measures like increased stamp duties and tightened home loan limits to cool the market, but these have not been fully effective. Public housing costs have risen significantly, causing frustration among residents. The government hopes increased construction will boost supply and lower prices. The video also questions the effectiveness of taxes on high-end properties in curbing the market's heat.

What was one of the main reasons for the increase in rental prices during the COVID-19 pandemic?

• A decrease in property taxes

• An increase in foreign investments

• People investing in property and renovations

• A rise in construction costs

By what percentage did public housing costs increase since 2021, according to the Ministry of National Development?

• 25%

• 43%

• 50%

• 38%

What is the government's strategy to address the high housing costs?

• Subsidizing rental prices

• Limiting foreign ownership

• Increasing housing supply

• Reducing property taxes

What was the focus of one of the previous rounds of government measures to cool the property market?

• Rural development

• Commercial real estate

• High-end properties

• Low-income housing

What is a key factor that needs to be observed to determine the effectiveness of the government's measures?

• The impact of increased supply on prices

• The change in foreign investment policies

• The reduction in construction costs

• The rise in rental subsidies