Higher taxes on horizon as rising asset prices in Singapore mint millionaires

-A +A

SINGAPORE (Dec 4): Ivan Ng, one of the residents at Braddell View, the former HUDC development that has been put up for collective sale, reckons he will get at least S$2 million for his unit, given the price tag of at least S$2 billion for the expansive 1.124 million sq ft plot. That is significantly more than the S$1.3 million that units like his are currently fetching in the secondary market.

If the sale of Braddell View goes through, literally hundreds of homeowners like Ng could suddenly see a surge in...(click on link for full story on theedgesingapore.com)